Service accounting, audit
MSI Global Alliance announces new CEO
What Small Businesses Need to Survive the Coronavirus Crisis
It’s important that small businesses weather the pandemic. Here are three ways entrepreneurs can protect themselves. Secure liquidity In order to combat this short-term challenge, small business owners should advocate for efforts to provide immediate liquidity and keep businesses solvent. Ensure access to capital For franchise businesses, liquidity is just part of the equation. In order to help small businesses make payroll and cover expenses — including paid sick leave, paid FMLA, and loan repayment — a relief plan tailored to small businesses is in order. Engage with policy-makers The method is less important than the message, and the message is this: small businesses are the lifeblood of our communities and economy; we need relief in the midst of this crisis. Accessing the capital you need and maximizing liquidity now are the most important things we can do to survive; getting that message to legislators who hold the key to our economic future is how we do it.
Aldagi will help its Clients to Obtain Services of Financial Office
Insurance company Aldagi significantly finances its client companies to purchase services of Financial Office. A long-term memorandum of understanding has been signed between Aldagi and Financial Office, under which Aldagi will allocate a co-financing budget of 100,000 GEL to its clients, which means that Aldagi will significantly assist its client companies in obtaining services of Financial Office. “Our goal is to help our client companies to operate, so they can successfully function, expand and grow their businesses. We are ready to work with different leading provider companies to offer our customers the most customized services and prices, ”_ said Giorgi Baratashvili, CEO of Aldagi . Audit Company Financial Office is a member of MSI Global Alliance, a leading international alliance of independent accounting and law firms, and is the only representative in Georgia offering both accounting and auditing, and tax services to its users.
IFRS Standards & IFRS for SMEs
On January 1, 2017, the Law on Accounting, Reporting and Auditing came into force, according to which the use of International Financial Accounting Standards (IFRS) is mandatory in accounting and financial accounting. Based on the agreement between the Accounting, Reporting and Auditing Supervision Service of Georgia, the Federation of Professional Accountants and Auditors of Georgia (FPA) and the International Financial Reporting Standards Foundation (IFRS Foundation), IFRS standards translated into Georgian by the FPA have become available to interested parties. See IFRS Standards (IFRS Standards, IFRS for SMEs Standard) at the following link.
Financial Office Became a Member of the International Association MSI GLOBAL ALLIANCE!
On June 1, 2015, the audit company Financial Office became a member of MSI Global Alliance, the leading international association of independent accounting and legal companies, which is represented by 240 firms in 100 countries worldwide.
Gino Paradise Has Joined our List of Clients
In January 2015, an audit service agreement was signed between the audit company Financial Office and the multifunctional aqua park Gino Paradise Tbilisi.
Financial Office’s Professional Risks are Insured by GPI Holding
Since 2015, the audit company Financial Office’s professional risks have been insured by the insurance company “GPI Holding” to implement high standards of security and protection. The annual total limit for audit and accounting liability insurance is 1,000,000 GEL. The insurance fully covers tax penalties and fines imposed on our clients by tax authorities due to our fault. It is noteworthy that 4 years have passed since the establishment of Financial Office, and no tax sanctions have been imposed on clients by tax authorities due to our fault, which is undoubtedly the merit of our highly qualified and highly responsible personnel employed in our company.
World Brand in our Client List
On September 11, 2014, an accounting services agreement was signed between the auditing company Financial Office and Subway, the world’s largest fast-food brand. According to current data, Subway has surpassed the global fast-food brand McDonald’s in the number of restaurants worldwide. Based on statistical data, Subway has 39,747 branches in 101 countries worldwide, while McDonald’s is represented by 34,000 branches in 119 countries. Source: US Finance Post
Business Support Program for Newly Registered Companies
The Business Administration Support Center implements a business support program nationwide in Georgia for enterprises registered in 2014, which includes supporting new enterprises with consulting services. The business support program aims to support business entities in Georgia at the initial stage of their activities, which will help them properly plan future strategic and financial plans. Within the framework of the program, entrepreneurs receive competent advice and practical assistance from business administration support specialists without any costs. Consulting services for beginning entrepreneurs extend to the areas of business accounting, tax and commercial regulations. Specifically for companies participating in this program, a 50% discount will be applied to the accounting service packages of the auditing company Financial Office, which will significantly reduce tax risks and financial expenses for accounting for newly registered companies. Within the framework of the program, entrepreneurs will receive accounting forms adapted to their business activities, legislative base and contract templates. Please note that only companies registered in 2014 can participate in this program. Entrepreneurs wishing to participate in the program must complete the registration application.