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You do what every company that has to follow GAAP on top of other accounting rules does, two books, properly audited and bridged. Maybe that stuff isn't straigh
by hef19898 4y ago
You do what every company that has to follow GAAP on top of other accounting rules does, two books, properly audited and bridged. Maybe that stuff isn't straight forward for everyone, it is for pros in the field. It serves to have those pros do these jobs for you. Like, you know, a professional company.
And yes, using the correct software suits and processes, intra EU VAT is straight forward and done by litteraly thousands of small businesses every single day. And then there is the less straight forward aspect around optimizing taxes and VAT. But that last bit seems not to be the problem here, is it?
- azmodeus 4y agoYou seem to know a lot about EU VAT,can you recommend any companies, toools, or resources to learn more?
- hef19898 4y agoThose folks used to have some resources on their website: https://macocustoms.sgs.com/?lang=en https://macocustoms.sgs.com/?lang=en All my experuence comes from running the logistics and supply chains cross border and being involved in the proper system and reporting set-up. One of the lessons learned: get proper tax and customs experts, and do what they say. Also get proper accounting experts.