Quick Links
News
more
Home

CFO2GO is geared to working with you and your companies to meet a host of needs in the area of accounting and tax. We have set up our web site to let you lead yourself to the information you need. 

In all cases our philosophy is to serve you as your own personal CFO, helping you to identify and act on the key drivers of success or sources of underperformance. We bring to bear a high level of professionalism and frankness in our relationship: we want you to know where you stand and help you to achieve your goals.

For a brief overview of our Expat Business Advisory Services, Retained Accounting Services and TWIST(R) online accounting software solution, please check out the brochures below.

CFO2GO Expat Business Advisory

CFO2GO Retained Accounting Services

CFO2GO TWIST (R) Accounting platform

 

Individuals

Corporates

If you are an individual subject to the US or Czech tax system - or both! - CFO2GO can directly assist you in personal tax planning and tax return preparation, audits and negotiations with the authorities.
 

If you are a shareholder, self-employed entrepreneur or an executive charged with leading your business to profit, CFO2GO can provide you the knowledge, skills and experience to help you succeed.
 

 

BULLETIN: All American Directors and Shareholders of Foreign LLCs
Forms 5471 - Automatic Assessment of Penalties per IRC §6038(b)(1)


In August, 2008, the Internal Revenue Service began issuing letters to some taxpayers to alert them to an upcoming procedural change relative to the automatic assessment of penalties. This applies particularly to American shareholders who are directors of and/or own 10% or more of a foreign corporation that in turn is owned by other Americans, who in aggregate hold more than 50% of the entity or control it. December 31, 2008 is the IRS-appointed deadline for submission of delinquant reports.


CFO2GO advises all American directors and shareholders who are connected to a foreign LLC or joint stock corporation (in the Czech Republic these are the s.r.o. or a.s.) to give us a call at their earliest opportunity to establish whether they or their corporations are subject to the regulation. These initial consultations are at no charge or obligation to you or your corporations.

A more detailed layman's explanation of the form can be found here.

The full text of the IRS bulletin can be found here.

 

BULLETIN: Employees and Self-Employed Should Review the Implications of the new US-CR Social Security Agreement


The US and Czech Republic just enacted a 2007 agreement on the totalisation of social security retroactively to 1.1.2009. The agreement enables workers to count service in both countries towards calculation of their retirement benefit ' and enables them to draw on this benefit in either country. This agreement shall work in tandem with similar agreements concluded by the participants with other nations. Significantly, it also removes the "social security penalty" paid by self-employed workers who until the enactment of the law were required to pay into both systems on the same earnings.

 

CFO2GO invites self-employed American entrepreneurs in the Czech Republic and American companies or their affiliates having employees working in the Czech Republic to give us a call to learn more about obtaining certificates of coverage under social security. These initial consultations are at no charge or obligation to you or your corporations.

A more detailed layman's explanation of the form can be found here.

The full text of the treaty can be found here in English and here in Czech.

 
CFO2GO EUROPE 2010. All rights reserved. | Powered by PLANet w3 CMS ©2010 PLANet Systems Group.