SERVICES

BOOKKEEPING

PAYROLL CALCULATION

TAX CONSULTING

BOOKKEEPING

With our full-scope accounting services, we aim at providing reliable accounting background for our clients and informing them about their company’s financial situation and profitability according to their needs. Thanks to our international experiences we undertake full-scope accounting and administration tasks for companies in foreign ownership as well. The financial and management reporting is tailored in accordance with the requirements of our clients which can aid speeding up the decision making process of the management.  Our activities include everything from company formation-related consulting to permanent accounting engagement and voluntary dissolution processes.

Ordinary bookkeeping services:

·         monthly double-entry bookkeeping,

·         tax analytical records, preparation of tax returns,

·         preparation of annual reports according to the Hungarian law,

·         preparation of accounting policies,

·         providing continuous update and consulting for the local management and the owner’s representative in tax, accounting, business and labour law issues.

Special bookkeeping services:

·         developing and operating reporting systems fitting the needs of our clients,

·         monthly, quarterly, yearly reporting in accordance with HAS and IFRS in Hungarian, English and German,

·         consolidated reporting,

·         co-operating in the preparation of budgets and forecasts,

·         managing customer and supplier payments, preparing cash-flow statements,

·         invoicing on behalf of our clients,

·         tax consulting on tax-related impacts of economic transactions.

PAYROLL CALCULATION

Our payroll services include performing payroll calculation and other employment related tasks, managing social security and pension fund obligations, satisfying data supply obligations. Moreover, we offer assistance to foreign employees in employment related issues, in the legal interpretation of double taxation agreements, and the determination of the Hungarian tax obligations of foreign private individuals.

Payroll services:

·         administration of newcomers and leavers,

·         preparation of the remunerations of the employees,

·         record-keeping of taxes and social security charges,

·         preparation of monthly entries for the general ledger,

·         administration of the employees,

·         administration of sickness payments and family allowances,

·         year-end closing,

·         preparation of year-end tax returns and administration,

·         data reconciliation with authorities and pension funds.

TAX CONSULTING

Our tax consulting services provide our clients with consultation on current problems and issues regarding their business activities in all fields of taxation in a practical, customised and responsive manner. We warn clients of tax related risk factors and, if necessary, undertake their representation in the course of disputes with the tax authority. Consulting activity covers all tax categories; we focus on corporate tax, value added tax, personal income tax and local taxes.

Regular tax consulting:

·         preparation of tax returns for companies and private individuals,

·         consultancy on payroll calculation, personal income tax and social security issues,

·         regular information on changes in taxation law,

·         tax-optimization.

Tax consulting on a case-to-case basis:

·         review of tax authority decrees, representation at tax proceedings (comments, appeals), preparation of petitions, correspondence with the tax authority,

·         co-operation and representation in labour controlling activities,

·         consultancy on VAT issues of special transactions,

·         consultancy on developing employment incentive schemes,

·         strategic tax planning,

·         accounting and tax consultancy related to corporate foundation and restructuring,

·         surveying tax risks, carrying out complete tax due diligences,

·         review of tax settlements of affiliated companies,

·         representation of foreign companies regarding VAT refund,

·         co-operation in VAT and permanent establishments’ registration and administration,

·         providing accounting and tax administration trainings,

·         consultancy on selecting financial and accounting administrative staff.