Blog - Creative Finance

Keep up with the events of the Creative Finance world.
September 11, 2020
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At least once in your life, you surely wanted to start a start-up, register your company and start your entrepreneurial life. There is nothing better than the moment when you put the puzzle together and you can turn your own experience, knowledge and skills into a unity that is called a company.
We are all aware that the path of an entrepreneur is not easy at all, that there are a lot of barriers. The positive thing is that despite all the stressful circumstances, there is still a bright spot that we can use. In addition to a bunch of free tools, expert advices and your own intuition, we shall not disregard one area that plays a very important role when starting your own business. That role belongs to your future accountant, no less. 

Accounting services are an important factor when opening a company, which we usually unknowingly neglect. Why is this happening? Because we are preoccupied with bureaucracy, doubts, eagerness and other accompanying techniques that arise. It is for this reason that we may forget the true job description of an accountant.

Let’s look at it this way: for all of us, accounting services are a need and an obligation… That is almost true, but what do we actually need from an accountant when starting a business? We need a connection between us and our business associates (in this case bankers and lawyers).

So, the angle of view is extremely important, as well as your need at that very moment.  You should know that company without accounting is not the best option.
Accounting service can help you when starting a business. That’s right, accounting services leave nothing to chance, everything is exact, precise and useful.

With our assistance be sure that you will not pay for services that do not suit your future business; be sure that we will guide you until the end of process in order to choose the best accounting package.


Please do not hesitate to contact us for any further information.
Creative Finance, because we understand you.


August 5, 2020
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As a business owner, accounting can be very stressful. It might be compared with going to the dentist or exam preparation.  A little inconvenience today often saves a lot of pain tomorrow.
Does that sound a bit cliché? Maybe. But common phrases can offer a surprising amount of wisdom when they’re used the right way.

Once you have an effective bookkeeping and accounting system in place, you’ll have far better results on your company’s financial situation, and you’ll find fewer unpleasant surprises as a result.

Time is Money

Time is a valuable commodity, so we should be as quick or expeditious as possible. Implement a system to track your billing, then make sure there’s a process in place for following up on it at regular intervals. You should have a plan for systematically dealing with accounts that are 30, 60, and 90 days past due.

Day late and a dollar short

When tax day is coming, it shows up every year without fail. Put aside tax funds in advance each month, or every time your company makes a sale.
When you track taxes in a separate financial account, it means you won’t inadvertently spend money that isn’t yours, and you won’t get stuck with the penalties and interest that can incur as a result.

Save money for unexpected need

Planning ahead up to five years in advance is part of a sound business strategy.
Don’t let major expenses catch up with you when you least expect them.
By budgeting to use income from the profitable months to cover fixed expenses during the sluggish ones, is also a part of a good business strategy.

Double-check everything

Whether you work in Excel or outsource your accountant, it’s important to track the details of exactly what’s going into your business account every time a deposit is made. Accounting can track all activities and thanks to that, you will be able to make future business decisions.

Should you need any accounting services, accounting tips, tax services or tax advice you can rely on us.  By your side, on the road to success.


April 21, 2020
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1. Start With Your Business Name
The first thing to do (after you decide what you want to sell, of course) is to choose a fabulous,
memorable business name that no one else is using. You can conduct a corporate name search to make sure it’s not already in use.
Our team of Serbian company formation consultants (WTS) can assist in these process.
2. Secure Your Domain Name and Website
Ideally, you’ll get your business name as your domain name, but if it’s not available, choose a URL that’s easy to say and spell, and relates to your business.
The design of your e-commerce site may be the biggest business expense you have. But you want to ensure that it’s not only visually appealing, but also functional.
Our local partners , web hosting experts will provide you with tailor-made recommendations.
3. Select The Best Business Structure and Register Your Business
An e-commerce registered in Serbia can be set up by both natural persons and legal entities. The applicable legislation allows foreign investors to register an e-commerce business in Serbia.
Our team of Serbian company formation consultants (WTS) can assist in these stages.
Our lawyers are dedicated to finding the best solution for you.
4. Choose the right hosting package
All websites have to sit on a server somewhere. Choosing the right hosting package is important for more than one reason:
✔ Website speed
✔ Uptime and performance
✔ Shared hosting environments
Our local partners, web hosting experts will provide you with tailor-made
recommendations.
5. Choose the right e-commerce platform
Selecting the e-commerce platform that your website will run from is an incredibly important decision. There is a vast range of e-commerce platforms available, in the form of Software as a Service (SaaS) storefronts, off-the-shelf software, or bespoke solutions. Each has their own benefits and drawbacks.
Our local partners are specializing in designing, developing and implementing e-commerce platforms.
6. Secure an internet merchant account (IMA)
To make money online, you need to secure an internet ready bank account called an internet merchant account (IMA). High street banks can set these accounts up for you, although they have several requirements that you will need to meet to qualify for an account.
Our team of Serbian company formation consultants (WTS) can assist in these stages.
SIP and WTS banking experts will work with you to provide the best solutions.
We work with many International banks in Serbia and we will pick the proper one for you.
7. Choose a payment service provider (PSP)
Once you have an IMA for your business, you will need to decide on a payment service provider (PSP), otherwise known as a payment processor or payment gateway. Some banks will suggest a PSP when issuing the merchant account, but if possible it pays to shop around as the charge rates differ between them: it’s nearly always possible to find a cheaper deal.
Our local partners will integrate the World’s most commonly used payment gateways and methods into your online store: Stripe; PayPal; BrainTree; Visa/Mastercard/Amex.
8. Start Marketing Early
Even if you’re not up and running, it’s a good idea to set up social media profiles and writing content for your blog now so that you’re not starting from scratch Day 1 It’s important to plan your digital marketing activity and set aside some budget to help promote your website for the longer term. Build your brand and get found online with WTS full suite of digital marketing solutions.
Creative Finance and WTS will provide you with the best consultation and premium service approach which includes:
✔Full legal support by our in house licensed lawyers
✔Consultation by ex-bankers from our team regarding your e-commerce business
✔Tailored Marketing Solutions
✔Accounting & Tax Services
✔24/7 support in English, Russian, Spanish and Turkish
Please contact us for more information.
Email: info@creativefinance.rs