NAV által megbízható adózónak minősített Társaság




Egyéb minősítések:

ABOUT US

Overview:


The company was established with a mission to provide quality services for the companies and individuals in the accounting, finance, tax and controlling areas.

Our mission:

  1. To provide quality services on a reasonable price.
  2. To tax-optimise of our clients’ income, but fulfilling the requirements of the relevant Hungarian legislation and EU regulations.
  3. To achieve these goals in an efficient way - with high standard of reliability, continuous learning and IT technology.

Why you choose us?

  • We offer you quality work at Hungarian prices.
  • The accounting package includes the following additionally services:
    • VAT report on a monthly (or even weekly) basis for planning purposes of payable or reimbursable VAT liabilities,
    • Financial Statement on a monthly basis. This helps to our client to plan the Corporate Tax liability,
    • Assisting to prepare, update and review the obligatory policies for small businesses (in the first two years).
  • If the accounting services are performed in a shorter time than the agreed time in our contract, we will provide our clients with a costs reimbursement. However, if the services are performed in a longer time, then we perform our services based on the agreed fee. Only at the yearend we will contact our clients to decrease or increase the fees for the future services based on mutual agreement.
  • Our team includes chartered accountants and tax advisors.
  • The senior team members have been working in accounting/finance for more than ten years.
  • If you would like to understand our work in more dept, we would be happy to teach you about accounting and all relevant legislation.
  • Accounting and other all database files are stored safely and we are able to retrieve any archived data within 24 hours for 10 years period.
  • In order to reduce the risk of mistakes in the services we perform we are covered by accounting insurance.

SERVICES

Bookkeeping, Finance and Controlling

Accounting package

We offer an accounting package to our clients, which include not only the general accounting services, but monthly reporting for VAT purposes and quarterly Financial Statement for corporate tax planning.

Furthermore, our company provides the service of preparing reports on the basis of management information requirements regularly or when it is needed.

Our most popular Accounting Package includes the following services:
  •  accounting based on effective accounting law
  • preparation of tax returns and submission of the prepared return once it was approved by the company
  • preparation of requested data to Statistic Authority
  • preparation of payroll for one employee
  • information about the connected Hungarian tax law changes in English
  • preparation of issued invoices, if it is requested by the company.
  • representing the company at the tax authorities during a tax audit.
  • preparation of obligatory accounting and financial policies in the first year.

If you established your company recently, please find some basic information in this regard:
A legal entity established in Hungary has accounting and other several obligations based on Hungarian connected legislation. The Hungarian Government implemented a very difficult requirement system for the legal entities which is hardly understandable for professional individuals as well. To decrease the incurred mistakes the Government approved that the accounting services should be performed by a Registered Chartered Accountant at the Ministry of Finance who is trained on regular basis.

A new established company has registration obligation at the following systems:
  • Registration of the legal entity at Hungarian Tax Authority;
  • Registration in Hungarian Tax Authority’s electronic filling system;
  • Registration in the relevant Self-Government authority;
  • Registration in Hungarian Social Security system, if necessary;
  • Registration at Hungarian Central Statistical Office.

Some example for ongoing obligations of a company in Hungary:
  • Preparation of annual Financial Statement and Notes to the Financial statement;
  • Preparation payroll on a monthly basis;
  • Return for personal income tax and social security liabilities (’08 form), filling obligation on a monthly basis;
  • Value Added Tax return (VAT), filing obligation either on a monthly, quarterly or annual basis;
  • Return for training fund contribution, corporate income tax, cultural contribution, company car tax.

Payroll services

We also offer payroll services to our clients. The payroll services include the payroll connected documentation and reporting requirements by the Hungarian Tax Authority.


