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New developments in the field of work performance agreements

1 Comment / WAGES / Written by

In connection with the amendment to the Labour Code, the terms and conditions of work performance agreements have been modified. Some of the changes have already been in force since October 2023, others are only in force now since 1 January 2024. And we can look forward to further changes from the second half of 2024. So, in order: from 1 October 2023, the employer must schedule the working time of the contractual workers at least 3 days before the start of the shift. ...

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Why and how to become a voluntary VAT payer without delay

2 Comments / VAT / Written by

On the basis of the Czech Value Added Tax Act, VAT payers are entrepreneurs who have had a turnover of more than one million crowns for 12 or less consecutive calendar months. VAT payers are also so-called identified persons who do business with foreign countries. There are other exceptions where payership is mandatory. However, becoming a VAT payer can be for entrepreneurs ...

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How to deal with lump sum transport expenses?

2 Comments / DPFO and DPPO / Written by

The somewhat non-standard Section 24/2/zt of the Income Tax Act allows a lump-sum application of expenses for the use of a vehicle as an expense for achieving, securing and maintaining income (i.e. tax deductible), regardless of the actual amount of expenditure on the purchase of fuel and parking. However, some conditions vary depending on whether it is used by a legal entity or a self-employed person who ...

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How to implement an information system in your company? Part 2

2 Comments / Business / Written by

We already have a warehouse management for material circulation ready to go, but what about the purchase of services? If we use, for example, subsequent modification of our products by external suppliers before they are send to customers, we can issue delivery note for these suppliers based on the received orders module sorted by items (our products). These entries can be exported to the delivery note after minor adjustment in the program without any posting to general ledger. Delivery...

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How to implement an information system in your company? Part 1

2 Comments / Business / Written by

I hate to scare you from the start, but if you have this task ahead of you, don't underestimate your mental preparation. You may at least be lucky to be introducing it for a brand new business. But if this task has fallen to you in a firm where people have been accustomed to their practices for years, albeit inefficient, and ...

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