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Finance and financial management · Business and start-ups · June 5, 2024
Dividends – payment and taxation for past accounting periods
Paying out dividends for past periods brings with it several important tax and contribution obligations, which depend on the accounting period for which the profit of the company or cooperative was generated. Below is an overview of the individual rules according to the period for which the dividends are paid.
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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.
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Legislation and amendments · Business and start-ups · May 8, 2024
How will the new Consumer Protection Act affect entrepreneurs?
The new Consumer Protection Act brings entrepreneurs new obligations and rules designed to bring domestic regulations into line with European legislation. Entrepreneurs, especially those who sell goods or services online, will have to update their business processes.
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Finance and financial management · Legislation and amendments · April 25, 2024
Draft law introduces a tax on sweetened soft drinks
With the aim of regulating the consumption of sweetened soft drinks and increasing state budget revenue, a draft act on the tax on sweetened soft drinks has been submitted to the inter-ministerial comment procedure. If approved, the draft will introduce, from 1 January 2025, a tax that will apply to all soft drinks sweetened with sugar or other sweeteners.
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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.
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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?
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Finance and financial management · Uncategorised · February 21, 2024
State assistance with housing loan repayments from 1 January 2024
How will the state support loan repayments in 2024? State assistance with housing loan repayments is governed by Act No. 508/2023 Coll. of 8 December 2023 and Act No. 526/2023 Coll. of 12 December 2023, which took effect on 1 January 2024.
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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.
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Finance and financial management · Business and start-ups · January 24, 2024
How can you take money out of an s.r.o. without paying tax or contributions?
If your business made a profit in the previous year, do not pay it out to yourself as dividends, and you will avoid the withholding tax on dividends. Save on tax. Move the profit into the social fund and pay yourself a generous cash meal allowance from this fund. Even if it were €200 a day, it is income exempt from tax and social and health insurance contributions.
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Finance and financial management · Business and start-ups · January 17, 2024
What are my tax obligations in January?
The start of a new year brings not only renewed plans and commitments but also the tax obligations that await us at the beginning of January 2024. As the start of the calendar year approaches, taxpayers face a range of tasks and responsibilities relating to their tax obligations.
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Business and start-ups · January 9, 2024
What happens to a company after its owner dies
What happens to a company when its owner dies? Inheriting a company is a specific type of probate proceedings governed by special rules. First of all, it has to be established whether the ownership interest forms part of the estate. If it does, it is inherited either by operation of law or under a will.
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Finance and financial management · Business and start-ups · Accounting · December 21, 2023
Closing the 2023 accounting year
Closing the accounting year means you are required to prepare financial statements for 2023. The preparation of the financial statements is preceded by the closing of the books, together with the related stocktaking and the closing of the individual accounts in the general ledger under double-entry bookkeeping. Closing of the books: – the process by which all accounts in the ledger are closed at the end of the accounting period, – carried out at the end of the accounting period (at the end of a month, quarter or year).
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