Tips and advice

How to incorporate a company or create a branch office? Should you register for VAT? What to look out for when doing a business on a trade license? Read our tips on how to stay on top of your business, tax, and accounting requirements.

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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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 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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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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Running a business is a big responsibility. Therefore, not everyone can become the CEO of a company. What does such a person have to do and what are his/her duties? Who is a managing director? The managing director is the statutory body of the Ltd. He is therefore responsible for the business management of the company and acts on its behalf (e.g…

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Are you starting a new company and don't know what to call it? And what is a company name? We will tell you all about it! First, we will look at the company name from a creative point of view and then from a legal perspective. A suitable name will set your company apart from the competition and help you to be memorable. How to come up with a name…

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Setting up a company involves administration that can take weeks. We will tell you how long it takes to set up an LLC and give you tips on how to speed up the process. What affects the speed of setting up a company? The length of time it takes to set up a company depends on the type of company you choose, the speed of the administrative…

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Common sense says that the company's headquarters is simply the place where you do business. Legally, it's not that simple. The law makes a distinction between the formal and actual registered office of a business. We'll explain the difference between the two. Formal registered office The registered office is generally considered to be the…

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Are you considering starting a business or are you already at the beginning of your entrepreneurial journey? If so, then you shouldn't miss the 5 most common mistakes people make when starting a business. Business and sales specialist, Petr Bernadič from Každý prodává company, brings you 5 steps to help you avoid these mistakes and achieve success…

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There are a few formalities you have to go through when starting your business. You must first officially establish the new company or buy a ready-made company that already meets the legal conditions. Read on to find out which option is better suited for your business. Starting a company "on the green field" Starting an LLC means visiting a…

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The invoice is one of the basic accounting documents - sooner or later every entrepreneur will come across it. Learn how to issue it correctly to keep your books in order. What is an invoice? An invoice is a commercial document - it is an accounting document for the sale of goods or provision of services. However, an invoice as such is not a…

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