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Here you’ll find the most important information you need to know for a successful start and the smooth running of your business, or its potential dissolution. Choose any category that interests you, or start with the most recent article.

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The flat tax promises less administration for businesses from 2021 - but it will only pay off for some of them. The following lines will help you find out if you're one of them. What is a flat tax? Flat-rate tax is a special type of tax that self-employed people can volunteer for. It is a flat monthly amount that includes a payment for…

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Millions of Czechs file personal income tax returns each year. However, many of them do not know how and when to submit it correctly. That's why we've summarised the most important rules for you. Read the most important facts: When to file your tax return? Who files a tax return? When is income tax due? What if you file late?…

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As a business, you file a tax return every year. This tells you how much money you pay to the government in income tax. We will advise you on how to correctly determine the tax base and the tax itself. How is income tax calculated? Personal income tax is calculated as 15% of your tax base. Taxpayers with high earnings then apply a rate of 23…

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The recently adopted tax consolidation package brings a number of innovations. Find out the main changes to the real estate tax, who has to file a new tax return and how to do it. What's changing from 2024? Adjustments to the paved area rules One of the modified areas is the so-called paved area. Until now, taxation of paved area was only…

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As a sole trader, you have to ensure that you pay your levies properly yourself. However, it is easy to get lost in the flood of regulations. That's why we've prepared an overview of the basic obligations. Compulsory levies in a nutshell All sole traders are obliged to pay not only taxes, but also health and often social insurance. In addition,…

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14.12.2023 Tips and advice

He does this and he does that. But how to know which direction to take as an entrepreneur? We will advise you on how to choose. 1) Focus on what you excel at If you love your work, your customers will know it. If you have a degree in your field and years of experience, why not use it to build your own business? Talent and experience can…

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Fixed assets are usually the most expensive part of a business. However, it comes with a complex depreciation obligation. We'll advise you on how to calculate depreciation so it doesn't make your head spin. What is depreciation? Depreciation is an accounting measure of the wear and tear on tangible and intangible fixed assets. Unlike current…

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The purchase of property, machinery or a company car will also be reflected in your financial statements. How to value and account for the assets correctly so that everything stands up to scrutiny from the tax office? Just keep a few principles in mind. What is a fixed asset? Several regulations govern fixed assets from an accounting and…

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The Financial Administration informed about the launch of a pilot project for pre-filling the real estate tax return. Find out how it works and make your work with the forms easier. The new feature will make it easier for you to fill in the form Finding out data and filling in the real estate tax return is quite complicated. That's why the…

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As part of the consolidation of public finances, the government has introduced measures to help the over-indebted treasury, the so-called consolidation package. It was signed by the President on Wednesday 22 November 2023, followed by its publication in the Collection of Laws. Most of the planned adjustments concern taxes and other compulsory…

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The size of the entity determines what the company is legally required to do. A small newsagent has fewer obligations than an industrial giant with hundreds of branches. Find out which category your business falls into and what not to forget. What is the purpose of categorising accounting units? The classification of accounting units (CUs) and…

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Are you starting a business and hesitating how to tax your income? In the Czech Republic, there are several methods - tax registration, accounting or lump sums for self-employed persons. We have a complete overview to help you choose the best one for you, so you don't pay more in taxes than you have to! Ways of taxing the income of self…

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In addition to tax changes, the consolidation package will also bring innovations in the area of accounting. They will affect the definition of turnover, accounting in foreign currencies and taxation of unrealised exchange rate differences. Read what the government is planning from 2024. Changing the definition of turnover Net turnover was…

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The beginning of the school year brought not only the return of children to their classrooms, but also important news from the world of accounting and taxation. The opinions of the CNB and the Supreme Administrative Court have a major impact. Let's summarise them in a nutshell. Additional tax returns are due to be relaxed The Supreme…

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International tensions are also reflected in the sphere of taxation. Businesses trading with Russia are now facing a higher tax burden. Read what's changing. Russia has suspended an earlier agreement In August, Russian President Putin signed a special decree that will complicate tax relations between the Czech Republic and the Russian…

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Many drivers are attracted to working behind the wheel. As a courier, you're your own boss, and you can earn good money. How do you start such a business? We've summarised the most important things for you. What do I need to be a courier? Courier companies such as DPD, Wolt, Bolt Food, Rohlik or Foodora most often work with couriers with an…

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You will be paid for the work you do. But sometimes there are those who refuse to pay their obligations - and trouble ensues. How do you fight against defaulters? Prevention first and foremost What's the best way to solve problems with non-payers? Don't let them happen in the first place. And because people are different, it pays to treat the…

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21.09.2023 Tips and advice

The world is globalising, and you often can’t avoid official communications abroad. However, managing formalities between two countries can quickly turn into a nightmare, whether due to complicated red tape or the language barrier. We’ll teach you how to handle the bureaucracy with ease. Rules differ from country to country There are many situations that…

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Do you dream of having your own online shop? All you have to do is meet a few legal conditions. We will advise you which legal form to choose and what requirements an e-shop must meet. How to officially set up an e-shop? To run an e-shop you need the status of an entrepreneur. But before you start making the rounds of the authorities, think…

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There are a number of intermediaries in the market who resell goods or services to end customers. They often carry out their work on the basis of a so-called commission contract. Find out how such cooperation works. What is a commission contract? The principle of commission is legally regulated by Sections 2455-2470 of the Civil Code. Under a…

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