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
Finance and financial management · Business and start-ups · October 19, 2022
Voluntary VAT registration
Many entrepreneurs ask whether they can become a VAT payer even if they have not reached the required turnover. Under Section 4(2), a person who does not meet the condition of reaching a turnover of €49,790 or more may also apply for voluntary VAT registration.
Read article →
Finance and financial management · Business and start-ups · October 12, 2022
Lower taxes on motor fuels in 2023
Under the proposed amendment to the law, the value added tax rates on motor fuels will be adjusted as of 1 January 2023. As the amendment of 30 September 2022 specifies in more detail, the change is to be made to Act No. 222/2004 Coll. on Value Added Tax, as amended. The change in VAT will apply to both motor petrol and gas oil, more commonly called diesel.
Read article →
Finance and financial management · Cryptocurrencies · Business and start-ups · October 10, 2022
New taxation of cryptocurrencies in Slovakia
On 30 September 2022, Act No. 595/2003 Coll. on Income Tax, as amended, was amended by an act that also amends and supplements certain other acts. This act governs income taxes, and its most recent amendment concerns a change in the taxation of income from cryptocurrencies.
Read article →
Finance and financial management · Business and start-ups · October 6, 2022
Obligations of a VAT payer
If you are a VAT payer, or are considering the possibility of becoming one, you should know all the obligations that this status entails.
Read article →
Finance and financial management · Business and start-ups · September 28, 2022
To be or not to be a VAT payer?
Every entrepreneur has to work out whether it pays to be a VAT payer or not. It all depends on their target group of customers. If they are going to focus on B2B, i.e. selling services or goods between businesses, and will therefore mostly trade with VAT payers, it may be more advantageous for them to be a VAT payer as well.
Read article →
Finance and financial management · August 10, 2022
By when, and for which persons, must personal data be added to the Commercial Register of the Slovak Republic?
You have surely noticed another obligation for entrepreneurs: adding identification data to the Commercial Register (ORSR). New symbols have appeared in the ORSR, and if you look up your company, you will see whether you have ✗ – and therefore have not added all the data – or ✓ – and everything is in order.
Read article →
Finance and financial management · February 2, 2022
An economy wrecked by Covid, high inflation and fear of war. Is a new global recession approaching?
Since 2018, many economists and analysts have been regularly warning of a possible approaching global crisis, similar to the one in 2008 or even those of the 1960s and 1930s, which could last several years. The truth is that after 2008, once the mortgage and debt crisis had ended, the economy did very well.
Read article →
Finance and financial management · December 2, 2021
What is inflation?
In recent years the word inflation has come up more and more often, and it has long since stopped being mentioned only in connection with the coronavirus pandemic, which, according to current data, has certainly set off a change in the economic trend for the coming years. In a market economy, inflation is the phenomenon of a long-term rise in the prices of goods and services.
Read article →
Business and start-ups · Accounting · October 27, 2021
In-house accountant or external accounting firm: which pays off more?
In a smaller company the decision is simple. A full-time or even part-time accountant simply does not pay off, because an accounting firm costs you only a few dozen to a few hundred euros a month. But what about larger companies, where the cost of bookkeeping could easily climb into the thousands of euros a month?
Read article →
Finance and financial management · Business and start-ups · Accounting · October 20, 2021
Changes in accounting from 1 January 2022
EXPANSION OF THE PUBLIC PART OF THE REGISTER OF FINANCIAL STATEMENTS Under the Accounting Act currently in force, entrepreneurs are required to submit their financial statements electronically via the Financial Administration portal.
Read article →
Finance and financial management · Cryptocurrencies · Business and start-ups · October 13, 2021
Gifting cryptocurrencies
Cryptocurrencies are once again becoming a mainstream topic, mainly thanks to the rising price of the strongest of them – Bitcoin. Some time ago, we brought you an article on doing business with cryptocurrencies in Slovakia. But how does it work here when such a virtual currency is given as a gift to an individual or a legal entity?
Read article →
Finance and financial management · Social and health insurance contributions · October 6, 2021
Maternity benefit
At some point in life, most of us decide to start a family of our own, which brings many changes not only to our personal lives but also to our working lives.
Read article →Need advice with your accounting?
Arrange a consultation with our experts.