Log-book 22-2-2020, 4th Lesson: Each plant blooms differently
When you sail for a month at the Ocean, you logically leave a lot of living creatures on land: family, friends, firm, employees, colleagues, dog, ... and plants. Because you know in advance that you are leaving them, you are trying to insure everything for them to survive, but you still cannot get everything prepared by 100%. So when you land again in your home port, you're worried about who survived and how. I am excited about what I found at home and at work after my return.
Closing operations or how to properly close the accounting of the company
Companies that keep double-entry accounting are required at the end of the reporting period to prepare financial closure that precede the financial statements. How to do it correctly and what to watch out for?
Brexit is here!
More than three years after the referendum of the Great Britain and Northern Ireland (hereinafter the 'United Kingdom') on European Union (hereinafter the ´EU´) membership, the United Kingdom stopped being a member of the EU on 31 January 2020. The fact of Brexit brings, except others, changes in tax areas. Although 2020 is the Year of the Rat according to Chinese zodiac, the year will be the year of changes, setting up the system and conditions for Brexit in Europe.
Annual payroll agenda – part 2
In the last newsletter we explained how to handle pension insurance records and compulsory share of employees with disabilities statement. Let’s take a look at annual tax reconciliation now.
Good time for extension of deadline for submission of income tax return
Deadline for submission of Czech income tax return of individual as well as of companies without obligation of statutory audit for the calendar year of 2019 is 1st April 2020. The same date is set as due date of potential tax liability.
We awarded Diamonds
Our managers Andrea Kleinová and Petra Štogrová Jedličková attended the ceremony of the Czech Business Diamonds Awards for the South Moravian and Zlín Regions. Symbolic Diamonds represent a prestigious award for the performance of Czech companies in individual regions. The prizes are awarded on the basis of a ranking prepared annually by Bisnode analytical experts according to economic indicators for the last three years for all fourteen regions of the Czech Republic. For each region are awarded three best rated companies. Our country manager Petra Štogrová presented the prize for 3rd place in the South Moravian Region.