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Why you should talk about property with your children at least once a year

18.1.2018
‘I am perhaps the only person in my family who keeps track of all family stakes’, half-jokingly said Réka Világi at a recent conference on family businesses organised by the TREND Weekly. This was in response to the topic of distributing wealth to descendants. In this context, the head of the family should know what […]

New developments in payroll-related matters in 2018

18.1.2018
Dear clients, We provide you with a brief overview of changes and new developments in payroll effective in 2018. Minimum wage increased The minimum monthly wage for full-time employment has been increased from the current CZK 11,000 to CZK 12,200 and the minimum hourly wage has been increased from CZK 66 to CZK 73.20. Maximum assessment basis […]

PF 2018

20.12.2017
Dear clients, business friends and partners, We wish you a joyful holiday season and every success in 2018. We also wish to thank you for your trust in us and look forward to working with you again. Monika Marečková, Managing Partner and Chairman of the Board of Directors, On behalf of the entire team of […]

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, […]

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 […]

The winners of the European Business Awards 2016/17

2.6.2017
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, […]

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

10.5.2017
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 […]

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 […]

Why worry about IT?

13.3.2017
What does IT outsourcing actually mean? Karel Fišnar, Manager of RSM Infinity Customer Centre and Cloud Services answers most frequently asked questions about IT outsourcing. What are the opinions of Czech firms about outsourcing their IT infrastructure administration? To sum it up – the opinions are divided. Although companies are very well aware that their […]

Tax risks in real estate transactions, or when machinery is part of a structure

16.2.2017
The new Civil Code effective since 2014 has introduced a new rule under which fixed machinery can become part of a structure. This leaves most machinery and structure owners rather cold, but only until the property is to be sold. A real estate sale transaction gives rise to a tax obligation to pay real estate […]