Payroll fraud is a critical issue that can affect businesses of all sizes. It involves the manipulation of payroll processes and records to unlawfully acquire funds, often resulting in significant financial losses. This article explains what payroll fraud entails, its various types, the dire consequences businesses face when it occurs, and effective strategies to prevent […]
In the modern world, work is an integral part of most people’s lives. However, sometimes, there are situations when it is necessary to terminate the employment relationship between an employee and an employer. In such cases, you can use the dismissal procedure by the parties’ agreement. Dismissal by agreement of the parties is one way […]
Certain restrictions and difficulties arise when using payment systems such as PayPal in a number of countries. In Belarus, issues related to the use of PayPal remain relevant for employers and employees. This article consider the possibility of using PayPal to pay salaries in Belarus and the specifics of this process. About the PayPal payment system […]
The job description is a critical document that defines the duties and responsibilities of an employee in a specific position in the company. It provides a clear definition of employees’ functions and the requirements for their work in Belarus. In this article, experts explain what a job description is, how it is used for the […]
The international payment system Mir has gained popularity in the post-Soviet space over the past 10 years. Questions arise about the possibilities of international settlements and salaries being received on the cards of this system, about the use of the MIR card in Belarus and abroad. Spex Advisers specialists explain the features of MIR cards […]
Creating your own IT company is an exciting and promising path for entrepreneurs who want to thrive in the field of high technology. The IT industry’s rapid development in Belarus makes opening a business in this area increasingly attractive. Belarusian legislation does not provide a separate way to open IT companies, IT companies are registered […]
Knowledge of the specifics of taxation is one of the critical aspects of the successful operation of any company, including IT companies in Belarus. It is essential to understand the specifics of the tax system to optimize the tax burden, comply with the law and avoid fines and other negative consequences. In addition, assistance in […]
The main asset of an IT company is its employees, and experienced managers realize that they need real professionals to create a world-class product. However, in the early stages of development, startups often cannot afford to provide employees with high salaries, a system of bonuses, provided meals in the office or other privileges. However, such […]
Salary payment issues are related to employee loyalty and are controlled by government agencies. Since January 1, 2024, there have been changes in the procedure for paying salaries in Belarus. In order to prevent employee complaints and inspections by government agencies, it is important for employers to follow a certain procedure. We recommend that you […]
The accounting service for IT companies in Belarus provides specialized accounting services, tax support and financial consulting, as well as personnel records management. Our accountants speak English and have extensive experience in interacting with financial institutions on money transfers to Belarus. Taking into account the specifics of IT companies’ activities, our service provides companies with […]
Foreign companies seeking to expand in the Republic of Belarus, first of all need to open an account in a local bank. Next, you will find a complete guide to the paperwork, the steps that need to be taken to open an account without difficulty. Types of accounts for global level businesses A foreign legal […]
By Daria Fedorova
13.11.2023
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