What’s Included in Our Accounting Services?

Our accounting services go beyond traditional bookkeeping. We offer a full spectrum of financial services, tailored to the Lithuanian business environment.

✅ Bookkeeping & General Ledger Management

We maintain clear, consistent financial records, handle transactions, and manage account reconciliation to keep your books accurate and audit-ready.

✅ Payroll & Social Security Administration

We calculate and process employee salaries, manage contributions to Sodra (Social Insurance), and handle payroll tax declarations in line with local labor laws.

✅ VAT Registration & Reporting

From registering your business for VAT to filing periodic returns, we ensure accurate calculations and timely submissions to the State Tax Inspectorate (VMI).

✅ Annual Financial Statements

We prepare and submit year-end financial statements, including balance sheets, profit & loss accounts, and cash flow statements—as required by Lithuanian law.

✅ Corporate Income Tax Returns

We handle your CIT (15%) declarations, advise on tax optimization strategies, and help you utilize available deductions and incentives.

✅ Invoice Management & Cash Flow Monitoring

We manage invoice issuance, payment tracking, and expense classification to improve your cash flow visibility and financial decision-making.

✅ Audit Preparation & Compliance Support

If your company undergoes a financial or tax audit, we help prepare all documentation and represent your interests before tax authorities.

Full Compliance with Lithuanian Accounting Standards

Lithuania follows strict financial reporting rules aligned with International Financial Reporting Standards (IFRS) and local legislation. Our team ensures your compliance with:

• Law on Accounting
• Law on Corporate Income Tax
• VAT regulations
• Labor Code
• Reporting obligations to VMI, Sodra, and Statistics Lithuania

Avoid penalties, errors, and legal issues—let us ensure everything is done right the first time.

Digital-First, Modern Accounting Solutions

We combine traditional expertise with modern technology to deliver fast, secure, and efficient accounting services.

Our clients benefit from:

• Cloud-based accounting platforms for 24/7 access
• E-invoicing integration and real-time reporting
• Automated tax reminders and filing systems
• Secure document exchange portals
• Compatibility with international systems and APIs

If you’re already using software like Xero, QuickBooks, or a local Lithuanian system—we’ll integrate seamlessly.

Why Businesses Trust AM Law for Accounting Services in Lithuania

Choosing an accounting partner is about more than spreadsheets—it’s about trust, clarity, and reliability.

✔ Licensed Professionals

Our team includes certified accountants and legal experts with deep knowledge of Lithuanian tax and commercial law.

✔ One-Stop Business Support

Need company formation, residence permits, or legal contracts? We offer integrated legal and financial services under one roof.

✔ Multilingual Team

We support you in English, Lithuanian, and Russian, so nothing gets lost in translation.

✔ Local Knowledge, International Perspective

We help Lithuanian businesses grow and guide international companies in adapting to local requirements with ease.

✔ Transparent Pricing

We believe in fair, clear pricing with no hidden costs. You’ll know exactly what you’re paying for.

Frequently Asked Questions (FAQ)

Q: Do I need an in-house accountant in Lithuania?
A: Not necessarily. Outsourcing to AM Law saves time and money while ensuring professional service and full legal compliance.

Q: Can I do my accounting in English?
A: Yes! We provide all reports and communication in English (or Lithuanian/Russian as needed).

Q: How often do I need to submit tax returns?
A: VAT is typically filed monthly or quarterly, while income tax and financial statements are filed annually. We manage all deadlines for you.

Q: What if I receive a tax inspection or audit?
A: We’ll help prepare the documentation and represent you before the authorities—minimizing disruption and ensuring clarity.

Ready to Streamline Your Accounting in Lithuania?

Whether you’re launching a company or scaling an enterprise, reliable accounting is the key to legal compliance and long-term success. Let AM Law be your trusted accounting partner in Lithuania.