If you decide to postpone this step to “later” and wait for the first clients, it is a big mistake!
All legal entities, commercial and non-commercial organizations, must take care not only of the tax registration, but also of the bookkeeping in advance. Legal entities and self-employed persons in Austria that are entered in the commercial register must keep accounting records. If the company has employees, it is compulsory to pay monthly salaries, taxes and social security and pension insurance contributions according to a special scheme. The accounting system is always subject to changes in legislation, so hiring professionals to provide this type of service is the best solution.
There are many advantages of such accounting outsourcing, because it not only saves money (accounting costs can reduce your company’s taxable base) but also saves time and space. In addition, the firm to which you outsource your bookkeeping, works continuously and has a team of highly skilled experienced professionals