Asset registration for newly built plants – problematic situations

There are situations in which newly built assets are recorded in the accounting ledgers as a single fixed asset, without taking into consideration the fact that there are different building bodies, special constructions and installations that should be treated distinctly. This has direct implications not only in the amortization rate, but also in [...]

By |2019-07-12T07:58:20+00:00July 12th, 2019|Smart Facts|0 Comments

Risks in implementing the acquisition of software companies

Risks in implementing the acquisition of software companies – caused by uncertain IP rights. When purchasing a software company, purchasers must verify the IP rights over the software, databases, domain names, trademarks and insignia used, and the storage medium through which the software is provided (servers, cloud, etc.). The IP rights may be [...]

By |2019-07-05T08:15:56+00:00July 5th, 2019|Smart Facts|0 Comments

Control versus liquidity in M&A’s

When preparing for a business sale, the owner of a company should know that control elements are priced differently than synergy elements. When preparing for a business sale, the owner of a company should know that control elements are priced differently than synergy elements and therefore understand the potential buyer’s intentions accordingly, so [...]

By |2019-07-01T13:15:04+00:00July 1st, 2019|Smart Facts|0 Comments

Cultural vouchers – a new way to employees’ loyalty

To strengthen the employees’ loyalty, the employers may newly take into account granting cultural vouchers. To strengthen the employees’ loyalty, the employers may newly take into account granting cultural vouchers allowing the access to shows, concerts or acquisition of books, musical albums and movies (under any form). These vouchers have a preferential [...]

By |2019-07-01T13:33:51+00:00June 21st, 2019|Smart Facts|0 Comments

More buildings acquisitions with 5% VAT and possible effects

More buildings acquisitions with 5% VAT and possible effects. The removal of the limitation for purchasing a single building with 5% VAT rate encouraged the real-estate industry development. As a result, the developers intensified the real-estate project, while some individuals are attracted by real-estate investments. With such opportunities, the parties may slip into [...]

By |2019-07-01T13:38:00+00:00June 15th, 2019|Smart Facts|0 Comments

Speeding up return of the reparation received by a former employee

Speeding up the return of the reparation received by a former employee following the annulment of the court decision. The HCCJ has determined that the object of the action whereby a former employer requires a former employee to return the reparation received following the enforcement of an annulled court decision is a labour [...]

By |2019-07-01T13:40:44+00:00June 7th, 2019|Smart Facts|0 Comments

Project management – gain or loss?

The benefits of Project Management (PM) services in cost control and risk mitigation. The benefits of Project Management (PM) services in Romania, are mostly appreciated by multinational companies, as such services reduce their level of risk in real estate investments. Romanian investors still consider these services as an additional cost without added value, [...]

By |2019-05-31T09:17:45+00:00May 31st, 2019|Smart Facts|0 Comments

Benefits of public companies

Shareholders of public companies have valuable benefits from going public. The Romanian capital market has developed as a consequence of the real economy growth, and the number of public companies rose significantly. The owners ripped the benefits of going public, by the increase in the market values of their companies and by [...]

By |2019-05-22T11:53:12+00:00May 22nd, 2019|Smart Facts|0 Comments

Enhancement of tax inspections in the field of transport

Tax inspections have recently been carried out at the level of several Romanian transporters, resulting in the reclassification and taxation of the daily allowances as salary income. In the context of recent tax inspections, we recommend that companies operating in the transport sector undertake a thorough analysis to determine whether they are at [...]

By |2019-05-20T10:42:53+00:00May 16th, 2019|Smart Facts|0 Comments