Are there any discounts or grace periods for new clients?

Yes! We offer free one month for most of our new clients and If you pay for a year in advance you save 20% compared to paying per month.  

Should I remain a sole-proprietor or should I incorporate a company?

There is a substantive reasons to incorporate a standard LLC in Armenia; one is liability, if your business puts you at risk (your actions may cause damage to property or injury to a person) then there may be a chance that you could be sued for damages; and as a sole-proprietor your personal assets, cash, home and vehicle would be at risk.  

Do you offer discounts for students, teachers or NGOs?

Yes we do! We always like to help. Get in touch and we'll hook you up.

I have more questions. Where can I find answers?

If you still have questions, send us an email.

 Is my data safe?

 - 128-bit SSL encryption for all data transfer on the platform and forms
- Daily backups of all your data, in case anything goes wrong
- Security protocols in all our work premises

My business is incorporated; do I need a business bank account?

Yes. Any income that is NOT deposited into your business bank account could be perceived as your personal income and would then be taxed at your personal tax rate. A business bank account and its fees are an expense to your business and can be deducted within your business taxes.

I pay a lot of tax every year – what can I do?

It is imperative to review both the business operations as well as your personal tax situation simultaneously to properly balance the amount of tax you pay in both areas, so you never pay tax unnecessarily. Some of the options we may explore are paying your spouse and paying your kids. Often times they provide infrequent support to your business with no compensation. They should be paid for their “part-time” assistance, and if their tax base is low – they may get all their tax back.

How do I know what expenses are tax deductible?

What is deductible can change in any given year. RA Government is constantly revising and updating the Tax code of Armenia. That is just one of many reasons why retaining the services of an outside accounting for both regular accounting/payroll and taxes is a good idea. Your accountant will be up-to-date on what can and can’t be written off, and can help you maximize the potential benefit of your purchases and expenses when you’re filing your taxes. Generally, purchases and expenses deemed necessary can be treated as tax deductible.

The RA Court of Cassation has recenlty held a decesion VD5 / 0519/05 / 13 of April 07, 2017, indicating that the legal entity's gross income shall be entitled to deductions if the costs incurred are related to the gross income, and such costs should be substantiated and documented.

Should I outsource my accounting to an outside professional?

In most cases, the answer to this question is “yes.” When you consider how many hours you or another member of your staff will spend on record keeping, accounting, payroll, and taxes, it can often be more cost-effective to hire an outside professional for accounting and tax needs. Additionally, a professional services offers greater peace of mind than doing it in-house and relying on your cursory understanding of accounting and some complex, overpriced accounting software for all your needs. If you’re looking for a professional bookkeeper, contact us today!