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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…

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…

Starting a business requires careful preparation. However, in order not to make an important step blindly, it is worth mapping out the environment you want to enter with your idea in advance. Strategic analysis methods are used to assess the market situation, which you can use not only when setting up your company, but also for key management…

A business plan will give your idea of a new company a concrete form. It will help you not only in finding investors, but also in starting the business itself. Read on to find out what the plan should look like. What is a business plan? A business plan, or business plan, summarises the basic facts about an emerging business. It also outlines…

Once you've filled in and sent in your tax forms, all that's left to do is pay. But what information to use when paying your taxes? We'll explain the rules to make sure your taxes get where they need to go. Bank account for tax payment The bank account number depends on which specific tax or fee you want to pay. For…

Many employers provide sports, recreation or cultural allowances for their employees. The reason is clear - to motivate their current or future employees. However, these benefits may also be subject to taxation. Monetary or non-monetary - that's what it's all about The tax treatment (both on the employee's and the employer's side) varies…

When you register your company, you provide the address where you plan to formally establish your business. However, you can't use any location - there are legal criteria for the registered office too. Read on to find out what they are. What is the purpose of a registered office? The registered office is the place from which you officially run…

On 1 December 2022, Act No. 366/2022 Coll., also known as the "2023 Tax Package", was promulgated in the Collection of Laws, which comes into force on 1 January 2023. It contains a number of amendments to existing legislation in the area of VAT or personal and corporate income tax. Read on to find out what is changing. VAT changes: higher…

Do you plan to trade with countries outside the European Union? Then be sure to register with EORI to avoid problems at the border. Find out exactly what it is and how to get it in this article. What does EORI mean and what is it for? It is a unique identification number used in customs procedures. Every business that…

Business is booming; are you looking for opportunities for further growth? The solution may be to switch from a self-employed person to a limited company, i.e. to transfer your business from a natural person to a legal entity. We will advise you on how to make the change. Setting up an LLC and the subsequent change of business form is a minor…

Thanks to a recent amendment to the law, many companies are no longer affected by the road tax. Since the change occurred only during the year, many businesses have overpaid the tax. Are you one of them? Road tax overpayments exceed one billion During 2022, the Road Tax Act was amended due to economic developments. This amendment…

Selling a property can raise a decent amount of money in today's market. However, this amount is also subject to income tax, which can easily run into hundreds of thousands of crowns. Fortunately, the law sometimes allows this income to be exempt from tax. We have written down the conditions you need to meet. Basic criteria: length of ownership…