Accountax Czech s.r.o. - účetnictví, poradenství, daně

Choose the service offered by our company from the below stated listing. Detailed information regarding each area should help you to make the right decision:

• Accounting records (records maintained for the purpose of tax calculation*)
• standard set up of accounting records’ (records maintained for the purpose of tax calculation) parameters in the accounting software operated by our company for the current year and transfer of balances from previous years, i.e. opening of accounting books
• making journal entries in the journal (cash book) based on documents and sources provided by the client
• keeping records of assets
• maintaining of inventory records, accounting for both purchased inventory and internally produced inventory
• preparation of internal accounting documents
• monthly preparation of information on the state of the client’s financial position, assets, receivables and payables in the form of spreadsheets
• preparation of Value Added Tax Return and records associated with Value Added Tax (VAT), processing of EC Sales Lists (ESL)/recapitulative statements
• preparation of ordinary or extraordinary financial statements, i.e. closing of accounts and preparation of a balance sheet and an income statement as well as notes to the financial statements
• monitoring of duties resulting from legal regulations associated with accounting
• archiving of accounting records at a technical medium

*) The term “Records maintained for the purpose of tax calculation” replaces the formerly used term “single-entry accounting”. The main purpose of these records is to calculate an income tax base associated with both business and other self-employment activities. This term is defined by section 7b of the Income Tax Act.

• Payroll
• setting up and maintaining payroll as well as scope of duties relating to human resources
• securing and carrying out scope of duties relating to social and health insurance
• payroll processing
• issuing of income records
• securing and conducting scope of duties relating to employer taxes in the area of dependent activities
• securing and conducting scope of duties relating to employee taxes (annual statement of account of income tax, confirmation of income, etc.)
• administrative activities in the field of payroll and human resources (e.g. scope of duties to be carried out at the Labour Office in the event of employing foreigners or in the event of the provision of subsidies by the Labour Office, providing the templates of a labour contract, an itemized pay statement, an agreement to indemnify employer, etc., assistance with the filing out of these templates)
• monitoring of duties arising from legal regulations associated with payroll processing

• Reporting

Where required by the owner of a company (controlling entity, parent company), we transfer financial statements into the reports that are different from the reports prescribed by Czech legal regulation.

• Other accounting scope of duties
• cooperation in the performance of inventory-taking
• preparation of Intrastat and other statistical reports, reports for foreign exchange and other purposes
• arranging for information-based and other duties associated with accounting (e.g. in relation to the Register of Companies, preparation of annual reports, etc)
• continuing communication with the Tax Office, the Social Security Office, health insurance companies and the Labour Office, and representation of the clients or our presence in the course of accounting records inspection and/or tax and payroll inspection performed by these institutions
• Accounting advice
• consulting of accounting procedures
• accounting advice, advice in the field of payroll and human resources
• cooperation in terms of finding solutions for problems associated with methodology
• cooperation with regard to setting up internal guidelines
• checks of accounting records, review of accounting procedures and setting up internal processes in association with the processing of accounting records
• training of accounting departments’ employees at the client’s workplace and/or providing of other individual advice
• Reconstruction of accounting records (records maintained for the purpose of tax calculation)

Repeated accounting for all of accounting records due to incorrect posting, loss of accounting data, and/or winding up or bankruptcy of a company.

Tax advice is secured in cooperation with our external tax advisor Mgr. Bohumil Herout, licence no. 513.

The tax advisor cooperates with our accountants when preparing clients’ accounting records. Where lack of clarity or deficiency exist, clients are recommended an appropriate solution in order to allow them to respond in time. The purpose of this cooperation is to prevent emergence of tax risks.

If requested, the tax advisor cooperates directly with our clients.

The tax advisor prepares his opinion in writting.

This services of our tax advisor can be divided into two areas as follows:

• Advice

The activities are performed based on the client’s request or accountant’s recommendation.

This scope of service represents the provision of legal assistance in the area of taxes and fees and in matters which directly concern tax, for example:

• preparation of opinions, analyses and recommendations as regards specific client problems
• preparation and completion of income tax returns, VAT returns, etc.
• dispute settlements with the Tax Office and representation of clients in particular cases

These projects can be carried out based on a contract for work.

• Power of attorney

Where clients require so, our company representative or the tax advisor may be authorised to represent them fully or partially in specific acts in relation to state authorities.

Completes accounting and tax services provided by our company.

Economic advice assists:

• clients to improve their knowledge on financial management of a company
• identify problem areas
• solve specific questions that are necessary to manage a company effectively

Clients apply our knowledge in the building and/or administration of internal processes. With our assistance, the owner of the company may fully concentrate on tasks associated with developing its principal business (sale, production). The service offered comprises not only close cooperation with an accounting department but also management of financial matters of a client.

The overview of options and their scope indicated below is not exhausting. It is the client who sets the scope of our services in order to meet his individual needs.

• Guidance

With:

• budget preparation
• loan application
• business plan preparation, etc.

• Analysis

Process analysis and recommendations are prepared tailor-made according to the client’s needs.

In the first stage, we define both the scope and depth of the analysis according to the client’s requirements and the outputs which will be produced and submitted to the client. The second stage includes research itself (e.g. detailed research of selected accounting entries or analytic procedures applied to the selected sample of transactions). The third stage includes the presentation of outputs to the client which also includes a list of recommended adjustments to existing processes.

• Training

Training of employees in financial departments comprises employee training in terms of putting together financial records (this also includes accounting scope of duties) and presenting outputs, e.g. in the form of financial reports or indicators required by company management. This service may also include the implementation of new procedures based on the process analysis.

• Shared Financial Manager

Our advisors are prepared to implement the features of financial management by means of visiting the client at his / her premises. This includes taking care of financial matters, including methodical assistance with managing the client’s accounting department. This service may also be understood as an initial stage to implement the financial management performed by the client’s employee.