Recent articles RSS
Avoiding IRS tax controversy: Obtain an IRS Private Letter Ruling
In 2010 the U.S. Tax Court ruled that your long time CPA or attorney is no longer "independent." His/her advise no longer protects taxpayers from excessive tax penalties. Taxpayers relying on an … [Read More...]
Reporting Czech residential rental property income to U.S. Internal Revenue Service.
The U.S. government requires Americans to report their foreign rental property investments on pain of sometimes massive penalties, regardless of where they are living. This is of course in addition to … [Read More...]
Should I really let my property management company do my accounting?
The local boat marina probably knows how to tie up and watch your boat, but that does not mean they know how to fix it. Accounting is a specialist service that is generally performed poorly by those … [Read More...]
Should I buy Czech property through an s.r.o.?
The answer to this question really depends on your investment strategy, and can be relatively simple to complex depending on a range of factors. However, complexity of your project aside, in one way … [Read More...]
How to transfer my property out of the s.r.o. to me WITHOUT paying tax?
It is possible for sole-shareholder s.r.o.s to transfer the assets and liabilities of his/her s.r.o. to themselves by striking the company via a transformation of its equity (merging the company into … [Read More...]
I have sold my property … what about the s.r.o.?
Once your operations have come to an end or you have decided to move your business elsewhere – it will be necessary to liquidate the company. This is particularly important if there are profits to … [Read More...]
Directors: Hopefully you are not working on an employment contract
Companies that currently employ directors on parallel or employment-only contracts should contract their managing directors on a statutory management contracts only to avoid costly audit and tax … [Read More...]
Personal income tax in the Czech Republic
The Czech Republic assesses tax on income based on tax residency, personal characteristics of the payer and the nature of the income. The primary sources of authority for taxation are the Act on … [Read More...]
Tax Calendar
-
Jan31Tue
-
Feb25Sat
-
Feb28Tue
Add to Google
