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Prague’s University of Economics students learn ERP on NetSuite

22.10.2017
We have started collaborating with the University of Economics (VŠE) in Prague, the largest public university of economics in the Czech Republic, to teach enterprise resource systems. With our help, students of this prestige Czech university focused on business and economy learn how to work with the world’s leading Cloud Enterprise Resource Planning (ERP) system, […]

Last chance for best businesses in Europe to enter celebrated awards

20.10.2017
Two weeks to go before deadline for 2017-18 European Business Awards sponsored by RSM LONDON:  EUROPE’s best businesses are urged to enter the 2017-18 European Business Awards, sponsored by RSM, before the end October deadline for a chance to have their business success recognised across the world. Companies that enter, or are nominated, have the […]

Paternity leave – a new sickness insurance benefit

28.8.2017
On 1 February 2018 an amendment to the Sickness Insurance Act will come into force that has introduced one-week paternity leave for new dads. We have more details for you below. Fathers will become entitled to paternity leave if their baby is born within six months before the effective date of the amendment, i.e. on […]

NetSuite ready for self-confident Czech and Slovak firms

17.8.2017
NetSuite is one of the world’s leading business management systems for financial, inventory and content management, CRM, production management and in fact providing comprehensive enterprise features in terms of information technology (ERP system). In July 2016, NetSuite was acquired by Oracle for USD 9.3 bln. And this year, NetSuite has been named “Contender” by Forrester […]

Combating tax ‘optimisation’ – Implementation of the ATA Directive (EU, CR)

7.8.2017
Another tool used by the Czech tax administration to combat tax evasion is the ongoing implementation of the ATA Directive (Council Directive (EU) 2016/1164 laying down rules against tax avoidance practices) that is to be completed by 31 December 2018. Primarily, the Directive lays down new rules for the tax-deductibility of interest expenses. The rules are […]

Fight against tax ‘optimisation’ – country-by-country reports starting to look clearer in the Czech Republic

20.7.2017
The Czech Chamber of Deputies approved an amendment proposed by the government to the International Cooperation in Tax Administration Act. The bill introduces an obligation of country-by-country reporting (CBCR). What does CBCR involve? And what effect can it have on you? On 12 July 2017, the Czech Chamber of Deputies approved in a third reading […]

Overtime – when it applies and how it is paid

14.6.2017
Today’s issue of our newsletter brings information about overtime work. When employees become entitled to compensatory time off and how are they paid? We bring you detailed information about records of and payments for overtime work. Overtime work is work performed by an employee beyond the regular schedule. Employers may order employees to work overtime […]

Do your intra-group interest rates comply with the arm’s length principle?

2.6.2017
In the context of inspections carried out by the financial administration which focus on transfer pricing, we have registered an increasing demand for examining or ensuring compliance of interest rates on related-party credits and loans with the arm’s length principle. How are the interest rates determined in such cases? The terms of loans and credits […]

The winners of the European Business Awards 2016/17

10.5.2017
DUBROVNIK: Europe’s 12 best businesses are celebrating after being named winners in the 2016/17 European Business Awards, sponsored by RSM, at an exclusive awards ceremony in Dubrovnik last night attended by prominent businesses leaders and European Ambassadors. The winning businesses achieved their success after a year-long journey in Europe’s biggest and most prestigious business competition, […]

Compensation for damage caused by an employee

10.4.2017
This issue of our newsletter is to inform you about employer rights in situations when they incur damage caused by an employee. Under the Labour Code, employees are required act in order to prevent the occurrence of any property damage or non-pecuniary loss or unjust enrichment. If there is a risk of damage or non-pecuniary […]

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