Find out if your type of business should follow EU or national accounting rules. Small companies with no more than 50 employees enjoy simplified accounting rules and micro-companies even simpler rules - depending on the where your company is based.

Accounting rules and standards

Prepare your account in accordance with the International Financial Reporting Standards (IFRS). Non-EU firms trading with the EU are recommended to follow IFRS or equivalent national accounting standards.

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Annual accounts


​Keeping annual accounts is not only a legal obligation, it enables you to monitor the health of your business by keeping track of receipts and expenses.

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