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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…

Starting a business also involves initial investment. In addition to depositing the share capital, you need to complete several administrative steps to get your company off the ground. Most of these formalities are chargeable, so the establishment of an LLC will cost you several thousand crowns in total. What do I need to do and what are the…

Thenew year traditionally brings a number of legislative changes. Some of them will also affect entrepreneurs. For example, self-employed persons must adjust their payment orders to new amounts. The new amounts are based on the average wage Even in 2023, we will not be able to avoid the usual increase in monthly payments. Why? In the Czech…

Setting up a company in the Czech Republic involves a lot of administration. The whole process here takes even twice as long as in other developed countries. That's why it's good to have an overview of how to proceed. The procedure for setting up a limited liability company. Setting up a limited liability company takes time and patience. However,…

Thanks to the amendment to the Accounting Act, from 2022 you can ask the tax office to forward your company's financial statements to the registry court, which will publish them in the collection of documents. Would you like to take advantage of this possibility and make your work easier? Find out how to do it. What are the financial statements…

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…

You have drawn up the articles of association and registered the company in the Commercial Register (OR) - unfortunately, the paperwork associated with the new Ltd. does not end there. You will soon be facing other administrative and tax obligations. We will help you navigate them. Tax obligations One of the first administrative necessities you…

The tax deductibility of costs is a very complex topic, in which many companies struggle and some even try to shortcut the tax. How the administrative authorities deal with such a situation is shown by two cases concerning advertising, which were considered by the Supreme Administrative Court (SAC) in 2022. Tax (dis)deductibility of advertising…

Some of the costs of your business affect your income tax base and therefore the amount you subsequently pay to the state. However, other cost items will not affect the tax calculation. We have prepared a summary to help you understand the issues. How to know which costs are tax deductible? When preparing your income tax return,…

Paying taxes pleases few. Not only are you obliged to pay part of the money you earn to the state, but you don't miss out on the paperwork and possible checks. So you may wonder why anyone would volunteer to pay any tax. In the case of VAT, the answer is obvious - for many companies it pays. Are you one of them? And how do you voluntarily…

As a result of the turbulent economic situation and the general increase in prices (inflation), the decree regulating the amount of reimbursement for meals or the average price of fuel has been updated. How is the average fuel price changing? Due to the evolution of fuel prices on the market, there is an adjustment, although now only…

Are you planning to start a business? To start a company, you need a memorandum of association, which regulates the basic organisation of the company. Read on to find out exactly what it is and what it must contain. What is a memorandum of association? A Memorandum of Association is a document that establishes a company or cooperative…