Accounting services in Latvia

We provide a wide range of accounting services to businesses operating in Latvia. Our accountants are dedicated to giving our clients the best possible service and keeping their accounting records organised, which helps to ensure our clients' financial stability and reliability.

Why choose us?

• Our staff is well-versed in Latvian accounting regulations and standards. In terms of the consolidated financial statements of listed firms, Latvia adheres to national accounting rules that have been harmonised with International Financial Reporting Standards (IFRS). However, small and medium-sized businesses can use simplified accounting requirements. By making sure your business conforms to local and international rules, we reduce the possibility of penalties or fines.

• Our expertise is in precisely and legally processing and filing payroll information. Latvian accounting standards require certain reports from companies, such as annual reports, tax returns, and statistical reports, in addition to taxes and reporting connected to being an employer.

• Our team has a thorough understanding of Latvian tax regulations. While Latvia is a member of the European Union and is subject to the basic regulations that apply to all member states, it also has its own set of tax laws and regulations that control corporate income tax, value added tax, personal income tax, and other taxes. These laws and regulations differ slightly from those of other nations. Complying with and understanding these regulations is essential for precise financial documentation and tax efficiency.

• Since our accountants are native Latvians, they feel comfortable in the country's business community. All transactions with governmental entities take place in Latvian, which remains the official state language, even if Russian and English are also commonly used here. Financial statements and tax returns, among other accounting documents, must be completed in Latvian, necessitating the use of a translation agency or the acquisition of language proficiency. By using our service, you may avoid hiring a separate translator and be sure that you have understood the required information accurately.

• We guarantee the accuracy and seamless execution of international transactions. Due to our established clientele, our accountants regularly handle cross-border transactions. We speak Estonian and English in addition to Latvian and Russian, which facilitates straightforward communication and provides an environment conducive to productive collaboration.