Accounting and Financial Management: Two Key Pillars of Financial Success
In today’s business environment, where competition is continuously intensifying and financial regulations are becoming stricter, a company’s success is increasingly dependent on the accuracy of its financial information and the quality of decisions made based on that information. Frequently, especially within small and medium-sized enterprises (SMEs) – the functional distinction between two fundamental financial disciplines, […]
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Tax benefits for entities with the status of innovative startup, innovative small and medium-sized company, and company providing research and development services
On June 27, 2025, an amendment to the Tax Code of Georgia (Law of Georgia 719-IIMS-XIMP) was published and will enter into force on September 24, 2025, according to which the following Part 147 was added to Article 309 of the Tax Code, according to which: the legal basis for tax benefits for persons with […]
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How artificial intelligence is changing the future of small business
In recent years, the world has been undergoing radical changes in many directions. At the epicenter of this transformation are digital technologies and artificial intelligence (AI). While such trends were once visible only in large corporations, today they have become accessible to small and medium-sized enterprises (SMEs) as well. Moreover, in SMEs, AI is no […]
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Loialté has created a program to support small and medium-sized businesses, Loialté 4SME.
Auditing and consulting company Loialte has created the Loialte 4SME program, which aims to support and develop entrepreneurs working in this sector. Loialte 4SME activities are intended for both existing and potential customers of the company and combine all the main areas that challenge and hinder small and medium-sized businesses in their development and growth […]
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Taxation of a virtual zone person
The purpose of the Virtual Zone Person status and related tax benefits is to attract investments and create an attractive environment for those working in the field of information technology. A virtual zone entity is a legal entity that carries out information technology activities and has been granted the appropriate status. Activities in the virtual […]
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Accounts Receivable and Case Law
In the ever-changing business environment, there are frequent cases when one business entity supplies products/services to another entity. The latter either avoids or unreasonably delays the fulfillment of its obligations under the contractual relationship. Accounts receivable is a company’s claim that arises for many different reasons when dealing with individuals or legal entities, mainly as […]
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What is and how to sign a tax agreement?
If a taxpayer is found to have a tax debt, which may have arisen as a result of a tax audit and has not been reduced even after going through the stages of tax disputes, they have the right to apply to the Revenue Service for a tax agreement. A tax agreement may be signed […]
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International company status and preferential taxation
Georgian tax legislation offers significant tax incentives to Georgian and foreign companies operating in the information technology and maritime sectors. To benefit from the preferential taxation regime, a company must have been granted the status of an international company. In this article, you will learn about the rules and principles of preferential taxation related to […]
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What triggers an audit and what should you do if you receive an audit notice?
Errors or inconsistencies in the tax return result in questions and arouses the interest of the Revenue Service. It is known that Revenue Service, Automated Tax Data System Through it, it develops risk criteria and determines the items to be tested. A certain number of objects. The reason for the inspection may be: a sharp […]
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Inventory and related challenges
Effective asset accounting and control is essential for sustainable business development. Many challenges in business are caused by both internal and external factors. Managing and preventing risks caused by external factors in some cases does not only depend on making the right decisions in the business and implementing them, which is absolutely the opposite in […]
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