The fears of the Romanian entrepreneur are not a sign of weakness. They naturally arise in an environment where tax legislation changes rapidly, decision-making pressure is constant, and finding a balance between growth, control, and financial stability is never simple. For growing entrepreneurs, fear is not the enemy — lack of clarity is.…
What is Automatic VAT registration? VAT registration is usually a voluntary or compulsory process when certain thresholds or conditions are met (e.g. exceeding the 300,000 lei threshold). However, in certain situations, ANAF may decide to register a taxpayer ex officio – without the taxpayer’s request. This procedure is applied, for example, when the taxpayer has behaviours that indicate that registration is mandatory, but refuses or intentionally avoids this step. What is new in ANAF Order 7032/2024? The key change introduced…
Cash flow management is essential to the success of any small business. Even if revenue is good, poor cash flow management can lead to financial difficulties. Cash flow represents the total amount of money coming in and going out of your business and is a key indicator of your company’s financial health. In this article, we will explore practical strategies to effectively manage cash flow and avoid pitfalls that can affect the operation of your business. 1. What is cash…
Micro enterprise conditions 2024-2025 Micro enterprise conditions 2024-2025 have been significantly updated by key pieces of legislation, such as GEO no. 31/2024, HG no. 1393/2024 and Ordinance 156/2024. If you manage or own shares in a company, it is important to be aware of all the new rules that may affect the tax regime of your microenterprise. This guide gives you all the essential information on microenterprise conditions, with concrete examples. 1. General rules for micro enterprise The main conditions…
Cash receipts and payments ceilings 2025 – Rules and sanctions According to Law no. 70/2015 on the strengthening of financial discipline and GEO 115/2023, the ceilings for cash receipts and payments in 2025 are strict. These measures aim to limit cash transactions and incentivize electronic payments, contributing to financial transparency. Daily ceilings for cash receipts and payments According to Art. (1) of Law no. 70/2015, cash receipts and payments shall be made under the following conditions: 1. Transactions between legal…
The difference between PFA and LLC: Which option is right for you? When you decide to start a business, one of the first choices you have to make is its legal form. The most common options for entrepreneurs in Romania are PFA (Persoană Fizică Autorizată) and SRL (Societate cu Răspundere Limitada). But which of PFA and SRL is right for you? This article gives you a detailed comparison to help you make an informed decision. What is a PFA? A…
On April 8, 2025, at Hotel Unirea in Iași, entrepreneurs and experts from across the country gathered for the event “Secrets of the Successful Entrepreneur – SAS,” organized by IMM Club. The central theme? “Business Decisions: Informed Entrepreneur vs. Intuitive Entrepreneur” – a timely debate, especially in an economic climate where uncertainty calls for both intuition and, above all, strategy. The event was moderated by Liviu Sav, FCCA, and featured speakers such as Adi Ploscaru and Dan Mocanu, who spoke…
