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Back-Office Operations in Armenia: Costs, Models and Trade-offs for International Companies

Back-Office Operations in Armenia: Costs, Models and Trade-offs for International Companies

International companies increasingly evaluate back-office operations in Armenia for accounting, payroll, statutory reporting and other finance functions. For international companies, Armenia combines a UTC+4 time zone, a local finance talent pool, relatively low salary costs and a business environment that permits full foreign ownership. But cost alone does not determine whether Armenia is the right location for […]

Tax Classification of Expenses: A Review of 10 Common Transactions

Tax Classification of Expenses: A Review of 10 Common Transactions

Proper tax accounting is extremely important in the process of business establishment and development. Knowledge of tax accounting regulations and legislative specifics will also help differentiate between deductible and non-deductible financial expenses from a tax perspective. Correct application of such classification is essential for any business, primarily because it supports the accurate declaration of tax […]