Švarcsystem: Short-Term Relief, Long-Term Risk
At Intras Consulting, we understand that collaboration with self-employed individuals (freelancers) is an attractive way for many companies to ensure flexibility and optimize costs. However, with the amendment to the Employment Act taking effect on January 1, 2025, penalties for illegal employment through the so-called Švarcsystem have been significantly tightened. What is the Švarcsystem? The […]
Costs are more than just an accounting figure
In a recent interview for Radiožurnál, the CEO of Czech Post made a surprising statement: until now, Czech Post has not tracked costs by individual operations or departments. As much as I find it hard to believe that the reality is as the CEO’s responses suggested, in the context of the planned sale of the […]
Why Is a Company Conference More Than Just a Meeting?
At Intras Consulting, we see our annual company conference as more than just a checkpoint. It’s a moment to pause, reflect, and breathe new energy into the future. It’s not just about formally reviewing results or setting goals for the coming year. It’s a space where we, as a team, speak openly about what’s working, […]
Flexi Amendment to the Labour Code: Greater Freedom, Greater Responsibility. Are You Ready?
While employers are getting used to the changes effective from August 2023, legislation isn’t resting. A new extensive amendment to the Labour Code, informally referred to as the Flexi Amendment, is on the table. It introduces a number of important changes aiming at greater flexibility – in employment relationships, working time arrangements, and agreement options. […]
Forensic Accounting
Forensic Accounting: A Tool for Uncovering Fraud That Can Threaten a Company’s ExistenceIn the world of small and medium-sized enterprises (SMEs), it’s often assumed that fraud is “a problem for the big players.” However, statistics show a different reality – smaller companies are frequently targeted due to weaker internal controls. For example, nearly 30% of […]
Expansion of a Foreign Company into the Czech Republic
The Czech Republic is an attractive destination for foreign companies looking to expand into the Central European market. Its strategic location, stable economy, and business-friendly environment make it an ideal place for international firms to grow. However, entering the Czech market can be administratively and legally complex. That is why we offer comprehensive services to […]
Payment discipline and receivables management
Evolution of Payment Discipline The payment discipline of companies has changed significantly over the years. While it was once common for obligations to be settled on time, and businesses could rely on mutual trust, recent years have seen a growing issue of extended invoice due dates and an increase in overdue receivables. Economic uncertainty, legislative […]
AML: New Obligations for Accounting Firms from February 1, 2025
The AML (Anti-Money Laundering) Act, which regulates measures against money laundering and terrorist financing, has been in effect in the Czech Republic since 2008 and continues to gain importance. As of February 1, 2025, the obligation to comply with AML measures will be extended to accounting firms. The legal framework for combating money laundering in […]
Digital Accounting – The Future of Financial Management
In today’s dynamic business environment, effective accounting management plays a key role in the success of every company. Well-structured accounting processes not only ensure compliance with legal obligations but also provide crucial information for strategic decision-making and financial planning. With the rise of digitalization, accounting has reached a whole new level. Automating accounting processes not […]
Selling your business?
Why do we do Business? An Almost Philosophical Question That Can Lead to a Variety of Answers. For now, I will limit myself to one perspective: increasing the value of a business, specifically one’s own company. Entrepreneurs should be interested in the value of their business and under what conditions they could sell it. Business […]
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Forenzní účetnictví: Nástroj k odhalení podvodů, které mohou ohrozit existenci firmy V prostředí malých a středních podniků se často předpokládá, že podvody jsou „problémem těch...