10 YEARS WITH YOU
10 YEARS WITH YOU
We have formed a bookkeeping team with the intention of taking a different approach to managing your books and accounts. Our bookkeeping is not template-based but rather advisory and creative, adapting to your business needs.
Today, it is most important to operate in accordance with the Law, because any mistake can be financially fatal, especially for small, poorly liquid firms that are developing. Another important matter is the financial aspect of bookkeeping, i.e., what financial consequences bookkeeping entails.
We have noticed that many final accounts of firms in Serbia are unnecessarily negative, thereby unnecessarily diminishing their financial potential with banks/creditors/partners.
In today's world, your financial indicators will be increasingly important. The most important papers are the final accounts, which are public records through which many of your business partners and potential creditors will try to identify you. If you want to succeed, it is of enormous importance how your bookkeeping takes care of your financial health.
Our goal is to integrate bookkeeping and finance in a way that enables firms to grow properly. It is precisely for the small ones that we exist and we help the small ones to become larger, to grow healthily.
Our services include the following categories:
In addition to regular bookkeeping, the price of our bookkeeping services includes the following:
We are a company that has recognized the desire of a large number of clients for higher quality and better bookkeeping. We believe that bookkeeping should not be reduced to mere posting of accounting changes.
We manage your books in such a way that they are understandable to every user, the state, banks, and business partners.
The bookkeeping we provide is advisory, and we do it as we would do it for ourselves. Therefore, responsibly and transparently. For every question you have, you will receive the best answer regarding taxes, finance, banking analyses, and your company's rating. In today's business, as well as in the future, financial creditworthiness will be increasingly significant.
If you are a company that operates and grows healthily, do not let poor bookkeeping ruin your business, do not allow yourself to be negative if you are actually successful. By doing so, you close doors, most often to banks, but also to business partners. Closing doors to banks can have a very bad impact on further business, and even on health, because it prevents your company from developing at the speed it deserves.
It is precisely for these reasons that we have decided to provide bookkeeping worthy of your company, and financially responsible above all.
Current times require a change in awareness about the role of the bookkeeper and bookkeeping services. Thus, a bookkeeper can no longer be considered as a person who "posts invoices" nor a person who just "keeps some books."
A bookkeeper must be a professionally educated person who must have not only sufficient but serious professional knowledge enriched by experience in taxes as the most important matter governing bookkeeping. A bookkeeper is a person who defends your freedom before the Tax Administration and as such is a key person in the company (whether engaged externally or internally).
A bookkeeping agency offers services that are part of the business process of every company and are an indispensable part of economic life. Our bookkeeping agency has developed increased attention to bookkeeping and accounting services; in the following text, we will explain why.
We sometimes witness behaviors of the Tax Administration that are detrimental to the economy. A good part of these harmful events occurs when Tax Inspectors are not sufficiently trained (e.g., in tax audits) or when only negative (punitive aspects of the law) are considered, and facilitating aspects of the law (e.g., the Advisory function of the Tax Administration) are not applied.
Our bookkeeping agency has excellent economic knowledge and many years of experience with Tax audits, from which we can draw many lessons, but one of the most important would be that we must act protectively towards the clients of our bookkeeping agency before the Tax Administration, until the management of the Tax Administration understands that they live off the economy and that the economy fills the budget of this country, which is precisely spent by such administration. The goal of the Tax Administration must be to care for the economy, not to find various ways to punish it.
In relation to this, our bookkeeping agency strongly fights against unprofessionalism, negligence, and other similar phenomena in all state administrations.
In the fight against these phenomena, we engage lawyers, especially for tax audits. By doing this, we show seriousness to the Tax Administration and reduce the possibility of manipulation.
Therefore, the function of a bookkeeping agency, i.e., an accountant, is extensive and important because it cares about the Tax health of businesspeople and thus their financial health.
If you need such bookkeeping services, we are here for you and offer you our extensive Tax experience.
We offer all types of bookkeeping services, some of the most important are:
We also offer all types of tax consulting, some of which are:
Tax consulting for all types of taxes:
Tax consulting for tax penalties and offenses:
The domain of accounting services includes all services; we keep business books for all types of legal entities, and some of the most important accounting/bookkeeping services are:
The prices of accounting services depend on the actual scope of work, number of employees, special requests, and similar factors. In any case, we adjust the price to you.
Considering that the situation in the economy changes every day, both business entities and the tax administration change their methods and mechanisms of operation.
As things stand today, the goal of business entities is, simply put, survival, while the tax administration's goal is the highest possible tax collection. In my opinion, higher tax collection will be possible when the economy experiences an "upswing" (an upswing is the opposite of the recession in which the economy currently finds itself).
