ProfTax Accounting & Finance

What ProfTax Accounting & Finance does

ProfTax Accounting & Finance (ProfTax LLC) is a privately held B2B professional services firm headquartered at 49 Arshakunyats Str., Yerevan, Armenia. Founded in 2006, the firm delivers outsourced financial accounting, financial reporting, tax advisory, tax reporting, management accounting, HR and payroll, business registration, budgeting, and legal advisory services to commercial and non-commercial organizations across multiple sectors, including online gambling, telecommunications and IT, legal and consulting, financial services, import and wholesale/retail trade, manufacturing, hospitality, and NGOs. Select named clients include one of Armenia's three largest online gambling operators (Adjarabet AM), AM LAW FIRM, CMX Solutions Dooel Skopje, and Swtecs AM LLC.

The firm operates a tiered subscription-based pricing model denominated in Armenian Dram, with monthly retainer packages ranging from AMD 50,000 (Reporting) to AMD 500,000 (Full package), plus a one-time business registration fee of AMD 400,000 and individual services priced AMD 30,000–60,000. Service delivery is built around nine vertical-specific packages (Start-up, Reporting, Service, Merchandising, Manufacturing, Non-profit, Import/Export, Full, and Family Business), enabling the firm to address distinct client archetypes. The technology stack consists of standard accounting and payroll software — primarily Arm Soft and 1C — which ProfTax implements and manages on behalf of clients; there is no proprietary platform.

Go-to-market is sales-led and concentrated in Armenia, with client acquisition driven by direct engagement, referrals, and a 10+ year local reputation. Distribution is exclusively direct from the Yerevan headquarters, supported by a multilingual (English, Russian, Armenian) website, a legislative-update blog, and social media presence on Facebook, LinkedIn, Twitter, and YouTube. The 12-person team, led by Managing Partner Maria Stepanyan, provides on-site specialist presence and government representation before tax, customs, and regulatory authorities. The firm holds no external institutional funding, has no parent company, and operates as an independent LLC.

Name

ProfTax Accounting & Finance

Legal name

ProfTax LLC

Website

https://proftax.am

Company type

Private

Founded year

2014

Operating status

Operating

Headcount range

11–50 employees

Short description

ProfTax Accounting & Finance is a Yerevan-based, privately held B2B accounting and tax advisory firm serving 40+ Armenian commercial and non-commercial clients across gambling, telecom/IT, legal, manufacturing, retail, and NGO sectors via tiered monthly retainer packages.

Ownership category

akta.pro rank

Product category

Accounting & Tax Advisory Services

NAICS

Offices of Certified Public Accountants (541211), Accounting, Tax Preparation, Bookkeeping, and Payroll Services (54121)

SIC

Finance Services (6199)

akta.pro primary industry

General Ledger & Close (Journal Entries, Month-End Close, Reconciliations) (BPAAAGAC)

akta.pro secondary industries

Order-to-Cash (O2C) Operations (Order Admin, Credit, Invoicing, Collections Handoff) (BPAAAGAK), Accounts Payable (Invoice Processing, 2/3-Way Match, Vendor Payments) (BPAAAGAA)

Keywords

• Outsourced accounting services
• Tax advisory services
• Financial reporting services
• Payroll management services
• Business registration services

Headquarters

HQ city

Yerevan

HQ country

Armenia

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D

Revenue model

1. Accounting and Tax Outsourcing Services: Monthly retainer-based professional services covering financial accounting, financial reporting, tax advisory, tax reporting, management accounting, HR and payroll, business registration, budgeting, and legal advisory. Priced via tiered service packages ranging from AMD 50,000 to AMD 500,000 per month depending on business complexity and scope.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels8 records

Core offering

ProfTax Accounting & Finance is an Armenian accounting and tax advisory firm that provides outsourced financial accounting, tax advisory and reporting, management accounting, HR and payroll, business registration, budgeting, and legal advisory services to commercial and non-commercial organizations. Services are sold as monthly retainer subscription packages tailored to organization type, including specialized packages for manufacturing, merchandising, import/export, service companies, NGOs, and start-ups.

