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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…

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…

After a year's break, we are once again facing the Summer of Grace - a state event aimed at debt relief for citizens. Debtors can easily and cheaply resolve their debts to the state administration. We will advise you how to take advantage of this chance. What debts are affected? This year, the state will forgive various penalties incurred…

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…

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…

The advantages of agency employment are used by many large companies. Sometimes even at the expense of the assigned employees, who have an unequal position in practice compared to the tribal employees. The approved amendment to the law changes the conditions. Read what the new rules are. At the end of April 2023, the government approved an…

As part of the consolidation of public finances, the government has presented a package of measures to help the over-indebted state treasury. Most of the planned adjustments concern taxes and other compulsory levies. Read on to find out what's in store. The proposed changes should apply from 1 January 2024 if the legislative process can be…

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…

If you file your tax return in paper form, even if you have a data box, you are liable to a penalty of CZK 1,000. This year, however, the authorities have decided to tolerate this mistake. Read on to find out who will be forgiven the fine. The news has confused many people At the beginning of 2023, the state set up data boxes for a number of…

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…

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…

It is not easy to determine which costs a company can deduct from its taxes. This is proved by the current opinion of the Regional Court in Brno. It recently considered a dispute about the tax deductibility of management services costs - and ruled against the plaintiff company. What rules apply to management services? Management services are…

Enthusiastic ovations, crowds of customers and millions in the bank. None of this comes overnight. The start of the journey to the entrepreneurial dream is usually much more modest. It all starts in the environment of a startup that will (hopefully) grow into a thriving company over time. We'll advise you on how to start one. What is a startup? …

What to look out for when starting a business, who to work with right from the start and what to do to keep everything running as it should? That's what we asked Czech entrepreneurs. Read their answers and make the most of them for your business. The biggest struggle? Taxes and authorities The first part of our survey results comes as no…

Tax returns are a nightmare for many entrepreneurs. You'll make a mistake or two when filling it out. That's why, in addition to the regular tax return, there are amended and supplementary returns. We will advise you when to use them. Regular tax return A regular tax return is a tax return filed by the deadline set by the tax code. You must…

Do you file a tax return? Do you know how to do it? In practice, this obligation applies mainly to entrepreneurs. But if you earned income last year from, for example, selling property, renting out your home, stocks and bonds, or combining several part-time jobs at the same time, you may not be able to avoid it either. Deadlines for…

The due date for payment of the real estate tax is approaching - the deadline for payment of the tax (or the first instalment) is 31 May 2023. From this year onwards, the paper postal vouchers traditionally sent to real estate taxpayers by the tax administration during May have been abolished in order to save money. Payment of the tax by postal…

Communication via data mailbox saves time - for many businesses, using a data mailbox is even mandatory. Since this year, their ranks are expanding to include more entities. Are you one of them? A data box for every entrepreneur The number of data boxes is on the rise. In addition, from 1 January 2023, an amendment to Act No. 300/2008 Coll.,…

After the employees have started, you will be expected to handle payroll and regular contact with the authorities. Other formalities are involved when employees leave the company. Read on to find out what to think about. What to do before you start? As a new employer, you cannot do without registering with the tax office, health insurance…

The business is growing, so you decide to hire reinforcements. However, with the first employee comes a fair amount of administration. Here's what to remember. As an employer, you have a number of obligations to: Czech Social Security Administration (ČSSZ),health insurance companies,the tax officeand other institutions. Your first step is…