Tips and advice

Millions of Czechs file their personal income tax returns (DPFO) every year. However, many of them don’t know how and when to file them correctly. That’s why we’ve summarized the most important rules for you. Read the most important facts: When should you file your tax return? Who is required to file a tax…

As a business owner, you file a tax return every year to calculate how much income tax you owe the government. We’ll guide you through determining your taxable income and the tax amount. Step-by-step guide: Add up all your income Set aside tax-exempt income Deduct applicable expenses Calculate your tax base Reduce the…

A reliable accounting partner isn’t just an expense—it’s an investment that gives you peace of mind and time to grow your business. When you’re just starting out as a self-employed individual, an Excel spreadsheet might suffice, but once you register for VAT, the rules of the game change. How can you spot a professional who will keep track of…

Every entrepreneur focuses on their product when starting a business—how to promote it and, above all, how to sell it. This is where the growth and value of the company are created. When things are going well, money flows and everything seems to run smoothly. Sometimes, however, growth alone is not enough. Business is booming, but there is no cash…

When Czech startups want to expand into foreign markets, they often face a dilemma: should they establish subsidiaries in each EU country, or move directly to the US (Delaware) for simpler legislation? The introduction of a single pan-European legal form, EU Inc., would remove at least 27 national barriers. What you will learn in this article: …

Do you know what your employee is entitled to when you send them on a business trip, and what you must not forget? Find out under what conditions an employee can go on a business trip and what expenses are associated with it. What is a business trip? A business trip is nothing more than the legal term for the colloquial expression "business…

Are you planning to start a business as a self-employed financial advisor or insurance broker? We will guide you through the necessary authorizations, obligations towards the Czech National Bank, and tax and contribution settings—all in a clear manner and without unnecessary paperwork. What you will learn in this article: Financial advisor…

Have you started a business and your company was established in the last 3 months of the year? Postpone your first corporation tax return until next year! We will tell you how to proceed. Who can extend their accounting period? If your company was established between 1 October and 31 December, you can apply to the tax office for an extension…

Running a business as a sideline is an ideal option for anyone who wants to earn extra money for their studies, employment or even maternity leave. Compared to your main gainful activity, it brings a number of advantages - you pay lower taxes and often do not have to pay social security and health insurance contributions. What are the other…

You pay one amount each month, which includes social security, health insurance and income tax. The flat-rate tax has relieved you of annoying paperwork so you don't have to worry about tax returns. But don't rejoice prematurely - it doesn't always apply! Find out which exemptions to look out for. Flat-rate tax and tax returns - when to…

In addition to the salary, interesting workload and a relaxed team, the company's benefits also contribute to employee satisfaction. In addition, they will also help you with recruitment. However, setting up benefits translates into the tax burden of the company and the employees. Take a look at the different types of benefits and their tax…

Do you want to transfer a share in your company more easily than through a notary? Share certificates may be the right solution. In this article you will find out what exactly a share certificate is, how it differs from a regular share, how to transfer it and how to cancel it if necessary. What you will learn in the article: What is a share…

You went to the trouble of coming up with a company name, but now you need to change it. Maybe because it contains the name of a partner who is no longer in your company. There are countless reasons to change your company name, but it's important to know that as the owner, you can change it at any time. So how does changing the company name work? …

Deciding whether to be employed or to embark on a career as an entrepreneur doesn't usually come overnight. Sometimes circumstances lead you to it, other times you may already be running a business on the side and wondering if you should start a full-time business. Whatever the reason you're considering a change, it's worth knowing how a trade and…

Are you in business and looking to finance your own home or investment property? Banks are stricter on business income and often want more documents than they do for employees. What do they really look for, how do they differ, and why will your choice of approach and institution significantly affect your chances of approval? Get an overview of how…

Are you going to set up a limited company and instead of cash you want to put an item, know-how, software or perhaps a business plant into the share capital? We will explain to you in practice how to value and register such a non-cash contribution and what risks may be associated with it. What you will learn in this article: What is a non…

A public limited company (plc) is a more advanced form of capital company, particularly suitable for larger projects and more investors. Establishing an Incorporated Company is more demanding in terms of preparation and administration than an LLC, but it brings much wider possibilities. Read how to set up a public limited company step by step -…

Terminating an employee's employment relationship can be a challenging topic both humanly and legally. Termination of employment by an employer is limited by law and therefore a number of rules must be followed. Find out how to properly terminate an employee and what your options are when doing so. What you can learn in this article: …

Are you going to close your self-employed business and cancel your VAT number? Read our guide on how to cancel a trade licence. We'll advise you on what to look out for, what to do and which authorities to notify that you are quitting your business. The difference between discontinuing and ending a trade First, think about whether you really…

Do you need to take a break from your business, either for another job or a change in priorities? It is not necessary to close your business straight away. A temporary break is much more practical. When you want to start again, just renew it and you can continue as self-employed. See how a business break works and what you need to do it. Suspend…