Small Business Accounting Lithuania
Small Business Accounting in Lithuania – Reliable Support for Big Dreams
Running a small business is exciting, but it also comes with serious responsibilities—especially when it comes to your finances. Whether you’re a startup founder, freelancer, or small company owner, keeping your books in order is essential for success.
At UAB “AM Law”, we specialize in small business accounting in Lithuania, offering comprehensive, affordable, and flexible solutions tailored to the unique needs of entrepreneurs. Our goal is to make your accounting worry-free, so you can focus on growing your business with confidence.
Why Small Businesses Need Professional Accounting Services
Many small business owners try to handle their finances on their own—until things get too complicated or time-consuming. The truth is, accounting is more than just tracking expenses and income. It’s about compliance, strategy, and sustainability.
Here’s why outsourcing your accounting is a smart move:
- Avoid penalties from missed tax or VAT filings
- Get accurate financial insights to guide your decisions
- Save time and reduce administrative burden
- Ensure compliance with Lithuanian tax and labor laws
- Gain peace of mind during audits or inspections
By partnering with AM Law, you’re not just hiring an accountant—you’re gaining a business ally.
Who We Serve
Our small business accounting services are ideal for:
- Freelancers and sole proprietors
- Newly registered UAB companies
- E-commerce entrepreneurs and online sellers
- Creative professionals and consultants
- Family-owned businesses and partnerships
- Foreign founders operating in Lithuania
No matter your industry, size, or structure—we’ll tailor a solution that fits your workflow and goals.
Our Small Business Accounting Services
We offer a complete suite of services to cover every aspect of your business’s financial needs—whether you’re just starting or scaling.
Bookkeeping
We manage and record all your financial transactions—sales, purchases, payments, and receipts—accurately and legally.
VAT Registration and Declarations
We’ll help you register for VAT (if needed), file monthly or quarterly returns, and advise on reclaiming VAT.
Payroll Services
From calculating salaries to managing Sodra contributions, we ensure your employees are paid on time and correctly.
Corporate Income Tax Reporting
We prepare your CIT returns, identify eligible deductions, and make sure everything is submitted on time.
Annual Financial Statements
We compile and file your end-of-year balance sheet, profit and loss statement, and other mandatory reports.
Budgeting and Financial Advice
Want to grow? We provide basic financial planning, cash flow analysis, and advice tailored to your small business.
Cloud-Based Access
We use secure online systems so you can access your data, send invoices, or track expenses from anywhere.
Accounting That Fits Your Budget
We know that small businesses need value for money. That’s why we offer transparent, affordable pricing with no hidden fees.
Starter Plan
Best for freelancers and sole proprietors
Includes basic bookkeeping, VAT filing, and year-end tax reporting.
Growth Plan
Designed for active UABs and partnerships
Includes monthly bookkeeping, payroll, financial statements, and tax filing.
Premium Plan
For scaling businesses with employees or e-commerce activity
Includes everything in the Growth Plan plus budgeting support, audit prep, and personal consulting.
Custom packages are also available for unique business models. You only pay for what you truly need.
Why Choose AM Law for Small Business Accounting in Lithuania?
Experts in Small Business Accounting
We understand the unique challenges small businesses face, from cash flow issues to rapid changes. Our support is proactive and personalized.
Bilingual Service
Our team works in English, Lithuanian, and Russian, ensuring smooth communication and zero misunderstandings.
Compliance Without Stress
We stay updated on all tax changes, labor laws, and deadlines so you don’t have to.
One-Stop Business Support
Need legal help or business registration services? We handle that too, offering integrated legal and financial solutions.
Dedicated Account Manager
You’ll work with a single point of contact who knows your business and responds quickly when you need help.
How It Works – Simple and Straightforward
Our process is designed to make things easy for small business owners. You don’t need to be a finance expert—we’ve got you covered.
Step 1: Free Consultation
We start with a conversation to understand your business, goals, and current setup.
Step 2: Onboarding
You provide your basic documents, and we set up your accounting system.
Step 3: Monthly Accounting
You send us invoices, receipts, and reports. We do the rest—bookkeeping, payroll, VAT, and more.
Step 4: Reporting and Advice
We deliver easy-to-read financial reports and are available to answer any questions or provide guidance.
Common Mistakes We Help You Avoid
Many small businesses in Lithuania run into problems because they:
- File VAT or tax declarations late
- Misclassify expenses and miss deductions
- Pay incorrect employee salaries or Sodra contributions
- Don’t maintain proper documentation for audits
- Rely on outdated or manual accounting systems
Our services are designed to help you avoid these mistakes and operate with total confidence.
Tools and Technology That Work for You
We use modern, secure accounting platforms that are perfect for small business operations:
- Cloud access to your data 24/7
- Digital document exchange and approval
- Real-time reports and performance insights
- Optional integrations with sales platforms and POS systems
- GDPR-compliant storage and backups
You get the power of a digital system—without having to learn it yourself.
Frequently Asked Questions
Q: I’m just starting a UAB—when should I get an accountant?
Right away. We can assist with incorporation and set up your accounting properly from day one.
Q: Can I handle accounting on my own at first?
While possible, it’s risky without knowledge of Lithuanian law. Errors could lead to penalties or loss of credibility.
Q: How often do I need to file taxes?
VAT returns are monthly or quarterly. Corporate income tax is filed annually. Payroll and Sodra submissions are monthly.
Q: What documents will I need to provide?
Typically, your bank statements, invoices, receipts, and payroll data. We’ll guide you step by step.
Your Partner in Small Business Success
At AM Law, we know that small business owners wear many hats. That’s why we’re here to wear the “accounting hat” for you—accurately, professionally, and affordably.
Let us handle the numbers so you can focus on your products, customers, and big goals.
Citizenship of Lithuania
Citizenship
- Acquisition of citizenship of the Republic of Lithuania by virtue of birth.
- Restoration of citizenship of the Republic of Lithuania.
- Oath of Allegiance to the Republic of Lithuania.
- Naturalisation.
- By way of exception.
- Simplified procedure.
Right to reinstate citizenship of the Republic of Lithuania to persons who had citizenship of the Republic of Lithuania and until 15 June 1940 and their descendants who have not acquired citizenship of the Republic of Lithuania before 2011-04-01.
We could help you to get citizenship in Lithaunia.
For jobseekers:
We are searching employees from Europe who would want to work in Lithaunian companies.
For employers:
We are dealing with recruitment companies all over the world and can suggest a variety of employees.