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Have you started a business and your company was established in the last 3 months of the year? Postpone your first corporation tax return until next year! We will tell you how to proceed. Who can extend their accounting period? If your company was established between 1 October and 31 December, you can apply to the tax office for an extension…

As a sole trader, you have to ensure that you pay your levies properly yourself. However, it's easy to get lost in the flood of regulations - so we've prepared an overview of the basic obligations and current amounts for 2025. Compulsory levies in a nutshell All sole traders are obliged to pay not only taxes, but also health and often social…

The flat tax promises less administration for businesses from 2021 - but it will only pay off for some. The following lines will help you find out if you are one of them. You'll also find out how much to pay for each band, all the terms and conditions, deadlines and how to sign up for the flat rate tax. What is a flat-rate tax? The flat-rate…

A limited liability company is the most popular type of company mainly due to its simplicity and limited liability of its owners (partners) for liabilities. But how does "limited liability" for debts work in practice? Find out if and what the partners, the managing directors and the company itself are liable for. Bodies in a limited…

You know each other well, maybe you've been partners, siblings, classmates or best friends since kindergarten. You have a great business idea, so you decided to start a company together. What could go wrong, you think. But even the best personal relationships can't guarantee a successful business partnership. What to look out for when you're…

In addition to the salary, interesting work and a relaxed team, company benefits contribute to employee satisfaction. In addition, they will also help you with recruitment. However, setting up benefits translates into the tax burden of the company and the employees. Take a look at the different types of benefits and their tax implications to…

While some voluntarily register for VAT, others want to avoid the VAT regime - therefore, when they exceed the turnover threshold for compulsory VAT registration, they prefer to set up a new company and charge from scratch. Find out why this is an inappropriate practice. Article content: When does a company become…

Do you know what your employee is entitled to when you send them on a business trip and what you must not forget? Find out under what conditions an employee can go on a business trip and what expenses are involved. What is a business trip? A business trip is nothing more than the legislative designation of the colloquial term business trip. The…

You've decided to do business in the UK market, chosen the right form of business and now you want to make sure you haven't forgotten anything after setting up in the UK? Read on for a summary of the main obligations you may face as a Czech entrepreneur in the UK. Applying for a visa The requirement to apply for a visa to do…

The marketing mix is one of the easiest tools you can use in business to plan your strategy and achieve better results. Learn about its principles and put them into practice with the easy-to-follow guide we've written for you. Marketing strategy ≠ marketing mix Marketing mix is often confused with marketing strategy. However, it has a…

Ltd companies are one of the most popular forms of business in the UK - similar to limited companies in the Czech Republic. Are you tempted to set up a Ltd. company but don't know how to do it? We'll guide you through the whole process so you can start your UK business with confidence. Whichever company you decide to set up in England,…

Doing business in England sounds attractive in terms of market size, potential, affordability and corporate taxation. But how to do it? We'll help you get your bearings - an overview of UK company types and other options will make your decision easier. How to do business in the UK? The business environment in the UK is similar to…

Determining tax residence can be confusing – whether you’re a Czech working abroad or a foreigner working in Czechia. Discover the criteria that will help you know where you should be paying income tax. General Rules for Tax Residence It sounds inviting – you find a country with an interesting social or tax system and choose to start your business…

Are you interested in the road transport business operated by large vehicles? Find out what conditions to meet to obtain a licence and how hauliers prove their financial fitness. What is large vehicle transport? The category of "large" road transport includes: Passenger transport by vehicles carrying more than 9…

Are you doing business in the Czech market, but would you like to relocate your company to Malta, Switzerland, USA or vice versa? We will introduce you to the amendment to the Act on Company Conversions, which newly facilitates the conditions for changing the seat of a company outside the EU. What does the amendment to the Company…

You have probably already encountered terms such as mergers, acquisitions or company splits. The amendment to the Business Corporations Conversion Act now introduces a new concept, the spin-off. Find out how spin-offs differ from other types of conversions and how they work in practice. What is a corporate conversion by spin-off? In July 2024,…

When looking for ways to lower taxation, athletes often toy with the idea of changing their tax domicile. However, such a change is not possible for everyone and will only bring real savings to some. Find out under what conditions an athlete can benefit from a change in tax residency without unnecessary risk. The key to taxing…

The minimum wage is not only the lowest possible remuneration for work, but also affects other amounts. Find out how it works, who sets it, how to calculate the correct minimum wage per hour for different types of jobs and what changes to prepare for from 2025. What is the minimum wage and how is it set? Minimum wage means the lowest allowable pay…

Imagine you want to build a house - you have a vision, tools, finances and a team of people. But that's not enough to build a new home. Without a plan and coordination, chaos, delays, additional costs... And it works the same way in business. Make planning and meeting your goals easier with project management. We'll show you how. Why do…

Do you want to volunteer, raise money for a good cause, support the community in your area, or have a group with whom you share a common interest? Find out how a non-profit organization can help you do just that! What is a non-profit organization? A non-profit organization (NO) is a type of legal entity. However, its main purpose is not to make…