Monthly Digest: October | Accace

Monthly Digest: October | Accace

Webinar: An investor’s guide for expansion to the Czech Republic

We are excited to invite you to join us for an upcoming webinar hosted by?Accace?that will focus on?the expansion of your business to the Czech Republic.

During the webinar, our speakers Barbora Stejskalova, Stanislav ?elezny and Jan Najman from Accace Czech Republic will cover all the important aspects of legal foundations for your Czech business and provide other crucial tax-related information businesses should be aware of before expanding into this market.

>> Join us online on?November 12?and gain essential knowledge for your successful market expansion to?the Czech Republic.


This month, we had the pleasure of participating in the Accace Circle Forum, an annual gathering of our business community.

Kicking off with a fun ice-breaker, we connected in a friendly atmosphere before diving into workshops on talent acquisition and retention.

After a day of insightful discussions, we explored the city and shared dinner with a beautiful view - perfect for exchanging ideas and relaxing together.

The forum inspired us with new ideas to bring forward, celebrating collaboration and the strong bonds across our community.

Thank you to everyone who made it memorable!


Doing business in Poland: 5 Important areas investors need to know before entering market

Doing business in?Poland?has many advantages, as its already developed market is constantly emerging and is considered the biggest one in the CEE region.

Our experts have prepared an eBook providing an informative overview about Poland that may be valuable for you when entering the market.

>> Download our free eBook.


Learn more about doing business in certain European countries in our dedicated eBooks:

Czech Republic | Hungary | Romania | Slovakia | South Africa | United Kingdom


Automation of accounting processes in the Czech Republic

In the Czech Republic, rising legislative changes are driving the need for automation in accounting. It's making processes faster, more accurate, and cost-effective, from data entry to reporting.

>> Ready to streamline your operations? Find out more.


Tax changes in Poland

In recent years, the Polish tax system has undergone significant changes, and 2024 is set to bring even more.

Our latest infographic provides a comprehensive yet easy overview of the upcoming tax changes in Poland.

>> Find out more.


Understanding transfer pricing: Intra-group services and Cost Contribution Arrangements (CCA) explained

Transfer pricing sets the prices for transactions between related companies and affects how profits and taxes are divided across countries.

The main challenge is finding the arm's length price, the price independent companies would agree on, which can be tricky with complex deals.

>> Our article looks at services between related companies, often confused with cost-sharing. It explains two ways to handle this.


Why employee awareness of GDPR is crucial for data compliance and security

The General Data Protection Regulation (GDPR) is important for maintaining trust and integrity in business. As companies handle more personal data, it’s crucial for employees to understand GDPR to prevent breaches and stay compliant.

We interviewed our HR manager Kristína Jáno?ová, who explained why GDPR training is important, how to create a culture of data privacy, and shared tips for effective training.

>> Read the full interview below.


Adjustment of the transfer price to the median in Slovakia

In 2024, Slovakia’s updated Income Tax Act introduced changes to transfer pricing. One key change was the use of the median from comparable values in tax audits.

>> Read more below.


Accounting outsourcing in the Czech Republic vs. hiring an in-house team: Which is the best for financial efficiency?


As businesses expand their operations in the global landscape, one question that often arises in relation to the Czech market is whether to handle bookkeeping tasks in-house or refer to accounting outsourcing in the Czech Republic.

Our experts prepared an article that provides a brief comparison that can guide companies in choosing the most suitable accounting practice.

>> Find out more below.


Group VAT registration in the Czech Republic

The deadline for group VAT registration in the Czech Republic is approaching.

Submit your application by October 31st, 2024 to become a VAT payer from January 1st, 2025. Late submissions will delay registration until 2026.

>> Find out more.


Public pension system in Romania: 7 main changes


Starting on 1st September 2024, new legislation introduced significant changes to Romania’s public pension system.

>> Learn more about 7 main changes brought by the legislation.


Social Insurance Agency offers electronic accounts for insured employees in Slovakia

The Social Insurance Agency in Slovakia offers electronic accounts for insured employees. Access can be set up either at a branch or directly at the workplace, allowing employees to monitor their social insurance and communicate with the agency online.

>> Learn more.


About Accace

Accace is a proactive consultancy and outsourcing partner who bridges the gap between needs and solutions. Combining smart and streamlined technology with a holistic approach, we provide an all-round care to clients and consider their matters as our own. With over 800 experts and more than 2,000 customers, we have vast experience with facilitating the smooth operation and growth of small to large-scale, global businesses.

About Accace Circle

Accace operates internationally as Accace Circle, a co-created business community of like-minded BPO providers and advisors who deliver outstanding services with elevated customer experience and erase the borders of service delivery. Covering over 50 jurisdictions with nearly 2,500 professionals, we support more than 15,000 customers, mostly mid-size and international Fortune 500 companies from various sectors, and process at least 200,000 pay slips globally.

More about us: www.accace.com | www.circle.accace.com

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