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WATCHES TO “COST” 1) SMART watches are argued to be used for the purpose of SMS, time keeping, navigation and other functions that are practical for business. However, unlike a mobile phone, a watch feels more “private” and therefore, in the worst case scenario, the tax office may want you to prove that you only […]
You only have a few hours to file your tax return. So what? Have you finally remembered us accountants? We’ve got the hang of it 😊 Anyone can forget, so it’s good to have someone to remind you of important deadlines. There is no notification like a notification. Ours is not meant to be annoying […]
I have long seen VAT controls as one of the biggest weapons in the hands of the state. If Slovakia were a weaker rule of law, the invasiveness of VAT controls would be an ideal tool to: – Overwhelm the competition (i.e. the controlled tax entity) with administration; – Destroy the competition; – Reduce the […]
TO GIVE or NOT TO GIVE? 👩🏽💻 “Please give me the receipt for the petrol, the one for 44€ from 4.3.” 👨 “I have already handed it to you.” 👩🏽💻 “Unfortunately, I didn’t find it in the documents I handed over.” This fight between accountant and client has been going on for some time now. […]
As of today, the European Union applies the so-called. DLT Regulation (Regulation on a pilot regime for market infrastructures based on distributed transaction database technology). This piece of legislation establishes a 6-year pilot regime in the European Union which, among other things, allows for the trading and settlement of transactions in tokenised financial instruments. Based […]
To have or not to have! (a quality accountant). Who can answer me, what ennobles the spirit more… Nowadays it is difficult to distinguish between quality and quantity. I have therefore decided to write a “ten 1️⃣ 0️⃣ of a correct accounting firm”. These are indicators of quality, higher standards and should also be the […]
IS IT WORTH PAYING TAXES? AND IN SLOVAKIA? At lunch, my colleagues did a short search of the “finstats” of some of the more famous celebrities. The result? The published standard of living of many of them does not correspond to their declared income. And it’s certainly not because they are in business as self-employed […]
In 2003 the Income Tax Act had 35,000 words, today it has almost 3 times more i.e. over 100,000! The ⚜Ancient legend⚜ tells of 3 wise men (kings) who came to worship Jesus and brought him 3 gifts. The modern legend says that the gifts were: the reintroduction of the “tax licence”, an increase in […]
Dancing hamsters. Until the summer of 2022, like most of the public, I probably perceived them only as a catchy advertisement, the logo of a successful Slovak e-commerce company. Although Jaroslav Chrapko was a publicly known CEO, I didn’t know his story in detail. Last summer, I received an offer that was not to be […]
