We are prepared to consolidate your family assets and simplify its overall administration. We prepare families for the intergenerational transfer of assets or provide thorough preparations for the transfer.
About a month ago, we hosted a workshop, organised within the RSM network, which focused on internal audit. This event was a very interesting opportunity for us to meet people from all around the world, who have been engaged in this field for a long time. We would like to share with you our view […]
As technology advances over the course of the next generation, the world-wide economy will continue to expand and become even more interconnected. The accounting industry and the educational system behind it are somewhat late to the globalization train. With stark differences in accounting standards adopted by each country throughout the world, a significant challenge arises […]
The third and the last part of our newsletters on the amendment to the Accounting Act explains further changes companies will have to face from January 2016. Purpose of financial statements The amendment to the Accounting Act (“Amendment”) introduces a new definition of the purpose of financial statements, which has been missing from the existing […]
Changes in the Accounting Act in 2015 (Part II) The second part of our newsletter about changes in the Accounting Act explains a new classification of consolidated groups, and the terms “public interest entity” and “report on payments to governments”. Classification of consolidated groups Consolidated groups will be classified as: small consolidated group (not mandatorily […]
The second part of our newsletter about changes in the Accounting Act explains a new classification of consolidated groups, and the terms “public interest entity” and “report on payments to governments”. Classification of consolidated groups Consolidated groups will be classified as: small consolidated group (not mandatorily required to prepare consolidated financial statements if there is […]
New Year 2016 is approaching, ushering in new changes and obligations introduced by the most extensive amendment to the Accounting Act in recent years. As the amendment was signed by the President on 25 August 2015, it will surely have an impact on all companies. The draft amendment was prepared based on Directive 2013/34/EU of […]
The Czech Ministry of Labour and Social Affairs issued a new decree which, as it is every year, slightly regulates the basic rates of compensation for the use of road motor vehicles, subsistence expenses for entrepreneurs and the public sector, as well as average fuel rates. Reimbursement for travel expenses is governed by the Labour […]
Financial statements must be prepared in compliance with the Accounting Act and must contain statutory elements, such as data for the current and prior accounting periods. If a prior period accounting error is identified, the matter is resolved in compliance with accounting regulations and methodological guidelines.
If you are a tenant, you now probably expect the delivery of, or have already received, a summary account for lease-related services (utilities). Are you pleased with your large overpayment? Or are you shocked by the amount of your underpayment?
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