
3 tips for accountants at the time of annual reports
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During the submission of annual reports, the intensity in accounting services is practically boiling. Regular work must continue uninterrupted, and a whole range of tasks related to year-end closing adds to the workload. However, there are ways to relieve the pressure and optimize our work.

VAT identification for Paypal, Revolut, Stripe (and others)
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When using payment services or intermediaries for payments (e.g., payment cards, online payments, etc.), there's often a dilemma about how to handle taxes correctly. The VAT treatment also affects the obligation to identify for VAT.

Digitalisation in the accounting service
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The fact is that digitization is among us and is like a Pandora's box that we will close again - there's no going back. Now, of course, all the data is in computer programs and systems. However, digitization is not just data storage, but data entry is also an important aspect.

Booking of PAYPAL transactions
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Payment processing is a key element in accounting. Properly determining the state of financial resources has a significant impact on the accurate representation of a company's assets, and transactions are also associated with generated revenues and incurred costs.

TRR abroad
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Starting from the beginning of 2017, it became mandatory for individuals to report foreign transaction accounts. This means that all personal accounts (transaction accounts) held by individuals at financial institutions abroad need to be reported, regardless of whether they are actively used or receive transfers.
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