That's really up to where you want to live, but within the EU you could take a look at a structure that involves Estonia or Romania.
UAE - 2024 - And now, what?
- Thread starter JackieTsan
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Why do you and many others write that bookkeeping/accounting should be done right now? Isn't it enough just to keep all the invoices and prepare all the stuff just before it is needed - before submitting reports, possible audit, etc.? Is the point of doing it now just to have everything organized so you don't have to rush later, or am I missing something?
If you really want to get serious with your business, doing the bookkeeping and keeping up with the accounts is pretty essential. It helps you keep track of how your company is running.
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Disclaimer: Nothing I say should be taken as tax, legal or financial advice. Anything I say is for general informational purposes only. Always seek independent professional advice.
You are right. I usually keep everything in a format that's convenient for me. However, I don't understand the need to pay an accountant every month and send him information in monthly batches.
If you have a competent accountant, they should be able to offer advice and proactively help implement strategies to optimize financial flows. While I'm capable of managing the books myself, I find it reassuring to have someone who's well-versed in accounting and has experience across various types of businesses to offer their insights.
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