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The third and the last part of our newsletters on the amendment to the Accounting Act explains further changes companies will have to face from January 2016.

7.12.2015
The third and the last part of our newsletters on the amendment to the Accounting Act explains further changes companies will have to face from January 2016. Purpose of financial statements The amendment to the Accounting Act (“Amendment”) introduces a new definition of the purpose of financial statements, which has been missing from the existing […]
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Changes in the Accounting Act in 2015 (Part II)

30.11.2015
Changes in the Accounting Act in 2015 (Part II) The second part of our newsletter about changes in the Accounting Act explains a new classification of consolidated groups, and the terms “public interest entity” and “report on payments to governments”. Classification of consolidated groups Consolidated groups will be classified as: small consolidated group (not mandatorily […]
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Selling a company by yourself or through an adviser?

30.11.2015
When considering selling their businesses, company owners unfortunately fail to ask themselves the fundamental question: Should I hire an adviser to organise a successful sale? Around the world, hundreds of companies change hands every day. Although the former owners are experts in their lines of business, they need not necessarily be experts in corporate finance […]
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Changes in the Accounting Act in 2015 (Part II)

30.11.2015
The second part of our newsletter about changes in the Accounting Act explains a new classification of consolidated groups, and the terms “public interest entity” and “report on payments to governments”. Classification of consolidated groups Consolidated groups will be classified as: small consolidated group (not mandatorily required to prepare consolidated financial statements if there is […]
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Minimum wage in Germany – impact on Czech employers

15.11.2015
Czech employers sending their employees on assignment to Germany are required to comply with the minimum wage prescribed there. However, this is a requirement that only a few Czech employers are aware of and, therefore, are failing to meet their statutory duties. The law governing the minimum wage has been in effect in Germany since […]
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Changes in the accounting act in 2016 (part I)

1.11.2015
New Year 2016 is approaching, ushering in new changes and obligations introduced by the most extensive amendment to the Accounting Act in recent years. As the amendment was signed by the President on 25 August 2015, it will surely have an impact on all companies. The draft amendment was prepared based on Directive 2013/34/EU of […]
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Introducing the new global RSM

26.10.2015
I am writing to inform you of an exciting development for our firm and our global network, RSM International. As you may be aware, our firm has been a member of the RSM network since year 2011. RSM is the seventh largest network of independent, audit, tax and consulting firms in the world with member […]
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Property acquisitions more expensive for developers after April 2016?

16.10.2015
Some two years ago, we informed you about changes the Senate adopted to amend the proposed bill (later a statutory measure of the Senate) on real estate acquisition tax. Part of the amendment fundamentally changes who is responsible for paying the tax. At the last minute, the Senate permitted application of the current regulation in […]
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Holding in the Czech or Slovak republic is still more attractive. In the Netherlands, it is becoming increasingly difficult

9.10.2015
On last year’s Prinsjesdag (Budget Day) 2014, the Dutch State Secretary for Finance addressed a letter to the Netherlands House of Representatives entitled ‘Choices for a better tax system’. The letter set out the ambitions of the government with regard to reforming the tax system. In the Annual Budget 2016 released earlier this week, the […]
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Transfer pricing, or a Trojan horse on duty with tax administration

22.9.2015
The tax administration itself has set up a Trojan horse recently. Where and how?
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