The company car usage for private purposes is becoming a more and more frequent topic, especially from the perspective of VAT deduction. Our article will help you to get better oriented and it will also provide some important information along with the practical examples.
Non-governmental organisations (NGOs) provide support and services in many areas, such as social welfare, education, culture, sports and environmental protection. Although they are not set up for profit, they may carry out economic activities which become subject of a Value Added Tax (VAT).
During inventory taking, many situations can arise. One of the less pleasant ones is the discovery of a shortage or loss when some assets or inventories are lost, stolen, or damaged.
Several legislative amendments entered into force as of 1 January 2024 – certain under the Labour Code and certain in connection with the effect of the consolidation package. Below we provide a summary of the most important amendments.
The rates used to calculate employees’ entitlements to travel allowances for business trips were changed effective from 1 January 2024.
Amendment No. 281/2023 Coll. to the Labour Code entered into effect on 1 October 2023. Below you will find a summary of the changes and how they might affect your business.
Do you have a debt towards the tax authority or the social security administration? The Summer Debt Relief offers you a unique opportunity to pay off your debts without any additional fees.
Whistleblowing, i.e. an internal system ensuring protection of whistleblowers, in particular employees, is expected to be introduced this year. What exactly does whistleblowing mean, what benefits can it bring to a company and what needs to be arranged in advance?
We have prepared a summary for you of the tax and payroll changes coming into force in 2023. You have probably already heard about them or even had to deal with the changes in your business, but some of them may be new to you.
As from 1 February 2023, the employer may claim a 5% discount per calendar month on insurance contributions for employees who meet one of the following specific characteristics.
You still don’t have a data box? From 2023, you will. The data box will be automatically set up for all entrepreneurs.
Do you supply or accept goods from another EU Member State? If so, you must have already encountered Intrastat. Intrastat is a system for recording and statistically processing the movement of goods between EU Member States.
Today, the use of a car for business is an essential part of everyday life. However, using a car for business can bring a number of problems or doubts in terms of taxes and accounting.
Do you regularly travel on business trips by car? If you do, you probably know that the travel expenses compensation changes every year.
Do you invest in research and development in the course of your business? If you do, you should also know how to properly account for R&D costs.
At the beginning of the new year, the amount of meal allowances for business trips was adjusted by Decree of the Ministry of Labour and Social Affairs No. 511/2021 Coll.
Since 1 January 2014, the legislation governing public registers imposes the duty to file certain documents in the Collection of Instruments. Penalties may arise for non-compliance with this legal requirement.
Casual income is one of the ways to earn extra money. It can also be beneficial for those who offer such an opportunity and pay for the work.
Are you thinking about starting a business? The decision to become your own boss is certainly important and can affect your whole life.