It is unrealistic in a situation of recession or freezing (stagnation) of activity for tax collection to increase twofold! Tax laws and tax rates must be adjusted in such a way as to enable the growth of economic activities in synergy with other economic parameters.
If it is an increasingly common situation that small business entities, in particular, cannot pay large tax levies, then such a tax system extinguishes the small economy, which most economists will agree is the most important in an economic system. And the grey economy itself does not arise because some reasonable business entity wants to operate in the grey economy, but rather the grey economy is a consequence of irregularities and improper functioning of any market.
For example, if the foreign exchange market is not regulated and transparent and if it does not function, a grey market will appear; if the market for any other goods, money, or services does not function in the right way, its dark side will appear—and that is the grey market. This precisely means that the grey market in a country cannot be eliminated by draconian increases in penalties, but rather the grey market is reduced by introducing tax breaks, introducing professional tax managers, reducing taxes, etc., and by numerous other tax policy measures.
In a word, the cause should be treated, not the consequence. No company in the world is opened for the purpose of only paying taxes but to operate, earn, and pay taxes! So, we Serbs did not invent the term "tax savings" or "tax payment optimization."
Large systems in developed countries use the services of professional financial analysts and tax advisors; however, this should also become a practice for small firms. Because, unfortunately, the health of a small firm can be most affected by errors in the sense of incorrect interpretation of regulations. For this reason, business entities increasingly come into conflict with the tax administration, which does not automatically mean a conflict with the law, nor does it mean that the representatives of the law are always right.
Today, we criticize the Tax Administration for:
Another extremely negative phenomenon, which has been occurring more frequently lately due to the pressure for higher tax collection, is that the success of a tax inspector is measured by the number of firms they have closed, or the number of firms they have driven into blockage.
This is, of course, catastrophic for the entire economy, and until such practices and criteria cease and until such tax inspectors are removed from the position of legislator or enforcer of the law, the economy cannot experience prosperity.
Such tax inspectors increase the grey economy and contribute to the tax administration behaving like the gravedigger of the Serbian economy, which should by no means be the case! On the other hand, we criticize business entities for not following tax regulations, for not sufficiently understanding the importance of tax laws, and for insufficient information.
In this not-so-easy situation, professional bookkeepers must play their positive role in adequate and daily assistance, primarily to their clients. We are ready with our knowledge, and with the help of good lawyers whom we engage, to help other firms in the process of tax audits.
Tax audits represent targeted controls by the Tax Administration on business entities. These controls can have long-term consequences for your company.
These are most often VAT tax audits and corporate income tax audits. The quality of accounting services and accounting in general is very important in these audits.
We offer you the opportunity for your company, with a team consisting of at least one lawyer and tax experts, to participate in the tax audit as an expert team in your favor.
Knowledge of relevant laws, i.e., the Law on Tax Procedure and the Law on Inspection Supervision, is crucial. These laws, in many provisions, favor business entities, and their knowledge is key because it is very possible that the Tax Administration uses only those articles of the Law that are not in your favor.
You must also be aware of the fact that the personal attitude of the acting inspector can determine the course of the audit, in the sense that a mistake made to the business entity may, after the delivery of the minutes, and later the Decision on the audit, result in the blockage of your company's account if the inspector thinks you owe any tax.
We deliberately use the word "thinks," taught sometimes by negative experiences and bad intentions of the Tax Administration.
We overturn numerous Decisions in the second-instance procedure or at the Administrative Court if necessary; however, the initial account blockage after an audit can cause irreparable damage to the company's business, and this no businessperson should allow.
For this reason, we recommend that you prepare in time and be sure that you have a team that can readily face any Tax audit.
During tax audits, we always recommend the presence of a lawyer so that the business entity shows seriousness in respecting the law. Here we must point out that, unfortunately, sometimes the knowledge of tax inspectors is insufficient, or they have come with a negative preconception about the company's operations, and often they receive orders from "Higher authorities" that they must issue a certain fine.
We fiercely fight against such behavior by inspectors/Tax Administration, we always demand Respect for the law and we are ready to file disciplinary reports and use all other legally permissible means in the defense of the economy and business entities.
The goal of the Tax Administration and the behavior of its employees must be set in such a way that in all functions and tasks they perform, they encourage the economy and economic development, so that all functions of the economy run regularly, and ultimately, the payment of taxes.
As in other cases, in this case too, the quality of the accounting services you receive from your bookkeeping firm is crucial, as well as the bookkeeper's excellent knowledge of tax matters.
