Blog
Tips, news and inspiration from our field
Articles that help you make better decisions. A place where we share our insights and inspiration.
Latest articles
Business and start-ups · Employment and labour law · September 19, 2024
Employment contract: what must it contain and what can it contain?
An employment contract is the basic document governing the relationship between an employee and an employer. This article explains the mandatory and optional particulars of an employment contract. WRITTEN FORM AND INFORMATION ON WORKING CONDITIONS A valid employment contract must be concluded in writing. Oral agreements are not enough. Before the contract is signed, the employer must inform the employee of their rights, obligations and working conditions.
Read article →
Finance and financial management · Business and start-ups · Social and health insurance contributions · Employment and labour law · September 5, 2024
Running a business and receiving unemployment benefit: is it possible?
Can an entrepreneur, such as a shareholder or managing director of an s.r.o. or a self-employed person (SZČO), bridge a period without income with unemployment benefit? You will find the answers to these questions in the following article.
Read article →
Finance and financial management · Business and start-ups · Employment and labour law · August 8, 2024
AVERAGE MONTHLY WAGE FOR 2023: THE RESULTS AND THEIR IMPACT ON 2025
The Statistical Office of the Slovak Republic has published data on the average monthly wage of an employee for 2023. In this article, you will find out what it amounts to, in which sectors and regions employees earn the most, and how these figures will affect various parameters in 2025.
Read article →
Business and start-ups · Employment and labour law · July 30, 2024
NEW MEAL ALLOWANCE AMOUNTS FOR DOMESTIC BUSINESS TRIPS
In June 2024, the Ministry of Labour, Social Affairs and Family of the Slovak Republic published preliminary information on the increase in the meal allowance for domestic business trips. This step will also affect other figures. Let us take a look at what changes lie ahead and when we can expect them to take effect.
Read article →
Legislation and amendments · Employment and labour law · July 30, 2024
AMENDMENT TO THE LABOUR CODE – KEY CHANGES FROM 1 AUGUST 2024
On 18 June 2024, the National Council of the Slovak Republic approved an amendment to Act No. 311/2001 Coll., the Labour Code, which will take effect on 1 August 2024. This amendment brings several changes to labour law, including the possibility of wages being paid by the service contractor in the Slovak Republic and adjustments to work performed by minor employees.
Read article →
Business and start-ups · Employment and labour law · May 14, 2024
THE STATE WILL REIMBURSE 90% OF THE COST OF TRAINING NEW EMPLOYEES
Dozens of young people are now starting their careers through a state support project called Right to a First Job, which enables them to acquire the necessary work skills. The project gives employers the opportunity to train new employees almost free of charge, with the labour ministry refunding 90% of their wage costs for six months.
Read article →
Finance and financial management · Employment and labour law · April 9, 2024
New subsidies – employment support in 2024
From 2 April, the national programme Financial Incentives for Employment, organised by the Ministry of Labour, Social Affairs and Family, will be launched. The project is designed to support young people under 30 and those who face disadvantages on the labour market.
Read article →
Finance and financial management · Business and start-ups · Accounting · Employment and labour law · March 14, 2024
WHO FILES AN INCOME TAX RETURN?
The following are required to file an income tax return: This year, the deadline for filing the income tax return is 2 April 2024. In addition to filing the tax return by the regular deadline, you can request an extension of the deadline for filing the tax return, either: HOW TO EXTEND THE DEADLINE FOR FILING A TAX RETURN?
Read article →
Finance and financial management · Employment and labour law · February 13, 2024
Employee annual tax reconciliation for 2023
All individuals whose taxable income in 2023 exceeded half of the non-taxable portion of the tax base will have to settle their tax liability for 2023 (in 2024). In 2023, the non-taxable portion of the tax base is €4,922.82.
Read article →
Finance and financial management · Business and start-ups · Social and health insurance contributions · Accounting · Employment and labour law · September 15, 2023
Working with an external partner
WHAT ARE THE ADVANTAGES AND DISADVANTAGES OF USING AN EXTERNAL COMPANY FOR ACCOUNTING AND PAYROLL? In today’s fast-paced and competitive business environment, many businesses are turning to new strategies to improve efficiency and reduce costs. Outsourcing, that is, entrusting certain business functions to third parties, is one such strategy, and it is becoming increasingly popular.
Read article →
Finance and financial management · Employment and labour law · September 6, 2023
Employing minors
With the new school year, which got under way this very week, comes an important topic: the employment of young people in Slovakia. Education and work go hand in hand for young people, which is why it is important to know the legal aspects and obligations relating to the employment of minors. Both of these spheres have an impact on the future of our young people.
Read article →
Finance and financial management · Business and start-ups · Accounting · Employment and labour law · August 24, 2023
“Business news: setting the minimum wage for 2024 and changes in penalties for tax breaches”
Minimum wage 2024 On 21 August 2023, employer and employee representatives agreed on the amount of the minimum wage for 2024. The minimum wage for an employee paid a monthly wage will be €750 (this applies to the first level of work difficulty). The minimum wage for each hour worked by an employee with a set weekly working time of 40 hours will be €4.310.
Read article →Need advice with your accounting?
Arrange a consultation with our experts.