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Accounting reconstruction in a company: when it’s necessary and how we work

Accounting restoration is a complex process aimed at bringing a company’s financial records into order, eliminating errors, and generating accurate reports for past periods. This service is in demand among both new companies and existing organizations facing accounting issues.

The reasons why a company may need accounting restoration vary: the absence of an accountant, incomplete accounting of transactions, lost documents, accounting errors, incorrect reporting, or the transition to a new accounting system. Any of these situations can lead to fines, tax risks, and a distorted financial picture of the business.

Accounting restoration begins with a full diagnostic—we analyze the current state of the accounting system, reviewing source documents, cash transactions, bank statements, tax calculations, and personnel data. At this stage, discrepancies, missed transactions, and potential violations are identified.

Following the analysis, we gradually bring the accounting system into compliance with the requirements of the legislation of the Republic of Uzbekistan. We restore missing documents, correct accounting errors, create correct ledgers, and recalculate tax liabilities. If necessary, we resubmit revised reports.

Particular attention is paid to primary documents, as they form the basis for accounting. We request missing confirmations from counterparties, reconcile balances, and ensure the accuracy of all business transactions.

The final stage is the transfer of fully restored accounting to the client: with organized documents, correct ledgers, and up-to-date tax calculations. We also provide recommendations for future accounting to prevent similar situations from arising again.

Accounting restoration services allow companies to avoid fines, mitigate risks, and obtain a transparent financial picture. This is the optimal solution for companies looking to start fresh and establish stable financial accounting.

 

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International accountant’s day

Every year on november 10th, accountants around the world celebrate their professional day. This is more than just a date on the calendar—it symbolizes respect for the work of the professionals who oversee financial flows and ensure orderly accounting.

The history of this holiday dates back to the 15th century, when Luca Pacioli, an Italian mathematician and monk, published his book “On Accounts and Entries.” This work is considered the foundation of the modern accounting system and double-entry bookkeeping, without which it is impossible to imagine any economy.

A modern accountant is a broad-based expert: they know not only accounting but also taxation, labor law, IT tools, and financial management. In Uzbekistan, this profession is becoming even more important with the transition of businesses to digital reporting and the tightening of requirements from tax authorities.

An accountant’s work requires attention, perseverance, and a high degree of responsibility. After all, the company’s financial stability, timely tax payments, and partner trust depend on the correctness of their actions.

Let this day be an opportunity to express gratitude to all accountants for their meticulous work, their ability to maintain balance and confidence even in the most challenging situations.

 

Zero report submission

A zero report is a mandatory accounting and tax reporting form that companies and sole proprietors must submit even if they are inactive. Many people mistakenly believe that if a company has conducted no operations, there is no need to submit reports. In fact, Uzbek law requires timely reporting, even if all indicators are zero.

Submitting a zero report confirms that the organization has not conducted any business activity and has had no income, expenses, or liabilities. This reporting demonstrates to tax authorities that the company is dormant while still complying with all legal requirements. Failure to submit a zero report on time may result in fines and the freezing of a bank account.

Our company provides professional services for the preparation and submission of zero reports for legal entities and sole proprietors. We handle all stages—from accounting analysis to the generation and submission of reports through the my.soliq.uz system or other official channels.

We carefully verify the accuracy of registration data, taxpayer status, statistical codes, and tax system to ensure error-free reporting. Depending on the type of ownership and tax regime, we prepare a full package of documents: a zero balance, a financial performance report, a profit tax return or a single taxpayer tax return, and a social security contribution report.

Our specialists monitor current changes in Uzbek legislation to ensure your reports comply with all requirements. We guarantee accuracy, efficiency, and confidentiality. Even if a company is inactive, it is important to maintain accurate financial statements—this allows you to maintain your legal entity status and avoid fines.

Why entrust your zero reporting to professionals:

  • Time savings—you are freed from bureaucratic procedures.
  • Error-free—reports are generated according to current forms and requirements.
  • Protection from fines and account blocking.
  • Timely reporting without reminders.
  • Confidentiality and Professional Responsibility

Even if your company is temporarily closed, filing a zero return is a responsibility that cannot be ignored. We will help you complete all the paperwork correctly, on time, and safely.

With us, you can be confident that your business’s accounting is completely under control. We support our clients through every stage—from company registration to accounting restoration and reporting.

 

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Accounting Services for IT Companies

Accounting services for IT companies include a full range of services, from maintaining primary documents and payroll to preparing tax reports and interacting with regulatory authorities. The main distinguishing feature of these companies is the specific nature of their transactions involving intellectual property, service exports, licensing agreements, and settlements with foreign partners.