Until this is the case, our accounting team will fight wholeheartedly for every business entity that turns to us for help regarding this matter.
The Tax Administration assigns the VAT ID (PIB). The Law on Tax Procedure does not precisely define the reasons for revoking a VAT ID, which is a flaw in the Law, but from experience, we can say that the most common reasons are the following:
From experience, we can say that VAT ID revocation is carried out in a short period; however, the deadlines for reinstatement and the method of reinstatement are not so simple. The Law on Tax Procedure is very obscure on this point and does not explain the mechanisms for revoking and reinstating a tax identification number.
Our accounting services also include the reinstatement of revoked VAT IDs.
We will successfully reinstate every revoked VAT ID; contact us for details.
Accounting services also include the preparation of final accounts for all legal entities in the country. Along with the Financial Final Account, which is submitted to the Business Registers Agency in electronic format, a tax balance sheet is also submitted to the Tax Administration for all legal entities engaged in profitable activities.
There is an obligation to prepare final accounts prescribed by the Accounting Law.
The basic set of final account reports includes:
Large, medium, and other small legal entities, in addition to the above reports, should also prepare:
The final account is the basic accounting and financial document that presents key financial indicators of financial position (equity and liabilities) and performance (income, expenses, and profit).
An important indicator for banks is operating profit (EBIT) and operating profit minus depreciation (EBITDA).
Operating profit is the positive difference between operating revenues and operating expenses. Operating revenues are those revenues that arise from the business sphere of operations (sale of goods and services); operating expenses are those expenses incurred in generating operating revenues.
We approach the preparation of final accounts with special attention, ensuring that we adequately present the financial creditworthiness of the client, which is of crucial importance.
For example, a company that does not have positive final accounts in the last two years will have its path to financing by banks and other financial institutions closed, and even with those partners with whom cooperation should be established (obtaining goods on deferred payment and other).
Final accounts must be accurate, submitted on time, and a clear conclusion about the company's creditworthiness must be unequivocally drawn from them. When preparing final accounts, the quality of accounting services is crucial.
We must be aware of the importance of official final accounts because it is precisely by these indicators that partners, banks, the Tax Administration, the public, and many others evaluate us. We are also prepared to correct final accounts for clients who assess that their final accounts are not well and faithfully presented, especially those whose balance sheets are unjustifiably shown as negative.
A virtual office is a combination of real space that we rent in your name and additional services that we offer to complete and speed up your business, while at the same time reducing operating costs.
Within the virtual office service, we offer:
Advantages of virtual offices:
Which locations are available? In Serbia, the available city is Belgrade, while worldwide it is possible to register a virtual office in all major cities. A virtual office can be opened anywhere in the world. The more prestigious the cities, the higher the prices, of course.
For only 7,000 dinars per month, you can operate from the capital through us.
OFFSHORE REGISTRATION AND COMPANY REGISTRATION IN SERBIA:
Other company services include company registration worldwide in offshore destinations. In our country, companies from Cyprus are the most popular; however, it is possible to establish a company practically for the same price anywhere in an offshore zone. Immediately after company registration (obtaining original forms), it is necessary to open a bank account, of course, anywhere in the world. Such companies are fully effective in Serbia as well, and they can perform any business activity except prohibited activities, of course.
SCANNING:
A virtual office is a business service we offer to all clients who do not want to rent an office but are satisfied with an office where one of our employees sits and performs the following services for you:
A virtual office is a combination of real space that we rent in your name and additional services that we offer to complete and speed up your business, while at the same time reducing operating costs.
It is especially suitable for small businesses, the IT sector, and service companies that organize and conduct most of their business via the internet.
With a virtual office, you can work from anywhere in the world, confident that someone will receive mail addressed to you and forward it to you in real time.
Which locations are available?
In Serbia, the available city is Belgrade at two locations; one location is in the municipality of Vračar, and the other location is in the municipality of Palilula.
An expert team consisting of two full-time employees, as well as two highly educated part-time associates of the company with many years of experience in banking and finance, can provide you with the following services:
Given the specific knowledge we possess in the field of financial investigations and financial analyses, we also offer clients resolution of disputes they have with banks. The services apply to legal and natural persons. We offer services to clients who are in dispute with a bank regarding late installment payments, threats concerning the activation of security instruments, violations of signed contracts, increases in interest rates, ILLEGAL CALCULATION OF DEFAULT INTEREST, etc…
A bank client (debtor under a financial loan) who has been repaying the loan regularly for 3 years, and 6 months ago fell into arrears with monthly installment payments, where the delay amount is 10-30 days. During this time, the bank calculates default interest in violation of the Law on Default Interest (the percentage amount of interest was freely determined by the bank), and in addition to regular interest and principal, the client is also charged default interest. The calculation of default interest is normally agreed upon in the Contract, so most clients are aware of this and do not complain because they expect a "penalty."
