ACCOUNTING SUPPORT FOR BUSINESS (FIRM) IN AUSTRIA

ACCOUNTING SUPPORT OF BUSINESS IN AUSTRIA

Accounting outsourcing of companies in Austria is the best option for business owners in Austria. The cost of such accounting support is much lower than maintaining an in-house accountant.

Accounting support in Austria

Most Austrian companies use the services of external accountants.

What are the advantages of accounting firm in Austria? External accounting service in Austria has one very important advantage – an accounting company can guarantee payment at its own expense of all fines in case of incorrect submission of reports or calculation of payments, issued by the controlling body.

Consulting on accounting in Austria in Ukrainian or Russian will simplify the understanding between you and the accountant, make it more accessible for you to understand Austria legislation in the field of accounting and taxes.

In Austria, as in most countries, there are three possible accounting options.

• When a director or an individual entrepreneur independently maintains accounting.

In this option, there are practically no advantages, but there are many disadvantages, in particular, lack of time to directly conduct business, making mistakes due to overload and lack of time to monitor all changes in legislation, etc.

• When an Austrian accountant is included in the company’s staff.

On the plus side, it works only for your business, all the focus is on your finances. Of the minuses, it is expensive (a good accountant can cost 3-5 thousand euros per month), it is difficult to find an accountant and it takes a lot of time due to the specifics of various types of business, and there are no universal accountants. If such an accountant falls ill or resigns, you will immediately have problems because it will be difficult to replace him.

• Accounting support (outsourcing) of business in Austria.

There are no disadvantages if the company you contacted is reliable.

Advantages:: due to the large number of accountants of various specializations, we guarantee a low cost, work 24/7, responsibility for all risks of our accountants is borne by our company, perfect knowledge in almost all types of business, collective discussions of complex accounting or tax issues, service in almost the entire territory of Austria.

Accountant services in Austria include:

• Keeping a tax book of income and fees by an accountant in Austria
• Keeping a trade book for a company in Austria
• Accounting and tax audit of a company (business) in Austria
• Preparation and submission of declarations and reports to regulatory bodies
• Representation of a lawyer and an accountant in the Austrian tax authorities
• Keeping personnel records, calculation of salary, payment of relevant taxes for employees, submission of personnel reports
• Import-export operations (WDT, WNT)
• Preparation of primary documentation on relationships with counterparties
• Verification of personnel and warehouse documentation
• Making bank payments
• Communication with regulatory bodies

Accounting services in Austria are one of the main areas of activity of Prykhodko and Partners law firm. We clearly understand how Austria legislation works, we will help you choose the optimal tax system for your business, legal optimization mechanisms, etc.