Though Russia is increasingly adopting International Accounting Standards, much current Russian Accounting practice can seem archaic and complicated. This means if you wish to establish an organisation you will need an accountant from the outset. As well as quite complex financial issues, accountants are usually also responsible for tax assessment and payments in respect of your company’s tax liabilities. The related tasks include:

• Definition of your project’s main business and choosing the right accountant
• Choosing between in-house or outsourced accounting
• Setting up proper accounting software and its maintenance, since the changes in Russian Accounting Rules and Taxation are frequent and sometimes dramatic!
• We will also ensure that your accountant develops an active relationship with your Tax Inspectors as this can be beneficial under certain adverse circumstances

Good accounting makes any business endeavour easier, and the RR is happy to advise or find the right accountant for you.