Our services:

Bookkeeping / Tax accounting

All Russian legal entities are obliged to keep accounting as well as provide tax, financial and statistic reports to the subsequent authorities on timely basis prescribed by the law.

Foreign companies operating in Russia are permitted not to keep financial accounting under Russian accounting standards (RAS) but must maintain tax accounting ledgers. Nevertheless in all accounting software tax accounting ledgers are generated on the base of financial accounting data. In order to keep only tax accounting ledgers for foreign companies accounting specialist has to perform all accounting work as per Russian companies.

This also applies to the companies that didn’t keep any commercial activity, accrue or pay salary and salary related taxes.

Russian accounting and tax legislation is difficult for understanding and some of its standards are not clearly defined and sometimes contradictory. Therefore, for many companies in Russia, especially foreign entities are often difficult to find a specialist who is highly qualified in bookkeeping as well as in tax accounting. Moreover, company’s management in the most cases is not able to adequately estimate professional level of the potential applicants. It is also possible that for some companies there is no sense to pay for full-time employees because of the budget restrictions. That is why more and more companies over the last years use outsourcing services offered by professional service providers such as NORD OUTSOURCING.

NORD OUTSOURCING offers to the clients a full range of services in the field of accounting and tax support. Each client may choose between complex service package and specific accounting and tax services.

The Complex service package includes:

• — payroll services;
• — preparation of primary documents;
• — maintenance of accounting and tax ledgers;
• — preparation of financial reports and tax returns in accordance with RAS;
• — HR services;
• — consulting services;
• — courier services.

Our prices for accounting and tax support are strictly tied to the workload (number of employees, number of documents or accounting entries, etc.) rather than to the time required to do this work. For example, the cost for bookkeeping and tax accounting depends on the number of accounting entries made in accounting software during the month. The cost for complete accounting support consists of the prices for each block of services. We always try to find an individual approach to our client.