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When people hear the term “Švarc system,” most business owners immediately think of the labor inspectorate. However, fines imposed by the labor inspectorate are capped at 200,000 euros, and in practice, such amounts are rarely imposed. In my blog, I discussed the topic of penalties for the “Švarc” system, as well as when a seller […]
If your accountant doesn’t know how to use the software, you’re paying for their clicking—not for their expertise. Nine years ago, I opened Pohoda for the first time. My impression? MS-DOS on a 386💾. As the years went by, I tried other software like Profit365, Omega, and MRP, but only Pohoda from STORMWARE SK stuck […]
Since there is about one year left until the elections, we spoke with Marián Viskupič of Freedom and Solidarity about the tax proposals they have put forward, including their proposal for an “Estonian tax.” You can find the full interview here: https://lnkd.in/dPbE844n
There are only two certainties in life: taxes and the phrase, “So when are you going to send me those documents?” Well… they used to exist. From now on, there’s a third certainty: our new 🚀Client Zone🚀 —and no, it’s not just another place to store invoices. Together with the team at BinarBase, we’ve put […]
Divide and conquer? However, if you use corporate restructuring to evade taxes, it could end up costing you dearly. Many business owners believe that as long as the law does not explicitly prohibit owning multiple companies, such a structure cannot be problematic. The reality, however, is considerably more complex. The risk arises primarily when companies […]
MiCA: The End of the Transition Period in the EU and an Initial Assessment As of July 1, 2026, the MiCA transition period will end in the EU. Of the thousands of entities that operated in the crypt under various national regimes across the EU/EEA, there are currently more than 240 authorized providers remaining, six […]
Under what circumstances can a self-employed person work as a sales clerk at a store in Eurovea? Today we organized another Highgate Group event in collaboration with SLOVCA—the Slovak Venture Capital & Private Equity Association. In addition to an excellent discussion with Juraj Hajš, director of the Trenčín Labor Inspectorate (watch our Highgate Talks on […]
Let’s not throw Slovakia in the trash. At our most recent Business Brunch on family businesses, Katarína Malová (Owner and CEO of WELLNESS & SPA HOTEL KASKADY) said during our discussion with Erika Madari Matwij (Founder of the Family Business Institute), she made an important point (I’m paraphrasing): “Running our business is getting more and […]
For 10 IT workers with a 5,000-euro invoice, there’s no problem—even a 1,000,000-euro penalty for the “Schwarz system.” I think everyone would intuitively agree that this isn’t fair. However, the law must primarily emphasize fairness in the process of its creation. After all, once Slovak law stipulates that the “tax” on capital gains is 45.4%, […]
