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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…

The popularity of company nurseries among employee benefits is steadily growing. Running a company nursery makes it easier for parents to return to work, reduces recruitment costs for new employees and saves parents time and money. However, the consolidation package has brought uncertainty to an established model and companies need to revalue this…

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…

The government's consolidation package brings many changes and unpopular decisions. However, not all of the innovations are bad and some of them will even simplify business for self-employed entrepreneurs - such as the abolition of the previously mandatory income tax registration with the tax office (FÚ). Compulsory registration for new self…

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…

The monitoring of the impact of business on the environment (E), employees and society (S) as well as topics related to management (G) are being included in Czech legislation. Companies will now prepare a so-called sustainability report. In 2024, this obligation will affect only the largest companies, but will gradually apply to other companies.…

The current accounting rules are based on legislation that was introduced in 1991. Although there have been a number of amendments to the Act itself and the related implementing decrees, they are often no longer sufficient for the current economic reality. The State is aware of this and is therefore preparing a completely new Accounting Act. Find…

Every year in the spring, (not only) entrepreneurs have an unpleasant duty - filling in the tax return form. We will tell you how to deal with the document. Who fills in the tax return and how? According to the Income Tax Act (ITA), all entrepreneurs with an annual taxable income of over CZK 50,000 (or CZK 20,000 if you are an employed…

The due date for the payment of the real estate tax (or the first instalment) is 31 May 2024. Last year, in order to save money, the tax administration abolished the paper postal vouchers that were traditionally sent to real estate taxpayers during May. Payment of the tax by postal order has not been charged until now, which is changing.…

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

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…

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…

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…

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…

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…

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…

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…

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…