Tax consultancy

As part of tax consultancy we are helping the clients to meet all the tax duties, which are mandatory in the Czech Republic.

The fact is that taxes in any form are reality which every tax payer has to face. The present tax system in the Czech Republic is rather unclear for non-professionals. To prevent a tax payer from paying higher taxes than necessary, from paying taxes above the limit set by the government, it is effective in many cases to find a guide who will help us hack our way through the jungle of tax laws and related legal rules.

Advice on business contract writing

Everyday life shows that for most of us tax advisors (as well as lawyers or doctors) are the people who will find a miracle cure to our acute problem because they “know how”. In some cases this may be true. But what is more important is to avoid problems. This alternative means that the tax advisor will assess the future business contract and will inform the client about potential tax impacts.

Development of tax models for alternative decision making in the preparation of business cases
If tax advisors are addressed by the clients at an earlier stage than the time of finalizing the contract, it is possible to make use of their specialization for creating a formalized (most often mathematical) model which demonstrates, using given parameters, a different level of tax burden connected with alternative ways of deliveries, financing or legal constructions, considering their impact on the accounting of the tax payer.

Filling in tax returns

We are preparing all types of tax returns for our clients.

SThey are given in the order of frequency:

• Value added tax
• Individual income tax and corporation tax
• Road traffic tax
• Estate duty
• Estate tax
• Gift tax
• Consumer tax

If the client decides to fill in the tax return without being represented by a tax advisor, we will prepare a basic document for him that will help him declare.

Representing the client in tax proceedings

In tax proceedings tax payers do not usually achieve desired results as they make procedural mistakes, which may sometimes have a negative effect on the result of the tax proceedings. Therefore, in our opinion, one of major tasks of the tax advisor is maximum protection of the authority of the tax payer in the tax proceedings.

Most often we help our clients during the tax checking process by tax administrators. We prepare with the formulation and presenting of legal remedies which contest the results of the assessment proceedings (additional tax returns).

The tax advisor may also help in the case of tax paying (application for stand-off, approval of instalments or release of tax penalty).

Verification of tax base

If the client asks for re-examination of the correctness of some tax bases by the tax advisor, we are ready to make such a re-examination and to provide the client with detailed information in the form of a summary report.

Checking company’s documents and data contained in them

The partner of a public owned corporation and a limited company may authorize the tax advisor to check documents of the company and data contained in them. This institute was first set forth in the provisions of §81, article 5 and §12.2 article 2 of Act 513/1991 of the Collection by the Commercial Code for the year 2001. This change has been noticed by many partners and has been widely used.

Upon request of the partner of a public owned corporation or a limited company we are ready to check any company’s documents and data contained in them. We are experts in analysis of economic, financial, accounting and tax data. As our professional profile suggests, we proved to be able to produce an independent valuation report on the basis of available documents either in cooperation with the partner or without his participation.