Product overview

ProfTax Accounting & Finance is an accounting and tax advisory firm based in Armenia offering a comprehensive portfolio of financial, accounting, and tax services. The company provides both standalone services (financial accounting, financial reporting, tax advisory, tax reporting, management accounting, HR and payroll, business registration, budgeting, and legal advisory) and structured service packages designed for different business types. Service packages include: Full Package (comprehensive outsourcing from 500,000 AMD/month), Start-up Package (150,000 AMD/month), Reporting Package (50,000 AMD/month), Service Package (for service companies), Merchandising Package (for trading companies from 150,000 AMD/month), Manufacturing Package (for production companies from 400,000 AMD/month), Non-profit Package (from 250,000 AMD/month), Import/Export Package (customs services), and Family Business Package (for individuals). The firm supports implementation of specialized accounting software including Arm Soft and 1C.

Differentiator

Problem solved

Functional benefit

Products and services

• Financial Accounting Services

Quantifiable outcome

• Tax obligation minimization — clients are protected from paying unnecessary additional taxes to government bodies through proactive tax optimization
• +1 more outcomes

Named customers11 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators2 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• BDO Armenia: BDO's Armenian member firm provides audit, tax, and outsourced accounting services to mid-market and enterprise clients in Yerevan. Directly comparable to ProfTax for cross-border clients needing international accounting standards in Armenia.
• EY Armenia: Ernst & Young's Armenian office provides assurance, tax, transaction advisory, and consulting services. Competes with ProfTax for high-value enterprise and foreign-invested clients requiring full-scope accounting and tax services in Armenia.
• KPMG Armenia: KPMG's Yerevan office serves enterprise and multinational clients with audit, tax, and advisory services. Competes with ProfTax for the largest enterprise clients in Armenia, particularly in telecom, financial services, and foreign-invested entities.
• PwC Armenia / Caucasus: PwC serves Armenia through its Caucasus practice, offering audit, tax, and advisory services. Directly comparable to ProfTax for enterprise clients and foreign-owned entities requiring Big Four-level accounting and tax compliance in Armenia.
• Grant Thornton Armenia: Grant Thornton's Armenian office offers audit, tax advisory, and accounting outsourcing to mid-market enterprises. Overlaps directly with ProfTax on tax compliance, bookkeeping, and advisory services for Armenian commercial organizations.
• Deloitte Armenia (CIS): Deloitte operates in Armenia through its CIS practice, providing audit, consulting, tax, and accounting services to large enterprises and foreign-owned entities. Targets the same enterprise clients as ProfTax but with broader global capabilities.

Direct peers

• Crowe Armenia: Crowe Global's Armenian member firm offers audit, tax, and advisory services to mid-market clients. Comparable to ProfTax in serving Armenian commercial organizations with outsourced accounting and tax compliance needs.
• FinExpertiza Armenia: FinExpertiza is a CIS accounting and audit network with Armenian operations providing bookkeeping, tax, and audit services. Comparable mid-market peer competing for ProfTax's commercial clients.
• RSM Armenia: RSM's Armenian member firm provides mid-market accounting, tax, and advisory services. Closely comparable to ProfTax in target customer (mid-market Armenian commercial organizations) and service offering (outsourced accounting, tax, payroll).
• Acumen Consulting (Armenia): Acumen Consulting is an Armenian professional services firm offering accounting, tax, and business advisory to local commercial and non-commercial organizations. Direct boutique competitor to ProfTax in the Yerevan mid-market segment.

Market position

Strengths1 record

Weaknesses1 record

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/ProfTax_LLC
• YouTubeyoutube.com/channel/UCXwQytAxUv0i4KqLm24pTAg
• Facebookfacebook.com/ProfTax-529686733840103
• LinkedInlinkedin.com/company/proftax

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about ProfTax Accounting & Finance