Category

Finance & Accounting
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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09
July

How to Prepare a Tax Plan for the Year Even Without Being an Economist (Updated 2026)

Tax planning is the process of organizing tax liabilities in such a way that your business pays as little tax as possible within the legal framework. With...
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27
June

Is it worth registering for VAT if you're not required to? (Updated May 2026)

Many small entrepreneurs ask themselves, “I haven't crossed the 10 million lek threshold – do I need to register for VAT myself?”. This threshold of...
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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 are an entrepreneur and are 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?

The annual financial statements, which include the annual financial reports (the balance sheet, the income statement, the statement of cash flows, the notes, etc.) – are required to….
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03
May

How to protect yourself from the euro's decline and the exchange rate

Key points: The euro's fall hits those who invoice in euros and spend in lek, as well as exporters, tourism, and IT. From 117.25 lek in January 2023,...
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13
April

How does the subscription model work for professional services?

Key points: The subscription model replaces billing for each hour or action with a fixed monthly fee for a package of services. Both parties….
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04
April

How can you tell if you have a business without a plan?

Key points: A business without a plan is marked by six clear signs. The self-test below helps you check them one by one. The solution is a plan….
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17
January

Legal audit in Albania: mandatory criteria and rules of Law No. 126/2024 (Updated August 2026)

Key points: Legal audit is mandatory for public interest entities and for entities that meet two of the three criteria, for two consecutive years. The criteria are….
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15
January

The benefits of electronic invoicing for your business

Key points: The benefits of electronic invoicing are four: time savings, fewer errors, easy archiving, and prevention of fines. Fiscalization was implemented with...
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