However, what most clients do not know is that there is an exact formula prescribed by law for determining the amount of this "penalty," nor do they know how to calculate it themselves. The law also protects the client in the sense that it prescribes a proportional (simple) interest rate, in order to avoid the usurious method of calculating compound interest (interest on interest). Further developments lead to the debt for default interest (illegally calculated at a higher interest rate) accumulating so much that the client, in further installment payments (even if late), actually only repays the default interest, which accumulates all the time.
So, after 6 months of delays in which the client nevertheless pays loan installments from time to time, it turns out that they have not repaid a single dinar of regular interest or loan principal, after which the bank threatens to activate the collateral because the client has accumulated 3 unpaid installments. This can happen to anyone who is not strictly careful, and then the bank tries to activate the security instruments as quickly as possible, even though this does not benefit either party.
Although the problem seems simple, things happen quickly in a negative sense, and the client falls into debt bondage, loan acceleration, etc… Of course, lawyers are powerless here without economic experts whose expert testimony costs a lot. And since the client is already in financial trouble, solutions are difficult to find, and court proceedings are not worthwhile, knowing the state of the judiciary in Serbia.
That is why we have designed a financial analysis and mediation assistance service that does not cost much but can help those clients who need help.
Unfortunately, lack of knowledge among clients who are in financial debt is often the problem, because the subject matter is complex, and some banks unfortunately exploit this. Our goal is to resolve disputes peacefully, and every bank that has a legal dispute or a pre-dispute situation should accept a peaceful resolution of the dispute through mediation if it is in the interest of both parties. However, for the bank to agree, it is necessary to explain to the bankers, through calculations and legally, that they too can "make a mistake," especially in calculations.
You can convince them of this through good financial analyses and knowledge of the 4 relevant laws that concern this matter.
There is a small number of clients who approach banks wanting to solve a problem, and therefore banks should value every client who wants an agreement. Therefore, our services in this sense contain the necessary knowledge and much-needed energy to resolve these matters peacefully. Certainly, the Corporate Cooperation Agreement we have with the bank also helps us in this. The final solution is usually in the form of loan reprogramming.
For companies that are not in our accounting system, we can offer an internal accounting analysis service.
This service is for all companies that want to audit their bookkeeping from the beginning of the year (by agreement, also earlier periods). We understand that laws and regulations change daily, and that company owners often only discover problems after a tax authority audit, when it's too late.
To prevent unnecessary financial indebtedness of the company and the payment of penalties, we suggest you check the work of your accounting department.
This particularly applies to:
Today, everything is cheaper than paying the Tax Administration penalties, which are unbearable in their amount for small businesses, not to mention the criminal liability of legal representatives.
The independent audit report is submitted exclusively to the company management (owner or director).
Based on our report, your accounting department should remove the identified deficiencies. This benefits the company and allows for the avoidance of future inconsistencies, if any.
Unlike external audit, internal audit can be performed at any time the company management wants to verify the accuracy of what has been recorded and the overall consistency between the real and accounting data.
For further information, please contact us.
Given our vast knowledge and experience, we offer you the service of representation as an expert in all tax disputes you may have with the tax authority. Unfortunately, due to repressive policies and often the lack of knowledge of tax officials, the Tax Authority often makes mistakes in issuing decisions and drawing conclusions during tax audits. This often results in the appearance of additional tax liabilities that the Tax Authority orders to be paid, which the business owner did not plan for or even did not know existed, and with which they certainly disagree that they should pay them.
In all cases where you disagree with the Tax Administration, you have the possibility of legal proceedings if they have not already been initiated by the Tax Authority. We can successfully represent you in all tax proceedings and with considerable accuracy can tell you the outcome of such proceedings, especially when it comes to internal VAT, personal income tax on other income (for example, payments made from a legal entity to a natural person), criminal offences of VAT evasion, criminal offences of corporate income tax evasion, tax evasion of personal income tax (other income) and others.
We offer a special service in the REBUTTAL OF EXPERT OPINIONS of other experts which are either commissioned or otherwise jeopardize your court proceedings. Our team consists of at least one economist and one lawyer; we also engage other persons as needed.
Copyright © 2025 developed by Dacha Dallocort