Crowe news

Crowe news 05/2019

We are sharing insights from the field of taxation, law, accounting and business.
psj

Crime-as-a-Service

In the 1920s, the modernization of organized crime was initiated, the mafia gangs of that time operated according to their own solid, rules, was well structured, globalized, hierarchical, using a sophisticated system of anonymization, thus erasing the possibility of tracing the real culprit. The mafia did not use assassinations only to protect its own ranks and rules, but above all as a tool for growing business. One hundred years later, we are experiencing a globalization of cybermafia, which uses ransomware, phishing, or other weapons instead of a Lupara shotgun. Rental cyber-criminals are given similar tasks as mafia pawns, either to dispose of someone or to rob individual or whole businesses while the motive is the same - a trade war. 

psj
Petra Štogrová Jedličková
Country Manager
Crowe
iv

Adaption Act and changes in GDPR

Act No. 110/2019 Coll., On the Processing of Personal Data, entered into force on April 24, 2019. The newly adopted Personal Data Processing Act inter alia repeals the Act of 2000. This law makes use of some of the privileges to determine the different treatment of personal data processing in selected cases.

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Ivana Brancuzká
Payroll Manager
Contract Administration
pavla

Physical stock count - Compliance with legislative obligations does not have to be boring

Have you ever wondered how to perform a physical stock count a dunghill or a herd of cows? How to account a newborn calf and when does a cow become a property?

pavla
Pavla Kratochvílová
Pavla Kratochvílová
Crowe
lucie

Changes in tax laws from April 1, 2019

On 1 April 2019, Act No. 80/2018 Coll., The so-called Tax Package 2019, came into effect that amends, inter alia, the VAT Act. Selected changes in VAT Act are listed in the article.

lucie
Lucie Švarcová
Certified Tax Advisor
Crowe
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Calculation of the fully forfeitable amount is changing!

The Government Decree will, from June 1, 2019, change the calculation of the so-called fully forfeitable amount more fundamentally. 

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Ivana Brancuzká
Payroll Manager
Contract Administration
bv

“None of us are as smart as we are all together.”

At least that's what the famous Japanese proverb says. And we have no choice but to agree! For over 20 years, we have been one of the established consulting, tax and auditing companies on the Czech market. Crowe Global is the 8th largest network of accounting advisors in the world. We draw on local and international cooperation and experience, forming important strategic partnerships. How does this happen in practice? E.g. we participated in the EMEA conference of Crowe partners in Warsaw or we discussed important issues of Czech business with our partners at another regional meeting of Diamonds of Czech Business.

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Barbora Veselá
Business Development & Communication
Crowe
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“It’s finally here!”…say employees

Are you wondering what is finally here? How we already informed you in the previous issues of Crowe News, in the past the Senate of Parliament was discussing a bill amending the sickness payment system. From July 1, 2019, the so-called waiting period should be abolished. 

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Ivana Brancuzká
Payroll Manager
Contract Administration