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Planning to restructure your business?

23.2.2015
When deciding to carry out restructuring, numerous companies choose the beginning of a new fiscal year as the date of the restructuring, that is, typically 1 January. Given that many companies are now preparing to go ahead, we wish to summarise the key milestones of company restructuring from a valuer’s point of view: when an […]
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What to remember when choosing a cloud

16.2.2015
Storing a company’s data abroad might be tempting, but risky. Archiving data on a firm’s own server has become an obsolete solution. Today’s trend is cheap cloud centres where business data flow over the Internet. Nevertheless, what are the most frequent mistakes made by Czech managers when selecting a data storage centre?
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Tax returns – since January 2015 online only?

9.2.2015
Last January, a mandatory online filing was prescribed for VAT returns. An amendment to the Tax Code effective since 1 January 2015 has introduced another, more significant extension of mandatory electronic communication which will now apply to tax returns for 2014 filed after the effective date of the amendment (such as road tax, income tax, and real estate tax returns). Who and what is subject to this online filing requirement?
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Changes in accounting for employee business trips effective since 1 January 2015

2.2.2015
The Czech Ministry of Labour and Social Affairs issued a new decree which, as it is every year, slightly regulates the basic rates of compensation for the use of road motor vehicles, subsistence expenses for entrepreneurs and the public sector, as well as average fuel rates. Reimbursement for travel expenses is governed by the Labour […]
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Interview with Rolf Mählmann, Head of Family Owned&Managed Businesses

26.1.2015
This issue of our regular Family Office Newsletter takes us to Bremen, an old Hanseatic town where the tradition of family businesses is deeply rooted.  The history of family businesses offers extensive experience with property transfers between generations and may inspire successful families in the Czech Republic and Slovakia. This time, we have discussed succession […]
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Changes in payroll accounting from 1 January 2015

26.1.2015
A new year is here again, and it has brought changes in labour law as well as in personal income taxation. This Payroll Newsletter issue provides information about changes effective since 1 January 2015. We are also pleased to inform you that, since that date, we have been a provider of payroll outsourcing in Slovakia. […]
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Do you know that 60% of family businesses have no idea what will happen when the existing head of the family decides to retire?

12.12.2014
Do you know that 60% of family businesses have no idea what will happen when the existing head of the family decides to retire? Do you know that 70% of families have failed to successfully transfer their capital from the second to the third generation? Do you know that up to 60% of affluent families […]
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Family businesses 25 years after the Velvet Revolution – what next?

10.12.2014
Family businesses are the backbone of the global economy. According to recent studies, family enterprises create 70-90% of global GDP, have, on the average, 6.65% higher return on assets and in general comprise 80-98% of businesses in democratic countries. As much as 35% of the Fortune 500 companies comprise businesses classified as family (i.e. one […]
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Second reduced 10% VAT and other tax changes effective from 2015

11.11.2014
The Chamber of Deputies of the Czech Parliament has passed an amendment to the VAT Act and an amendment to the Income Taxes Act. If the amendments are approved by the Senate and signed by the President, most of the proposed changes will take effect on 1 January 2015. The amendment to the VAT Act […]
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RSM CZ launches new Family Office service managed by Michal Šubín

21.10.2014
RSM CZ has recently launched a new service for private clients – the Family Office. The service will be managed by Michal Šubín, who became the manager of the RSM CZ Family Office after nine years as Private Banking Manager and a leader of the private banker team at Slovak Privatbanka.
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