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Category

Finance & Accounting
25
September

The SEPA Application in Albania: What it Means for Businesses and Individuals

On November 21, 2024, Albania officially became a member of the Single Euro Payments Area (SEPA). This means that payments in euros from...
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21
August

Why Is Your Business Not Working? How to Gain “Traction” with Simple Planning

Many small and medium-sized businesses in Albania today find themselves in a paradoxical situation: on one hand, they are busier than ever, on the other...
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11
August

When Profit Is Not Enough: Liquidity, Increasing Profit Without Sales, and “Silent Money” in Business

Have you heard of businesses closing even when they appear profitable on paper? It might sound strange, but many businesses fail not due to a lack of...
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15
July

Foreign Investments in Albania: Law, Challenges, and What Needs to Change

Albania is a country with extraordinary potential for foreign investment, but it has often been held back by legal uncertainties, poor implementation, and...
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14
July

Formalization of the agricultural and livestock market: tax campaigns, government support, and the role of the Food and Veterinary Agency

The Tax Administration's Formalization Campaign The Tax Administration has launched a new informational and awareness campaign for the formalization of agricultural product trading and...
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12
July

When and Why to Change Your Business Accountant

A good accountant should lighten your business's financial burden, but an unsuitable accountant can cause you headaches and losses. Accounting is...
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12
June

Is it better to hire a full-time economist or to collaborate with an external accounting firm?

If you're an entrepreneur and growing your business, you've most likely faced this dilemma: should I hire a full-time accountant...
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06
June

What happens if the balance sheet is not submitted on time?

Annual financial statements – which include annual financial statements (balance sheet, income statement, cash flow statement, explanatory notes, etc.) – are required to...
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03
May

The Euro's Fall: How to Protect Yourself from Exchange Rate Risk

Introduction: The Current Euro/Lek Exchange Rate Recently, the euro has experienced a significant decline against the Albanian lek. Throughout 2023, the European currency fell...
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13
April

Subscription models (billing by subscription packages): how it works, why it helps, and what you gain?

For years, many professionals have built their service on billing based on time spent or with a fixed price for each project. This...
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