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RSM becomes provider of IT technological services in the Czech Republic and Slovakia

1.9.2016
The sixth largest consulting network in the world is expanding in the Czech Republic and Slovakia. RSM now includes Infinity, an IT company that is changing its name to RSM CZ and assuming the RSM network corporate visual identity with effect from 1 September. Beside its subsidiary RSM CZ, which has been a RSM member for […]
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Real estate acquisitions more expensive for developers after 1 November 2016?

22.8.2016
About half a year ago, we informed you about changes made by the Senate’s legislative measure regarding real estate acquisition tax. These also include a major change as to the payer of the tax. After many discussions and negotiations, an amendment was published in the Czech Republic’s Collection of Laws last week, stipulating that in […]
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Dependent child tax credits for personal income tax payers in 2016

17.8.2016
Dear Reader, Today’s issue introduces the amendment to the Income Taxes Act (No. 125/2016 Sb.) which took effect on 1 May 2016. The amendment has introduced changes to child tax credits. So what are the current rates? The amendment increases the tax credit for a second child by CZK 100 per month (with the annual […]
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Internal audit

9.8.2016
About a month ago, we hosted a workshop, organised within the RSM network, which focused on internal audit. This event was a very interesting opportunity for us to meet people from all around the world, who have been engaged in this field for a long time. We would like to share with you our view […]
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Why the Oracle NetSuite deal makes sense?

5.8.2016
Originally published on the Cloud ERP Advisor blog. News broke that Oracle entered into a definitive agreement to acquire NetSuite for approximately $9.3 billion. Coming from a background in both the Oracle and NetSuite ecosystems I’d like to offer my insights into why this is a good move for both companies and how it will […]
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The future of education in accounting

27.7.2016
As technology advances over the course of the next generation, the world-wide economy will continue to expand and become even more interconnected. The accounting industry and the educational system behind it are somewhat late to the globalization train. With stark differences in accounting standards adopted by each country throughout the world, a significant challenge arises […]
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Bank requirements for expert assessment related to financial assistance

18.7.2016
The recent increase in transaction activity in the market and in acquisition financing has prompted financing banks to require an assessment of fair conditions under which financial assistance is given, as laid down in Section 200(1)(a) and Section 311(a) of the Companies Act. In acquisition financing, the parent company (the buyer) very often makes use […]
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Electronic cash registers enacted – Go-live date set for December

7.7.2016
The Electronic Cash Registers Acct has been adopted and published in the Collection of Laws on 15 April 2016 (as Act No. 112/2016 Sb.), jointly with accompanying Act No. 113/2016 Sb. The obligation to introduce electronic cash registers (ECRs) is divided into stages by the type of payments received by taxpayers in their businesses. On […]
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12 best businesses in Europe

6.7.2016
WINNERS OF 2015/16 EUROPEAN BUSINESS AWARDS PROGRAMME CROWNED AT GALA EVENT IN MILAN EUROPE’s 12 best businesses are celebrating after being named winners in the 2015/16 European Business Awards, sponsored by RSM, at an exclusive awards ceremony in Milan last night attended by prominent businesses leaders, European ambassadors and government ministers. The winning businesses achieved […]
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Employment termination v maternity/parental leave

6.6.2016
Dear Readers, Today’s issue of our Newsletter describes the options for terminating the employment of employees on maternity or parental leave. Employment may be terminated irrespective of the maternity or parental leave, in one of the following methods: Agreement to terminate employment Using this method, employment may cease in all cases. It is a bilateral […]
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