Public Institution "Lazdijai Tourism Information Center"

Training "Business Profitability and Financial Management for Growth"

Training

Registration: https://tinyurl.com/57d3mkwu

We invite you to practical training, where we will talk about how to assess the profitability of your business, plan taxes, and manage finances so that your business can grow.

Training plan

Annual view of operations and finances. Why doesn't one month's income show the whole situation? How to assess the year's income, expenses, liabilities and cash flows?

Revenue, costs and profitability. Which activity or service is making money? Where is money or time being lost? What can be changed to make the activity more efficient?

Taxes by form of activity. We will discuss the main differences when working with a business license, individual activity certificate, through MB and UAB.

How much money is left personally? We will talk about how operating income and the chosen payment method affect personal taxes. We will discuss MB member payments and briefly review the principles of remuneration and dividends in UAB.

Corporate income tax and rates. How is taxable profit determined, what expenses are included, and when do different rates apply?

VAT accounting and obligations. When may VAT obligations arise, what documents and declarations need to be processed and what should you pay attention to?

Social guarantees. How are the form of activity and contributions paid related to health insurance, length of service and social insurance benefits?

Decisions based on their numbers. Each participant will evaluate one issue relevant to their activities and plan a specific action that they can apply to their business.

What will you learn?
You will have a better view of your financial and tax situation for the whole year, understand how much your activity earns and what payments are due. You will have a clearer assessment of how much money you can personally leave, what tax obligations apply to your form of activity and what social guarantees the contributions you pay provide. Practical tasks will help you notice where money or time is being lost and choose one specific solution that is worth implementing.

Lecturer Elvyra Kudrešovienė is a tax consultant and founder of the brand "Finansų baba". She specializes in the areas of small business taxes and personal finance. She explains complex legal requirements not through dry theory, but through real practical situations and specific calculations.

Organizers: Innovation Agency and Entrepreneurship Center "Spiečius".