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Electronic registration of sales approved in Czechia

Electronic registration of sales approved in Czechia

14-02-2016 Tax Czech Republic

Lower chamber of Czech Parliament approved law on the electronic registration of sales on 10. 02. 2015. It approved reduction of VAT rate in the catering services with the exception of alcoholic beverages.

Termination of II. pillar pension system

Termination of II. pillar pension system

09-02-2016 Payroll Czech Republic

Taxpayer action required. Pension savings – II. pillar is terminated as of 1.1.2016, by Act 376/2015 Coll.

Wind-turbines

APPLICATION OF LOCAL REVERSE CHARGE ON ELECTRICITY AND GAS IN B2B FROM 1.2.2016

31-01-2016 Tax Czech Republic

The supplies of gas and electricity to traders with these commodities will be subject to the local reverse charge treatment starting from 1 February 2016.

VAT control statement and changes in accounting records in Czechia

VAT Control statement and changes in accounting records in Czechia

02-01-2016 Tax Czech Republic

Several key areas that need to pay special attention when originating accounting records from January 1, 2016.

Changes in the amendment to the law of income tax from 1.1.2016

Changes in the amendment to the law of income tax from 1.1.2016

20-12-2015 Tax Slovakia

Changes in the amendment to the law of income tax from 1.1.2016 …

Amendment on Accounting Act in Czechia

Amendment on Accounting Act in Czechia

19-12-2015 Accounting Czech Republic

Starting from 1 January 2016 an amended Accounting Act, including related decrees and accounting standards …

Latest news

Process Solutions and PS APPS at the CEE Business Services Summit – 2025

At this year’s CEE Business Services Summit & Awards, Process Solutions (PS) stood out not only with its strong professional presence but also with the introduction of its innovative accounting technology, PS APPS. The event once again highlighted the region’s leading role in digital transformation and intelligent automation.

The Power of Effective Trainings in Achieving Success

Can we be both successful and happy at work? After all, who wouldn’t want to be successful? But does success necessarily come with overload, burnout, and eventually unhappiness? There’s a stereotype that if you’re successful, you can’t be carefree and happy too—because results are only achieved through sweat and sacrifice, and success puts a heavy burden on your shoulders.

The Impact of EU's AI Act on Accounting and Payroll Services in Hungary

The European Union's AI Act, set to be implemented in stages, will significantly impact various industries, including accounting and payroll services. As such a service provider in Hungary, Process Solutions has assessed how the regulation will affect our operations and compliance requirements, and what accountants and payroll professionals should generally pay attention to in the upcoming months.

Latest blog posts

Business benefits of international accounting outsourcing

The benefits of international accounting and outsourcing ‒ Why should corporate decision-makers keep an eye on this trend? Companies are increasingly using external service providers to manage their accounting and financial processes. According to the Everest Group, the BPO market is growing continuously, with demand for financial and accounting outsourcing increasing by 20% in the last 5 years.

PS COOL – smart accounting administration

PS COOL – A new era of smart accounting administration

What is PS COOL? It is a SharePoint-based intelligent platform that manages administrative processes, accounting tasks, and key deadlines and tasks related to tax obligations in a single system

The hidden risks of information security and data protection in accounting and payroll services

In today's digital landscape, businesses in accounting, bookkeeping, and payroll services face an unprecedented level of information security and data protection risks. The rapid advancement of technology and increasing regulatory requirements place immense pressure on firms to safeguard sensitive financial and personal information. Yet, many organizations remain vulnerable due to outdated security practices, internal threats, and evolving cyberattack methods.