Our specialists are well-versed in the specifics of IT taxation in Uzbekistan. We consider all the nuances associated with the application of tax incentives for IT companies, accreditation with the Ministry of Digital Technologies, IT service exports, and foreign exchange transactions. This allows us to develop an optimal accounting model and minimize the tax burden without violating the law.

As part of our accounting services for IT companies, we provide the following services:

  • Setting up and maintaining accounting and tax records
  • Preparing and submitting reports to tax and statistical authorities
  • Calculating wages, vacation pay, bonuses, and social contributions
  • Managing foreign exchange transactions and accounting for export contracts
  • Audit support and interaction with tax authorities.
  • Consulting on the application of benefits and regulatory requirements.

Accounting automation is one of our key areas. We implement modern solutions based on 1C and other programs, reducing manual labor, accelerating data processing, and minimizing errors. This is especially important for IT companies, where all processes are built on digital technologies and transparent analytics.

By partnering with us, clients receive not just an accountant, but a full-fledged partner who helps them build financial processes efficiently and effectively. We handle all accounting tasks so that the team of IT professionals can focus on their core business—developing, implementing, and selling digital products.

Accounting services for IT companies guarantee peace of mind, transparency, and confidence in the future of your business.

 

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Accounting Restoration

Accounting restoration is a comprehensive service aimed at bringing a company’s financial records into full order. It is necessary if accounting records were kept with errors, partially lost, or not maintained at all for a certain period. This situation often arises after a change of accountant, during a prolonged company downtime, or after an internal audit that reveals discrepancies.

Our specialists conduct a full accounting audit: they analyze source documents, tax reports, and data from accounting software. Based on the audit, a restoration plan is developed, identifying which periods require adjustments and which documents need to be restored or re-requested.

We restore accounting records in strict compliance with the legislation of the Republic of Uzbekistan and the requirements of the State Tax Committee. If necessary, we correct previously submitted reports, prepare revised declarations, and submit them to regulatory authorities. Upon completion of the work, the client receives a complete and transparent accounting database, ready for audit and further management.

. Accounting and tax accounting audit
. Restoration of primary documents
. Reporting adjustments and filing amended returns. Preparing up-to-date data for ongoing operations.

We help companies of all sizes—from small businesses to large enterprises—restore their accounting records and avoid penalties. Timely accounting restoration ensures financial stability and transparency.

 

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LLC Accounting Services

Limited Liability Company (LLC) services include a comprehensive set of accounting, tax, and legal services necessary for the stable and legal operation of a company. We support entrepreneurs at every stage—from setting up accounting to submitting reports to regulatory authorities.

Our specialists ensure accounting in accordance with the requirements of the Republic of Uzbekistan, monitor cash flow, and calculate taxes and employee payroll. We also prepare and submit all mandatory reports—tax, statistical, and personnel.

Working with a professional accounting firm allows you to avoid fines, calculation errors, and audit failures. You can focus on your business, while we handle all the routine work.

Our main services for LLCs:
• Accounting and tax accounting
• Report preparation and submission
• Payroll and HR accounting
• Interaction with tax authorities and funds
• Consulting and tax optimization
• Accounting automation and 1C setup

We work with companies of all sizes, from small businesses to large organizations. We guarantee accuracy, confidentiality, and a professional approach.

 

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Liquidation of the company in Uzbekistan

In Uzbekistan, the liquidation procedure is regulated by the Civil Code of the Republic of Uzbekistan, as well as resolutions of the Cabinet of Ministers and the requirements of the State Tax Committee. The process can be voluntary — by the decision of the founders, or compulsory — by a court decision if the company violated the law, had large debts or did not operate.

The stages of liquidation include:

  1. Making a decision to close the company and appointing a liquidation commission.
  2. Notification of tax authorities, banks and foundations.
  3. Conducting a tax audit, inventory of property, and settlements with counterparties.
  4. The publication of a liquidation announcement so that creditors can make their claims.
  5. Submission of final reports, closing of current accounts and exclusion of the company from the Unified State Register.

After completing all the stages, the company officially ceases to exist, and the founders receive documents confirming the closure.

Liquidation makes it possible to legally terminate the company’s activities, avoid sanctions for non-payment of taxes and preserve the reputation of the owners.

