Read this article to get detailed information about the employment contract and its content, parties, form and duration of the contract. Labor contract and its parties Labor contract is a written contract concluded between an employee and an employer on an individual basis and reflects the rights and duties of the parties and the basic conditions of labor relations. By concluding a written employment contract with the employer individually, the employee is...
It is necessary to go through various stages for the preparation of financial statements. In this article, we talked about these stages and the importance of financial statements. Why is it necessary to prepare financial statements? Financial statements are important documents for measuring the financial and economic performance of a company. Financial reporting, measuring the company's financial health, tracking income and expenses, minimizing expenses and properly planning, organizing revenue growth,...
Businesses need an efficient and integrated management system to grow and develop. ERP systems stand out here. Through these systems, important processes such as project management, monitoring of production processes, risk management and so on are managed through a single software. This article explains what ERP systems are and why they are so important to your business...
Labor relations are regulated by the Labor Code. The employment contract can be terminated only in the cases and in the manner determined by the Labor Code. In what cases can the employment contract be terminated? According to the Labor Code, the following are grounds for termination of the contract: Initiative of one of the parties - employer or employee; Expiration of the time specified in the employment contract; Changing the conditions of working conditions; The owner of the enterprise...
The charter fund of the company The minimum volume of the charter fund of open-type companies is 10 million manats, and the minimum volume of the charter fund of closed-type companies is determined in the amount of 5 million manats. The amount of the charter fund must be formed within one year and the shares must be state registered. According to the decision of the general meeting of shareholders, the amount of the charter fund can be changed. General meeting on this issue...
A joint-stock company means an enterprise created on the basis of a voluntary agreement of individuals or legal entities to carry out economic activity. The authorized fund of this enterprise is formed by issuing shares. Establishment and activity of joint stock company is regulated by the Law of the Republic of Azerbaijan "On Joint Stock Company". What forms of joint stock company are there? The joint-stock company is open and closed type, 2...
Unwitting mistakes in accounting can lead to serious losses for a business. Failure to keep track of legal changes, malfunctions in automated systems, poor controls, problems in accounting operations are some of these errors. In this article, we will talk about the most common accounting mistakes and their consequences. Error in management Internal and external audit problems. Insecurity of external parties. Financial statements that are not prepared correctly and accurately...
The cash method is one of the 2 main methods of accounting for income and expenses. In this article, you can get information about the basic principles of accounting with the cash method, the timing of income and expenses. The procedure for accounting of income and expenses, according to Article 130.1 of the Tax Code, the taxpayer, based on documented information, for the purpose of accurate reflection of taxable income (profit)...
Dividend is the distribution of the net profit of a legal entity in favor of its shareholders (founders) or shareholders, as well as the distribution of assets (property) formed at the expense of the net profit when the legal entity is liquidated, as well as money related to the redemption of shares (shares) within the limits of the nominal value increased by the net profit. or payment made in the form of other payments. In terms of net profit, simplified taxpayers...
Consulting services are defined as the identification of gaps in its internal management systems for business development, the company's financial and tax planning, services related to legal issues, budget management, and providing professional support services. Let's take a closer look at these services. Tax planning. Sometimes, even though there are certain tax advantages and exemptions, companies are not aware of it....
© 2024, Macis Consulting. All rights reserved.
© 2023, Macis Consulting. All rights reserved.
