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Business and start-ups · August 16, 2023
Is the managing director liable for the company’s debts?
The managing director is an executive body whose right and duty is to manage the company and act on its behalf. When the company is founded, the managing director makes no contribution and takes no part in paying up the share capital. They are not even liable for the company’s debts. The managing director is obliged to perform their duties with due professional care so as to prevent damage to the company they manage.
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Business and start-ups · August 9, 2023
“Warning for entrepreneurs: fraudsters are posing as the tax office and demanding payments!”
ENTREPRENEURS, BEWARE! FRAUDSTERS HAVE ONCE AGAIN SET THEIR SIGHTS ON BUSINESS OWNERS AND WANT TO EXTORT MONEY FROM THEM. Fraudsters exploit security gaps and people’s gullibility in various ways, including fraudulent e-mails aimed at financial gain. Entrepreneurs and companies are among the most common groups of victims of these scams.
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Legislation and amendments · Business and start-ups · Employment and labour law · August 4, 2023
Another increase in the meal allowance in 2023 – draft legislation
The meal allowance amounts for business trips were last adjusted by Measure No. 171/2023 Coll. of the Ministry of Labour, Social Affairs and Family of the Slovak Republic on meal allowance amounts, effective from 1 June 2023, on the basis of the price index for food and non-alcoholic beverages in restaurant catering for January 2023. We informed you about this, and you can read about the latest change to the legislation here.
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Finance and financial management · Legislation and amendments · Business and start-ups · July 19, 2023
Amendment to the Cash Payments Act effective from 1 July 2023
Act No. 394/2012 Coll. on the Limitation of Cash Payments, which sets out rules on restricting the use of cash payments, took effect on 1 January 2013. An amendment to this act, effective from 1 July 2023, has unified the restriction on cash payments at a value exceeding €15,000 for both individuals and legal entities.
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Legislation and amendments · Business and start-ups · Social and health insurance contributions · Employment and labour law · July 12, 2023
Overview of legislative changes effective from 1 July 2023
Increase in the basic allowance for each 1 km driven from 1 July 2023 Measure of the Ministry of Labour, Social Affairs and Family of the Slovak Republic No. 247/2023 Coll. of 27 June 2023 changes the amounts of the basic allowance for the use of road motor vehicles on business trips with effect from 1 July 2023.
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Business and start-ups · June 28, 2023
Mandatory information on a website
It is common practice for companies to have their own websites. A website improves the company’s image, creates room for promoting the company and is often also the first point of contact with the company. However, running a website also comes with certain obligations. These arise mainly from the Commercial Code (Act No. 513/1991 Coll.).
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Finance and financial management · Business and start-ups · June 21, 2023
Transferring assets from a sole-trader business to an s.r.o.
When we start a business and are not sure whether it will work out, we usually choose the simpler form of doing business, i.e. a trade licence. But what should we do if things are going well, we have a high turnover and we do not want to pay high social and health insurance contributions? To save money, we decide to switch to a limited liability company (s.r.o.). But what should we do with the goods and assets we bought under the trade licence?
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Finance and financial management · Legislation and amendments · Business and start-ups · Employment and labour law · May 31, 2023
Employing people for seasonal work from 2023
Employing people for seasonal work from 2023 From 2023, employers who need to hire people for short-term work have the option of concluding an agreement on work activity for seasonal work.
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Finance and financial management · Business and start-ups · Accounting · May 17, 2023
Payouts from other capital funds
IS A PAYOUT FROM A COMPANY’S OTHER CAPITAL FUNDS TAXABLE INCOME? Income from a payout of other capital funds, if it accrues to an individual, is taxable income that forms part of other income under Section 8 of the Income Tax Act.
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Finance and financial management · Business and start-ups · May 4, 2023
Taking money out of an s.r.o.
WHAT ARE THE WAYS OF TAKING MONEY OUT OF AN S.R.O.? Did you finish last year in profit? Have you met your obligations, filed your tax return and paid your tax, and now you do not know how to pay yourself money out of the company? There are several ways you can take money out of your company.
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Finance and financial management · Legislation and amendments · Business and start-ups · Employment and labour law · April 26, 2023
Meal allowance increase in Slovakia: what is changing for employees and self-employed persons from June 2023 (proposal)
The Ministry of Labour, Social Affairs and Family of the Slovak Republic recently published a draft measure on meal allowance amounts (LP/2023/209) on the slov-lex.sk portal. This draft will go through the inter-ministerial comment procedure. The new meal allowance amounts are expected to apply from 1 June 2023.
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Business and start-ups · Accounting · Employment and labour law · Legislation and amendments · February 22, 2023
Changes in the law that affect every one of us
Increase in the tax bonus for a dependent child. From 1 January 2023, the amount of the tax bonus changed: for a dependent child up to the age of 18 – €140, for a dependent child over 18 – €50. Introduction of a minimum employee health insurance contribution. From 1 January 2023, a minimum employee health insurance contribution was introduced.
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