Accounting

Orderly and timely accounting allows you to manage and forecast the company's financial situation and make accurate strategic decisions. We dare to say that accounting is one of the most important areas of business existence and evolution, so choosing the right partner becomes a significant decision. In our practice, we have seen how orderly and consistent accounting has allowed companies to grow sustainably, rely on accurate financial reports and make decisive decisions.

It is important that your accounting:

The base of tax laws is dynamic, therefore it is necessary to constantly adapt to various changes, so it becomes extremely important that accountant The base of tax laws is dynamic, so it is necessary to constantly adapt to various changes, so it becomes extremely important that the accountant is constantly interested in the amendments to the laws and adjusts the accounting for the benefit of the company. However, it is not enough to know only the legal basis, it is necessary to deeply understand the specifics of the accounting business and make decisions that will lead to the financial well-being of the activity.

Accounting

Different areas of business require different knowledge. In some areas of activity, such as marketing or sales, companies have enough room for creative and poorly defined solutions, but an accountant is an employee whose actions are limited by current legislation. 

Laws are adjusted, supplemented or completely changed every year, so accounting is a field that must be extremely adaptive and flexible and respond quickly to changes. A correct reading of legislation and knowledge of business processes allows you to correctly combine these areas and make decisions that are valuable to companies.

An accountant's ability to turn to business interests and adapt laws in practice so that they are maximally useful is an important feature. D&R Accounting is proud that accounting for companies is always done in their best interest. 

Of course, companies with different legal forms have their own accounting specifics and regulations, so it becomes important that you have a truly professional team for the accounting of your activities. The accountant's knowledge and skills become a direct tool for financial management. A specialist who knows the law, its wisdom and benefits well can apply solutions that are useful or cost less for the company and proactively suggest what kind of financial restructuring can be useful. 

The conclusion is that the work of an accountant also requires creativity. Some decisions can lead to critical improvements in financial flows and accounting. Orderly and legally compliant accounting enables the company to see the full financial picture of operations and make strategic and long-term decisions.

„D&R Accounting“ it is your business partner whose goal is to contribute to operational efficiency, process automation and profitability within the context of applicable laws. We not only provide accounting services, we also advise and consult and share the latest legal information that is significant for business. Our ambition is not only to perform accounting functions, but also to give companies the advantage in the market that can be provided by a favourable and correct application of legislation. Accounting, like other fields, is on the path to digitization, so most processes can be automated. D&R Accounting keeps up with global trends.

There is a prevailing view that an accountant is a part of the company's costs, but the value generated by a professional allows it to be considered more like an investment. Accounting is a critical area of ​​activity where mistakes or negligence cost the business far more than an accountant's salary, so choose a partner who takes a responsible and empathetic view of your operations.

"D&R Accounting" will take care of all your company's accounting issues: from document processing to preparation of financial activity reports. We promise that you can entrust all important questions to our team, and you can devote your time to other important business areas.

If this is relevant for your company - fill out the contact form and we will contact you soon.

Mandatory taxes in Lithuania - what are they?

Personal income taxIt is deducted from the received salary, as well as from other, non-employment income (after the sale of property, etc.). Personal income tax is deducted from the salary for those working under employment contracts (this is done by the employer), while those performing self-employment pay for it yourself. When taxing income related to employment relations, 20 percent is applied. income tax rate self-employment incomes taxed at 15 percent income tax rate.

GPM turi mokėti pajamų gavę nuolatiniai Lietuvos gyventojai bei nenuolatiniai Lietuvos gyventojai, GPM mokantys nuo pajamų, kurių šaltinis yra Lietuvoje.

Income tax. It is paid by companies from their earned net taxable profit. The basic corporate tax rate is 15 percent. Lower rates apply to small businesses, social enterprises are completely exempt from this tax.

Value Added Tax (VAT). VAT is a tax paid by consumers on purchased goods and services. The standard VAT rate is 21 percent. More about VAT you can read it on the official website of VMI.

Social insurance contributions. The main purpose of the social insurance system is to guarantee income to the insured in case of loss of working capacity due to illness, maternity, old age, loss of working capacity or in other cases. These taxes are paid by both the employer and the employee. Together, social insurance contributions amount to 40 percent. salary "on paper". State social insurance taxes must also be paid by self-employed persons, who work with business certificates, copyright contracts, athletes, performers, members of families, etc.

Mandatory health insurance (PSD) contributions. SI entitles people to health insurance services free of charge (for most services). If the person is not covered by this insurance, he must pay for the treatment services himself. Automatically insured compulsory health insurance becomes:

• Persons working under an employment contract;
• People under 18
• Retiree.
• Unemployed persons registered at the Employment Service;
• Persons on pregnancy and childcare leave;
• Students
• Socially supported persons; other dependent persons assigned to special groups;
• Eligible guardians.