How valuable is your company in Norway to you? Cooperating with an authorized accounting office may be the most important key to your success!
February 09, 2024
Novum Økonomi has been operating on the Norwegian market for over 20 years. Why do its employees emphasize the value of collaborating with an authorized accountant in Norway so much? I decided to find out.
The Importance of an Authorized Accountant for Your Norwegian Company
Having an authorized accountant is a key decision that can significantly impact the success and financial stability of any company in Norway. The authorization of an accountant is a confirmation of their skills, knowledge, and adherence to high ethical and professional standards, which is essential for anyone doing business in Norway.
Marta Wojtecka (CEO): An authorized accountant in Norway is obliged to meet the requirements of the Accounting Act. That's obvious. However, in addition, accountants in Norway must undergo annual verification by the Association of Authorized Accountants - Regnskap Norge. An accountant with certification is constantly learning.
Professionalism and Reliability: Why Choose NOVUM?
By deciding to work with a certified accounting office, you gain a guarantee of service professionalism. Accountants at NOVUM, thanks to regular updates on changes in Norwegian legal regulations and accounting standards, not only provide high-quality services but also build trust between the client and the accountant.
Karolina Siwek (accountant): At NOVUM, each accountant has responsibility for their clients. This allows us to build a deep relationship with each of them. Every company is a challenge for us, but thanks to continuous improvement and internal training with authorized accountants, we are able to meet those challenges.
Compliance with Norwegian Regulations: Your Company in Safe Hands
The world of finance and accounting is complex and constantly changing, especially in the context of Norwegian accounting. By collaborating with a certified accounting office, you can be sure that all financial statements of your company in Norway comply with current regulations, minimizing the risk of errors and potential penalties.
Marie Mony Eap (authorized accountant): Interpreting laws and regulations can be complicated if one is not familiar with the legal system and its structure. The legal system is based on laws enacted by the Storting (parliament) and case law developed through the courts. This makes the interpretation complex. Here at Novum, we have thoroughly acquainted ourselves with this extensive field, and we keep ourselves continuously updated on changes, in order to deliver our customers high-quality expertise in the dynamic area that the legal system is.
Tax Optimization: How to Maximize Savings?
One of the key aspects of collaborating with NOVUM is the possibility of tax optimization. Our authorized accountants, with a deep understanding of Norwegian tax regulations, can propose solutions that can bring significant financial savings to your company.
Karol Woźniak (authorized accountant): For my clients, investments and optimization of fees are important. It is thanks to entrepreneurial clients that I learned how to look at a company's finances in the context of future investments and cost optimization.
Strategic Consulting: Invaluable Value for Your Business
Accountants at NOVUM often also act as business advisors. They offer valuable advice on financial planning, investments, business development in Norway, and risk management. Their expertise can be invaluable in making strategic decisions for your company in Norway.
Joanna Lange(accountant): A "regular" accountant usually deals with "just inputting" data and calculating salaries. The NOVUM team serves foreign companies in Norway, so from the start of their work, our accountants also become advisors in many unconventional matters. We are definitely not standard accountants!
Security and Peace of Mind: Why Trust NOVUM?
Knowing that your company's finances are in the hands of an experienced professional from NOVUM, you can focus on developing your business, confident that all accounting matters are handled properly.
Katarzyna Ramberg (owner of NOVUM): I am an entrepreneur in Norway myself. I care that our clients receive advice that will help them develop their business in Norway. Our office takes responsibility for its work and does not leave clients without support.
Summary: An Investment That Pays Off
Collaborating with NOVUM is an investment that brings benefits at many levels – from ensuring compliance with regulations, through tax optimization, to strategic consulting. In the face of increasing regulatory requirements and market complexity, the value of such collaboration is invaluable for every company in Norway.
If you are considering running a company in Norway and know how to sell your services well - half the success is already achieved. However, daily operations consume a lot of time. What about reports, statements, calculating salaries, deducting costs, financial planning? The authorized accounting office NOVUM from Drammen provides:
security
current knowledge of regulations and requirements of Norwegian authorities
support in crisis situations
continuous supervision over the financial situation of the company
daily contact with a contact person
access to accounting programs (including: Tripletex, PowerOffice)
