What is overtime work and when is it allowed?
Overtime work refers to work performed by an employee beyond their agreed or legally prescribed working hours, in situations where there is […]
Category: Economics
What is a tax return and why is it important?
A tax return is a legally prescribed submission that a taxpayer files with the competent tax authority for the purpose of establishing […]
What is a KPO book and why is it important for your business?
The KPO book is a key document in accounting and monitoring a company’s tax obligations. The abbreviation KPO stands for “Tax Obligations […]
What is a grace period and does it really protect you from interest?
In business and personal finance, we often encounter the term grace period. Although it is frequently interpreted as extra time to make […]
Liquidity in business: definition, cash flow management and its importance
Liquidity represents the ability of a business entity to settle its due short-term obligations within agreed and legally prescribed deadlines, including obligations […]
How the tax administration chooses whom to audit
Tax audits are not random nor conducted arbitrarily; they are based on the analysis of data submitted by taxpayers through tax returns, […]
Self-employment test for entrepreneurs – what it means and how it works
The self-employment test for entrepreneurs in Serbia is a tool used by the Tax Administration to determine whether an entrepreneur truly operates […]
Cession
Assignment of receivables, also known as cession, is a legal and financial mechanism through which a creditor transfers its claim against a […]
The most common accounting mistakes that can cost entrepreneurs dearly
In practice, entrepreneurs and company owners often make business mistakes not intentionally, but due to a lack of information or incorrect interpretation […]
Statutory deadline for salary payments
Payment of employee salaries is a legal obligation of the employer, not a matter of internal company policy. In accordance with the […]