Accrual or reverse?
From time to time I hold a discussion with my clients on the topic whether an accounting entry should be accounted as an accrual on the account 389 - Estimated payables or whether it should be considered as a reserve (account 459 – Other reserves). And what about you? Are you clear about that?
Tax package finally approved!
The long-awaited tax package 2019, is finally approved. The Chamber of Deputies finally approved it on 12 March, 2019, in its original version dated 21 December, 2019 without any amendments proposed by the Senate. Most likely, the amendment will be promulgated in the Collection of Laws by the end of March 2019 and changes will take effect on 1 April 2019, with some exceptions.
Eva Pešková joined our team!
We are pleased to introduce you our new Crowe HR Manager Eva Pešková. Eva grew up in a Servodata company, starting as an assistant, working most of her career as HR director and COO, become a Board member. Her role in our company is to be a leader of the local HR department. Areas which she will cover combine internal HR activities with HR advisory services.
6 + 1 tips how to handle last-minute tax returns
The first spring day already passed and the most challenging period of the year is waiting for us, at least in terms of taxes. On 1 April, the income tax return deadline will expire for both legal entities and individuals. Speaking from experience, preparing a personal income tax return is not a popular activity for taxpayers (unlike tax advisors). How to avoid mistakes and perfectly manage preparation of the tax return, even at the last minute?