Tax Advisory

Tax advisory services further include:

• Ongoing preparation of VAT returns based on documents provided by the client, including verification of accuracy in the client’s agenda in cases where the accounting agenda is not handled by our office.
• Review of financial statements and preparation of corporate income tax returns (DPPO), including necessary reports and attachments, as well as verification of accuracy in the client’s agenda when the accounting agenda is not processed by our office.

Resolution of disputes with tax authorities

• Based on our experience, even when there are deficiencies in the client’s accounting records, it is possible to minimize the impacts of a tax audit. A key factor is often the stage of the ongoing audit at which we assume representation of the client. This service also includes the preparation of regular and extraordinary corrective measures and representation of the client before an administrative court.

Ongoing consultations regarding the client’s individual business solutions

• This form of collaboration with the client ensures, based on our experience, the minimization of negative tax impacts on the client’s business activities. These services also include informing the client about updates in tax legislation and their effects on the client’s specific operations, deferring tax obligations to July 1 of the following year, and providing written and telephone consultations on the client’s individual business activities and their tax implications.

• International Taxation: Following the Czech Republic’s entry into the EU, there has been a significant increase in the need to optimize and settle the income of individuals or legal entities from other countries—whether EU or third countries—utilizing double taxation treaties, reporting income from other states, including tax credits for taxes paid abroad, or exempting income from other countries.

Due Diligence

• Tax due diligence is a service for investors intending to acquire another company. It aims to ensure that, after the acquisition, investors are not unpleasantly surprised by potential negative impacts from audits by authorities for periods prior to the acquisition.

Additionally, we can provide the client with:

• Reconstruction of the accounting agenda, including retroactive or supplementary filings, as well as corrections of all returns and reports.
• For individuals maintaining tax records, we ensure ongoing management of tax evidence.