Advices, tips, experiences

What other innovations the consolidation package has brought
ADVICES, TIPS, EXPERIENCES / 13. 6. 2024
Until 31 December 2023, the rule in the Czech Republic was that accounting units were obliged to keep their accounts in monetary units of the Czech currency. From 1 January 2024, this obligation is changed. Accounting units are obliged to keep accounts in monetary units of the accounting currency.   Currency of accounting As of...
Insights from the last financial statements processing
ADVICES, TIPS, EXPERIENCES / 9. 5. 2024
On May 2, the deadline for electronic filing of 2023 tax returns ended for corporations and individuals who do not have an audit or do not use a deferred filing form with a tax advisor. At Jaspar accounting firm, most of the filings were for corporate, i.e. (double-entry) accounts. In today’s article we briefly summarise...
Mistakes in accounting
ADVICES, TIPS, EXPERIENCES / 16. 3. 2024
Natural and legal persons engaged in business are obliged to file income tax returns for the calendar or business year. In paper form within three months after the end of the year, in electronic form we have four months to file. If we have a tax advisor or are subject to an audit, we have...
Management reporting and management accounting: the cornerstones of informed decision making
ADVICES, TIPS, EXPERIENCES / 16. 2. 2024
In today’s rapidly changing business environment, it is crucial to not only understand market dynamics, customer behaviour and internal processes, but also to closely monitor the financial health of the company and its long-term development. Management reporting and management accounting are invaluable tools that lead to a deeper understanding of these aspects and enable business...
The beginning of the year from an accounting and inventory perspective
ADVICES, TIPS, EXPERIENCES / 6. 1. 2024
Here we are in the new year 2024. We wish you all good health, good luck and of course professional success and may it carry us through this year. At the beginning of the new year, we will be closing the previous one in the accounts. Don’t leave the delivery of last year’s and December’s...
Why (not) keep accounting data at an accountant’s home or at a firm that doesn’t know how to treat it
ADVICES, TIPS, EXPERIENCES / 13. 10. 2023
Accounting data: what a company should keep and what should be left to the accountant Accounting data is an important source of information for managing, planning and directing a company. Every company should systematically and regularly work with the data it holds in its accounts and use it to have a comprehensive view of its...