We consider that our clients have the right to receive a discreet service, including the right not publicly to announce that he or she uses our services. Considering confidentiality and having the understanding that in reference for the quality of our services we provide no names of any of our clients (according to established common practice), we decided to publish interesting cases, solved by our team. On one hand this is a reference for the services we provide and, on the other hand, using our previous experience we can be beneficial to our future clients.
The content of published answers is not a subject of legal statement or advice. Team of NEGUS ACCOUNTING SOLUTIONS is not liable for specific measures or actions based on the content of this page. Specific actions need a specific legal advice.
Contract Amendment in Case of Changed Payment for Length of Service
31.10.2011Question: Must we sign an employment contract amendment with every change of the agreed payment for length of service and professional experience, and in case of change of the base salary of the employee? Answer: According to the Labor Code (LC) regulations, the employment contract shall contain data for the base salary and the regular additional remunerations, and for the payment timi...
Taxation of a stolen vehicle
28.10.2011Question: Our company vehicle was stolen recently. It was bought 3 years ago and we have used the right for the tax credit. Our insurance company acknowledged the damage and paid the respective compensation. But our accountant said that we must pay back the tax credit. How come we lost the truck and at the same time pay the tax back? Answer: Based on the accounting the stol...
Penalty under a contract for qualification upon leaving of the employee
17.10.2011Question: We concluded a contract with an employee of ours for retraining, and in the contract we agreed that he shall work for the company two years after finishing the training course, otherwise – a penalty is due. In return, the company covers its training fee and his transportation costs. When finished the course, he was appointed to a new position, according to his new skills. Worked...
How are translator’s incomes from translation services charged (translation of documents)?
11.10.2011Question: I am a translator and I have some contracts with different translation agencies to perform translation of various documents, submitted by their clients. According to the PITA when determining the taxable income, I am allowed to deduct some normative costs – 40% in case the income is related to copyright, and 25% in case it comes from freelance activity and personal service contr...