Tips and advice

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…

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…

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…

Are you interested in charity or do you want to develop a common interest with other people in the field of sport, culture, ecology or perhaps your hobby? Start a non-profit organisation. We will advise you on which legal form to choose and how to go about setting up a non-profit. The essence of a non-profit organisation As the name…

Do you have a great business idea in your head? Create a basic financial plan before you go ahead. It will help you to determine the costs of starting your business, the expected income and an estimate of profit. In the long run, it will make it easier for you to manage your finances effectively. What is a financial plan for? A financial plan is…

All companies registered in the Commercial Register, associations, societies, institutes or foundations must publish their accounts. It tells about the company's management, its financial stability and its ability to stand in the future. Find out what it contains and why, and how to navigate through it. What are financial statements? …

Do you pay royalties abroad? And are you sure who is the actual recipient? Find out when you pay the full amount of withholding tax on royalties and when you can reduce it on the basis of double taxation. What are royalties? In the Czech environment, royalties are defined by the Income Tax Act (§19 of the Income Tax Act). Such…

You probably know who the CEO is, but do you have any idea what the CTO is responsible for, what the COO does, and when to turn to the CFO? Find out the difference between each leadership position and how they can help your company grow. Top management organization The rapid growth of companies brings with it the need to optimize their…

A business cannot do without a business plan. Whether you have your vision, mission, and goals in your head or actually described in detail, the Lean Canvas method will teach you how to work with them in a whole new way. Quickly, flexibly and, above all, with maximum clarity. What is Lean Canvas? We explain the Lean Canvas method in…

Attempts to defraud businesses are increasing and becoming more sophisticated - from emails from external and internal sources to fraudulent SMS, fake calls or imitation registers. We've put together a glossary of the most common terms associated with fraudulent behaviour and explain how to spot fraud and protect your data and finances. …

The vision, mission and values summarize the company's main ideas and mission and are part of the business plan. Thanks to them, you and your employees will have an imaginary map of the company's journey and everyone will be clear about where you are heading. Such an overview will make planning easier and help you make decisions. Find out how to…

Are you planning to sell your apartment and wondering how to tax this income? The procedure for selling a condominium is different from selling a privately owned unit. We'll explain how to properly tax the income from the sale of a personal and cooperative apartment and when you can avoid this tax altogether. Taxation of income from the sale of a…

If you are acting on behalf of a business corporation, you will usually encounter a situation during your business activities when you need to modify a certain entry in the Commercial Register (CR). Here is an overview of the most common reasons for changing a CR entry and how to make the change in practice. All mandatory and optional data…

Have you set up a business and want to learn more about how to calculate your profit and loss, which types of profit and loss you can evaluate and how to draw on them in the future? Here is an overview of the most important profitability indicators. Why pay attention to the economic result? The profit and loss statement tells you about the…