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5 most common challenges of the financial department – How to deal with them?

4.2.2022
In our practice, we often see financial department employees confronted by the need for digitalization that creates questions of how it will influence their workload, responsibilities, and business processes. More often they tackle terms like digitalization, automatization, robotization, quickly changing environment, blockchain, new systems and implementation, requirements of new skills, and complete transformation of their […]
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The new corporate income tax return form features two interesting innovations

4.2.2022
The first change is that a legal entity will now enter the amortisation of intangible assets acquired on and after 1 January 2021 in Part B of Schedule 1, Section II, on line 12 instead of line 10. However, intangible assets acquired before 1 January 2021 are not affected by the change, i.e. the amortisation […]
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The new corporate income tax return form features two interesting innovations

4.2.2022
The first change is that a legal entity will now enter the amortisation of intangible assets acquired on and after 1 January 2021 in Part B of Schedule 1, Section II, on line 12 instead of line 10. However, intangible assets acquired before 1 January 2021 are not affected by the change, i.e. the amortisation […]
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It is not only road tax returns and changes in property tax that need to be filed by the end of January this year

26.1.2022
In addition to the traditional annual road tax return and the real estate tax return, 31 January is now the deadline for notification of foreign income as well. While the Czech laws started requiring the notification of foreign income in connection with the withholding tax a long time ago, this deadline is a novelty. So […]
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New manager of the Slovak branch of RSM

25.1.2022
Dear business partners, dear clients of the RSM CZ & SK Group, we cooperate with many of you in both the Czech Republic and Slovakia, which is why we would like to introduce the new manager of our Slovak branch, Juraj Polák, who will be responsible for the activities, strategy and development of RSM in […]
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Payroll Changes for 2022

24.1.2022
We would like to inform you about what payroll changes you can expect from 1 January 2022. For example, you can learn about the increase in the minimum wage or the changes in drawing paternity leave. Minimum wage increase The minimum monthly salary for full-time work will increase from the current CZK 15,200 to CZK […]
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Choosing of company system from a view of project management

16.12.2021
The process of choosing ERP/CRM or a different company system (HR system, production solutions etc.) isn’t an easy process. One of its most difficult parts is usually looking for answers to fundamental questions: Where and how to start? The market is saturated with suppliers, solutions, and approaches. The last newsletter (newsletter) shows how to view […]
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Are you familiar with the transfer pricing settings?

6.12.2021
Transfer Pricing is typically one of the most significant tax issues for multinational groups, given its subjectivity. Increasingly, tax authorities worldwide are looking to ensure that profits are not inappropriately shifted through non-arm’s length pricing. It is no different in the Czech Republic. RSM is pleased to launch TP On Demand, a series of 10-minute videos, available  any time.  Join our […]
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VAT Remission for Gas and Electricity Supply

29.11.2021
In connection with the Decision on VAT Remission for Gas and Electricity Supply based on the decision of the Czech Ministry of Finance published in the Financial Bulletin No. 34/2021 (hereinafter “Decision”), we would like to inform you about the related issues that may affect your enterprise in this context. This Decision affects not only […]
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Financial and Tax due diligence and its significance in practice

26.10.2021
A widely-used term in M&A (transaction) consulting, “due diligence” means a legal, economic, financial or technical investigation of the company that is the subject of the transaction (often referred to as the “target”). The specifics of each transaction call for an accurate, detailed and tailored due diligence, which requires engaging competent advisors who keep abreast […]
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