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News and Advice
Read the latest news, useful tips, and practical information from the world of accounting, administration, and business growth.
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2026-08-18 09:43:00
Cash Withdrawal from Bank Account
One of the most common misconceptions among entrepreneurs is that they can freely dispose of money from the transaction account of a business entity (LLC) or a sole proprietorship (obrt). According to the effective laws in Bosnia and Herzegovina, money in a company's bank account is strictly the property of the legal entity. Any cash withdrawal and handling of cash transactions are strictly regulated by the Law on Internal Payment Transactions and the Decree on the Conditions and Manner of Cash Payments in FBiH. The Tax Administration and financial inspectors conduct regular and rigorous audits of cash flows. Misuse of cash withdrawals, lack of supporting documentation, or ignorance of legal prohibitions lead to forced account blockades, high misdemeanor fines, and retroactive calculations of income tax and contributions. Below is a detailed overview of what is legally permitted and what is strictly forbidden to pay in cash, the rules mandated by the Decree on Cash Payments, and how a expert bookkeeper, accountant, and professional bookkeeping service ensure lawful business operations.
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2026-08-18 09:26:00
Most Common Fines for Sole Proprietorships in BiH: How to Avoid Them with Professional Bookkeeping and Accounting Services
Operating as a sole proprietorship (obrt) in Bosnia and Herzegovina offers the key advantage of easier access to and management of funds, but it also entails full liability—the sole proprietor is personally liable for all business and tax obligations with their entire personal assets.
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2026-08-11 11:07:00
Bookkeeping and Accounting Services in BiH: Most Common Fines for LLCs and How to Avoid Them
Managing a limited liability company (d.o.o.) in Bosnia and Herzegovina carries great responsibility. Tax regulations, the Labor Law, the VAT Law, and fiscalization rules are extremely strict, and fines for non-compliance can range from a few hundred to tens of thousands of Convertible Marks (BAM). Unintentional errors, late submission of reports, or unfamiliarity with legal amendments are the most common reasons why inspectorates (Tax Administration, ITA, Labor Inspectorate) issue high penalty notices. Below is an overview of the most common fines faced by d.o.o. owners and tips on how to avoid them through professional bookkeeping and accounting services.
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2026-08-11 10:49:00
Bookkeeping and Accounting Services in BiH: Integrated Support Alongside Lawyers, Auditors, Software Companies, and Fiscalization Providers
In today's business environment in BiH, running an independent business (sole proprietorship) or a company (LLC) comes with numerous administrative, legal, and tax challenges. The greatest loss of time and money for entrepreneurs occurs when they have to communicate separately with different vendors and institutions. While the accountant asks for one thing, the lawyer advises another, the auditor demands additional analyses, IT support doesn't understand accounting regulations, and the fiscal device technician is delayed with setup—you lose precious time that you should be investing in business growth. At Agencija Poslovnost d.o.o. Sarajevo, we decided to put an end to that!
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2026-08-11 09:39:00
Step-by-Step: How to Close a Sole Proprietorship?
The process of closing a sole proprietorship requires timely planning and the execution of clear procedures through municipal, tax, and financial institutions. To avoid unexpected costs and default interest, it is crucial to properly settle all obligations and close the sole proprietorship with professional support.
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2026-08-11 09:23:00
Difference Between Liquidation and Bankruptcy: When to Initiate Bankruptcy vs. Business Liquidation?
Growing market challenges, operational changes, or simply the founder's desire to conclude a specific business venture often lead to the question: How to properly and legally close a company in BiH? When shutting down a legal entity, entrepreneurs most commonly encounter two terms – liquidation and bankruptcy. Although both processes lead to the final termination of a company's operations, they differ drastically in their causes, conditions, legal consequences, and the manner in which accounting books are kept and tax obligations are settled. Below, we provide a detailed guide on the differences between liquidation and bankruptcy, along with advice on when and under what conditions to initiate the appropriate procedure.
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2026-07-31 09:49:00
When and How to Enter the VAT System in BiH? (A Guide for Entrepreneurs)
One of the most important financial milestones in the operation of any company or sole proprietorship in Bosnia and Herzegovina is entering the Value Added Tax (VAT) system. This decision brings new legal obligations, a different way of issuing invoices, as well as opportunities for input VAT recovery. However, entrepreneurs still have many dilemmas: Is entering the VAT system always mandatory? What happens when the legal threshold is crossed? What is the difference between mandatory and voluntary entry? Below, we bring you all the key information and steps you need to know to avoid fines and optimize your business operations.
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2026-07-30 11:59:00
Most Common Mistakes When Starting a LLC and Sole Proprietorship in BiH (and How to Avoid Them)
Starting your own business is an exciting step, but also a process full of administrative and financial challenges. When registering a business in BiH, founders most often hesitate between two legal forms: a sole proprietorship (obrt) or an LLC (d.o.o. - limited liability company). However, due to a lack of information or rushed decisions at the very beginning, many entrepreneurs make costly mistakes that later require extra time, money, and complicated documentation changes. Below, we provide an overview of the most common mistakes when registering a business and tips on how to avoid them with timely expert support.
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2026-07-23 09:33:00
Sole Proprietorship or LLC in the Federation of BiH: How to Make the Right Decision for Your Business
Starting your own business in the Federation of Bosnia and Herzegovina brings a multitude of administrative and financial questions. The first and most important question that every entrepreneur faces at the very beginning is: Should I register a sole proprietorship (obrt) or a limited liability company (d.o.o.)? This decision is by no means just a formality. It directly dictates the amount of your initial setup costs, how you pay taxes and contributions, your level of personal risk, and the type of financial record-keeping you are legally required to maintain. To help make this critical step easier for you, Poslovnost Agency provides a detailed and comprehensive analysis of the key differences between these two business structures, strictly adhering to current legislation in the FBiH.
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2026-07-21 12:01:00
How to Register a Citizens' Association in the Federation of Bosnia and Herzegovina (FBiH) | A Complete Guide
Learn how to register a citizens' association in the Federation of Bosnia and Herzegovina (FBiH), what documentation is required, whether an association can generate income, employ staff, and what obligations it has after registration.
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