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Amendments to the law change many of the rules that have been in place for performance work agreements (PWAs). This popular way of earning extra income is not only subject to central registration, but also to new rules and a cap on levies. Join us for a look at the main changes affecting PPAs in 2024/2025*. What is a…

A limited liability company is the most popular type of company mainly due to its simplicity and limited liability of its owners (partners) for liabilities. But how does "limited liability" for debts work in practice? Find out if and what the partners, the managing directors and the company itself are liable for. Bodies in a limited…

You know each other well, maybe you've been partners, siblings, classmates or best friends since kindergarten. You have a great business idea, so you decided to start a company together. What could go wrong, you think. But even the best personal relationships can't guarantee a successful business partnership. What to look out for when you're…

While some voluntarily register for VAT, others want to avoid the VAT regime - therefore, when they exceed the turnover threshold for compulsory VAT registration, they prefer to set up a new company and charge from scratch. Find out why this is an inappropriate practice. Article content: When does a company become…

You've decided to do business in the UK market, chosen the right form of business and now you want to make sure you haven't forgotten anything after setting up in the UK? Read on for a summary of the main obligations you may face as a Czech entrepreneur in the UK. Applying for a visa The requirement to apply for a visa to do…

The marketing mix is one of the easiest tools you can use in business to plan your strategy and achieve better results. Learn about its principles and put them into practice with the easy-to-follow guide we've written for you. Marketing strategy ≠ marketing mix Marketing mix is often confused with marketing strategy. However, it has a…

Ltd companies are one of the most popular forms of business in the UK - similar to limited companies in the Czech Republic. Are you tempted to set up a Ltd. company but don't know how to do it? We'll guide you through the whole process so you can start your UK business with confidence. Whichever company you decide to set up in England,…

Doing business in England sounds attractive in terms of market size, potential, affordability and corporate taxation. But how to do it? We'll help you get your bearings - an overview of UK company types and other options will make your decision easier. How to do business in the UK? The business environment in the UK is similar to…

Determining tax residence can be confusing – whether you’re a Czech working abroad or a foreigner working in Czechia. Discover the criteria that will help you know where you should be paying income tax. General Rules for Tax Residence It sounds inviting – you find a country with an interesting social or tax system and choose to start your business…

Are you interested in the road transport business operated by large vehicles? Find out what conditions to meet to obtain a licence and how hauliers prove their financial fitness. What is large vehicle transport? The category of "large" road transport includes: Passenger transport by vehicles carrying more than 9…

Are you doing business in the Czech market, but would you like to relocate your company to Malta, Switzerland, USA or vice versa? We will introduce you to the amendment to the Act on Company Conversions, which newly facilitates the conditions for changing the seat of a company outside the EU. What does the amendment to the Company…

You have probably already encountered terms such as mergers, acquisitions or company splits. The amendment to the Business Corporations Conversion Act now introduces a new concept, the spin-off. Find out how spin-offs differ from other types of conversions and how they work in practice. What is a corporate conversion by spin-off? In July 2024,…

When looking for ways to lower taxation, athletes often toy with the idea of changing their tax domicile. However, such a change is not possible for everyone and will only bring real savings to some. Find out under what conditions an athlete can benefit from a change in tax residency without unnecessary risk. The key to taxing…

Imagine you want to build a house - you have a vision, tools, finances and a team of people. But that's not enough to build a new home. Without a plan and coordination, chaos, delays, additional costs... And it works the same way in business. Make planning and meeting your goals easier with project management. We'll show you how. Why do…

Do you want to volunteer, raise money for a good cause, support the community in your area, or have a group with whom you share a common interest? Find out how a non-profit organization can help you do just that! What is a non-profit organization? A non-profit organization (NO) is a type of legal entity. However, its main purpose is not to make…

Are you interested in charity or do you want to develop a common interest with other people in the field of sport, culture, ecology or perhaps your hobby? Start a non-profit organisation. We will advise you on which legal form to choose and how to go about setting up a non-profit. The essence of a non-profit organisation As the name…

The fundamental change to the Accounting Act will lead to amendments to a number of accompanying laws. One of them is the Income Tax Act (ITA), which should undergo a complete transformation. Find out how the terminology and tax depreciation rules you have been used to will change. Planned changes to the Income Tax Act The amended Income Tax Act…

Do you have a great business idea in your head? Create a basic financial plan before you go ahead. It will help you to determine the costs of starting your business, the expected income and an estimate of profit. In the long run, it will make it easier for you to manage your finances effectively. What is a financial plan for? A financial plan is…

All companies registered in the Commercial Register, associations, societies, institutes or foundations must publish their accounts. It tells about the company's management, its financial stability and its ability to stand in the future. Find out what it contains and why, and how to navigate through it. What are financial statements? …

Do you pay royalties abroad? And are you sure who is the actual recipient? Find out when you pay the full amount of withholding tax on royalties and when you can reduce it on the basis of double taxation. What are royalties? In the Czech environment, royalties are defined by the Income Tax Act (§19 of the Income Tax Act). Such…