Trade licenses

With high inflation, every extra crown is useful. You can support your family budget even if you already have a job. Just start a business as a "side job". Find out what it takes. What are the options? Running a business while working is not difficult in the Czech Republic. Apart from your time and effort, you only need to complete a few…

Do you want to start doing business in the Czech Republic and you’re a citizen from another country? Don’t forget to take care of social security and health insurance. Compared to Czech citizens, registering for SS and HI as a self-employed foreigner comes with a number of specifics. Learn how you can avoid any complications. Duties, insurances,…

Do you dream of opening your own confectionery or car repair shop, but don't have a degree in the field? Don't despair - just make an appointment with someone who does. In fact, you can do business without school or work experience through a professional guarantor. Learn how to do it. Who is the responsible representative? The…

Do you have an interesting business idea or do you believe you can sell your skills better on your own than on a temporary job? Start a business while you study! You can easily handle the business license and a few administrative steps. Start your career now and gain valuable practical experience before you collect your school leaving…

Despite the beginning of the holidays, including the parliamentary ones, it is not a bad idea to summarise what changes in the field of taxes are planned for the next year. Their final form will depend on the legislative process, but a number of the items under discussion have relatively broad support across the political spectrum, so their…

From 1 July 2022, two amendments relating to road transport will enter into force. Which are they and what do they change? ROAD TAX NOW ONLY ON LARGE VEHICLES The first amendment relates to the Road Tax Act. In order to limit the impact of the war in Ukraine on taxpayers, the government decided to significantly narrow the road tax, i.e. to limit…

There are several formalities involved in starting a business - among them the determination of the company's registered office or trade. However, you often cannot do without the consent of the owner of the property in question. Read on to find out what to think about before registering. WHY DO YOU NEED CONSENT FOR THE LOCATION OF THE REGISTERED…

It is not difficult to set up a business in the Czech Republic - that is probably why almost every fifth person in the Czech Republic is in business. You just need to meet a few legal conditions. See which ones. In the previous article, we discussed the process of setting up a trade. Today, we'll take a closer look at the steps that are worth…

In commercial corporations, there are several ways of guaranteeing the debts and obligations of the company, including the so-called equity guarantee. Who is self-insured in a business and how does it work? Find out in the article. In legal terminology, liability refers to the performance of another person's obligations; in the case of a…

A side business is an ideal option for anyone who wants to earn extra money to supplement their studies or employment. Compared to your main occupation, it brings a number of advantages - you pay lower taxes and often you are not even subject to monthly insurance premiums. What are the other specifics of self-employed secondary activities? …

Make it easier for you to start your business and read our guide on how to go about setting up a business. We'll guide you through the entire process, from choosing a business to submitting the registration form. 1. CHOOSE THE TYPE AND BRANCH OF TRADE Successfully registering a trade starts with being clear about which business you want to be in. You…

Some mistakes are repeated in tax returns every year, even though the tax administration draws attention to them. Find out which ones - you'll increase your chances of getting your return right first time. Plus, we've prepared a guide on what to do if you've filed a return with an error. WHAT TO LOOK OUT FOR TO AVOID MISTAKES IN YOUR TAX RETURN …

Do you want to start a business, but don't know whether it is better to set up a trade or a company? We have prepared a comparison of the most common forms of business in the Czech Republic! Take a look at the differences, read the advantages and disadvantages and specific practical examples. We hope that at the end of the article you will be clear which…

Under the flat-rate scheme, you pay one amount each month, which includes social security, health insurance and income tax. The flat-rate tax gives you relief from administration so you don't have to worry about filing your tax return. But beware, it doesn't always apply! Find out which exemptions to look out for. FLAT-RATE TAX AND TAX RETURN - WHEN…

You're sending a letter to the IRS. You don't have an envelope and the post office hours don't suit you. Moreover, you are not sure that the office will actually receive the letter. A data box will solve these problems. In this article we will explain what a data box is and what are its advantages and disadvantages. We will also look at the…

On 28 February 2022, the tax portal at adisepo.mfcr.cz ceased to operate and the tax information boxes on this website can no longer be accessed. So where to file your tax return online in 2022? MODERNISED TAX PORTAL MOJEDANE.CZ A year ago, the Financial Administration launched a new tax portal Mojedane.cz and from this year all electronic filings will be…

The year 2022 brought major changes in the use of data boxes. As of 1 January, an amendment came into force that automatically sets all data box users to receive so-called postal data messages (PDZ). Let's explain in detail what the change actually is, what you should look out for and what benefits it brings to you. In another article, we have already…

When you want to start working for yourself, a sole proprietorship is the easiest and fastest way. Before you go to the office, think about which type of business and what you want to do. You already know what you will be doing, but how do you translate your business into the language of the authorities? Our article will help you with that. BASIC…

The taxation of cryptocurrencies is not yet firmly anchored in Czech legislation. However, there is no doubt that cryptocurrencies are intangible movable property and you should not forget to include a number of transactions in your tax return. How is the possession, exchange or sale of cryptocurrencies taxed? Find out in our article. …

Tax records and accounting are two different things. It is common for new entrepreneurs to be confused about these concepts and not know which one to choose. So let's explain both terms. We will describe the differences and you will learn who has to keep tax records and who has to keep accounting records. WHAT IS TAX REGISTRATION? The main objective of…