Tax services for companies


Tax planning
  • We prepare study about the tax effects of a possible huge income, costs or investment in a company life. Based on the request we also prepare more scenarios in order to ease the work of decision makers.
  • We send news for our clients about tax law changes and we also draw the attention to the areas where may increase the risk based on effective legislations or the current practice of the Hungarian authorities.
  • Guideline request preparation from the Hungarian Tax Authority or from the Ministry of Finance. We also advise the possibility of the outcome without any negative statement.
  • Planning of the assignment structure at the company with a minimum tax payment obligation.
  • Review or preparation of Cafeteria system at the company based on Hungarian tax legislation. Define the most cost save methods of employee allowances for planning purposes.
  • Tax review
  • We offer tax review for our clients, which include reviewing of the books in aspect of the tax obligations. We also identify if any income is overtaxed or under taxed by the company.
  • If you would like to reduce the risk of any tax audit prepared by the Hungarian Tax Authority, you (or your tax advisor) may review your books based on the effected tax legislation.

Social security services
  • Identify of the items which may be exempted from the social security base.
  • Preparation of request regarding Certificate of Coverage (i.e. A1 or E104).

Tax services for foreign individuals

Hungarian personal income tax return preparation

We prepare personal income tax returns for individuals.

Who is obliged to file personal income tax return in Hungary for 2016?
  • individual who has Hungarian source employment income, dividend income, capital gain, rental income,
  • individual who sold Hungarian real estate and realised any income,
  • individual who rented out an Hungarian flat/house,
  • individual whose employment income was born in Hungary (foreign employer recharged the incurred costs, employment income, income derived from stock option to a Hungarian entity),
  • individual who spent more than 183 days in Hungary and performed his work in Hungary.
How should be start to prepare an Hungarian personal income tax return?

A. Define your residence position:
  1. Define your tax residence positions in Hungary and other country you were in 2016 based on the relevant domestic legislation.
  2. If you are resident in more countries, you should define your resident status based on the relevant double tax treaty.
  3. If you are Hungarian tax resident, they your worldwide income may be taxable in Hungary. However, if you are non-Hungarian tax resident, then you will be taxable only on your income derived from Hungarian source.
B. Collect your income certificates:
  • Please collect your income certificates from the received income from Hungarian disbursers.
  • Please also collect your income certificates from non-Hungarian disbursers if you are a Hungarian tax resident.
C. Preparation of your personal income tax return:
  • Prepare your personal income return based on the guideline issued by the Hungarian tax authority (available only in Hungarian language).
  • Please contact us if you would like to ask for our assistance.


Quarterly tax advance calculation

If you receive employment income from foreign source for Hungarian workdays and you work in Hungary more than 183 days, then you (as individual) are obliged to pay personal income tax advances on quarterly basis. For more information please contact us.

Trainings

Additionally, we are ready to hold training courses for Hungarian companies or for individuals, who have difficulties relating to accounting, payroll and tax issues.

FEE PROPOSAL

General fee proposal for accounting services:

  • Our general hourly rate for accounting services is HUF 5,000 + VAT. If you are interested in our services, please contact us to have a personal meeting to discuss the your requirement and to provide you with the most appropriate fee proposal.
  • Our most popular Accounting Package includes the following services:
  •  accounting based on effective accounting law
  • preparation of tax returns and submission of the prepared return once it was approved by the company
  • preparation of requested data to Statistic Authority
  • preparation of payroll for one employee
  • information about the connected Hungarian tax law changes in English
  • preparation of issued invoices, if it is requested by the company.
  • representing the company at the tax authorities during a tax audit.
  • preparation of obligatory accounting and financial policies in the first year.
We offer this package for HUF 25,000 (excluding VAT) for new established or micro companies. 

Fee proposal for payroll services:

Preparation of payroll from HUF 3,000 per capita/month. The price may be different based on the number of the total employee of the company. If you would like to receive your fee proposal, please contact us in this regard in this regard.

Above fees exclude VAT.

General fee proposal for tax advisory services:

  • Please contact us and we will provide you with the fee proposal according to the requested service within 24 hours.
  • Our general fee for tax services is HUF 20,000/hour + VAT. If the advisory work includes international taxation then our hourly fee is HUF 100 EUR/hour + VAT.

General fee proposal for training services:

  • Our general hourly rate for training services is HUF 15,000 + VAT.

If you wish to know more about us, please do not hesitate to contact us.

Best regards,

Emese Vargáné Kovács
Managing Director