 

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Company liquidation service in Uzbekistan for Russian businessmen

Russian entrepreneurs doing business in Uzbekistan are often faced with the need to close a company, whether due to a change in strategy, completion of a project, or business reorganization. The liquidation process in the republic requires strict compliance with the law, so it is important to entrust it to experienced specialists familiar with local regulations and administrative practices.

The liquidation of a company in Uzbekistan includes several key stages: making a decision by the founders, notifying government agencies, publishing information about the liquidation, conducting a tax audit, closing bank accounts and de-registering with the State Tax Committee. Each step requires competent legal support, as errors or delays can lead to additional costs and extended deadlines.

It is also important for Russian businessmen to take into account differences in local tax and corporate law. Uzbekistan has its own specifics of the liquidation balance sheet, as well as reporting requirements to the State Tax Committee and extra-budgetary funds. Therefore, many companies prefer to entrust the process to professional consultants who ensure transparency of all procedures and complete documentary support before exclusion from the Unified State Register.

The advantages of contacting a specialized company are obvious: minimizing risks, saving time and ensuring compliance with all legal requirements. The client receives a ready result — the complete closure of the company with official confirmation, without the need to personally interact with government agencies.

If you are a Russian entrepreneur who is ending his business in Uzbekistan, a professional company liquidation service will help you go through the entire process legally, safely and without bureaucratic difficulties.

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Advantages of accounting outsourcing in Uzbekistan

Accounting outsourcing is becoming more and more in demand among entrepreneurs in Uzbekistan. Instead of hiring a full-time accountant, many companies outsource accounting to specialized firms. This approach allows you to significantly reduce costs and improve the quality of accounting services.

The main advantage of outsourcing is savings. Businesses do not need to pay salaries, taxes and social contributions for an accountant, buy licensed programs, pay for training and advanced training. All these costs are already included in the cost of servicing the outsourcing company, while the client receives a comprehensive service — from primary accounting to tax reporting.

Another important advantage is professionalism and reliability. Specialists of such companies constantly monitor changes in the legislation of the Republic of Uzbekistan, have up-to-date knowledge in the field of taxation and accounting. This reduces the risk of errors and penalties during inspections, and also allows you to use legitimate ways to optimize the tax burden.

In addition, accounting outsourcing provides flexibility and convenience. An entrepreneur can choose only those services that he really needs: payroll, accounting, preparation of declarations or full accounting. This is especially convenient for small and medium-sized businesses, where a combination of quality and economy is important.

Thus, accounting outsourcing is not just a way to reduce costs, but an effective management tool that helps a company focus on development and growth by transferring all routine tasks to professionals.

How to find a good accountant in the Uzbek market

Today, accounting is not just about keeping reports, but a key element of business stability and legality. An accountant’s mistake can cost fines, account blocking, and tax problems. Therefore, the choice of a specialist should be informed and based on proven criteria.

Experience and qualifications

The first thing you should pay attention to is your work experience in Uzbekistan. The legislation of the country has its own peculiarities: calculation of VAT, turnover tax, reporting procedure through soliq , the use of electronic invoices and fiscal receipts. A good accountant should confidently navigate the regulations of the Ministry of Finance, the Tax Code and the rules of the SRS.

It is important to clarify whether the specialist has practical experience in your field — trade, services, manufacturing or import. Understanding accounting nuances such as cost, inventory balances, currency transactions, and tax benefits depends on this.

Responsibility and transparency

A conscientious accountant does not promise “zero taxes” and does not offer questionable schemes. He works within the law and always explains to the client what decisions are being made and why. A sign of reliability is the existence of a contract that specifies responsibilities, deadlines for reporting, and responsibilities of the parties.

Modern tools

A good accountant today does not keep records “in a notebook.” He uses licensed programs: 1C: Accounting Uzbekistan, BAS, Soliq.uz , e-Qaror. Having the skills to work in these systems speaks to professionalism and accuracy. Please specify whether the specialist has an electronic digital signature (EDS) and access to the taxpayer’s personal account.

Reputation and recommendations

There are many private specialists and outsourcing companies in the accounting services market in Uzbekistan. Before choosing, you should check the reviews and request recommendations from existing customers. It is often safer to work with a company that has a team of accountants and internal quality control — this way you are protected from human error and can count on constant support.

The format of cooperation

You can hire a full-time accountant or outsource accounting. For small and medium-sized businesses, the second option is often more profitable: fixed pay, no tuition and vacation expenses, and a guarantee of timely reporting. At the same time, the outsourcing company’s services can be expanded to include personnel accounting, payroll, reporting restoration, or tax audit.