Construction accounting

In the current corporate culture of complex regulations and complex financial reporting guidelines, it can be energy consuming for construction business to ensure the transparency of financial matrices while controlling operational aspects on a daily basis.

Regulatory compliance, judgmental financial estimates, complex procedural formalities, detailed contractors accounting data required for tax liability, and careful behavior in the preparation of financial statements might prove to be scary and more difficult to manage than running the company itself.

Our years of experience and a team of CPAs enable us to serve the construction business’s financial side by managing accounting. We enable you to take off contractors accounting from your to do list and place a keen eye on growing aspects of the business.

How do we intend to serve and areas of service?

Construction accountingBased on market understanding and years of experience we are of the view that businesses should think of deploying the taxation to a firm of professional accountants and free up themselves for comprehensive business understanding and strategic business growth. We provide excellent services in the contractors accounting and enjoy a remarkable reputation within the Czech Republic. Our main services fall in the areas of accounting, business advisory, risk advisory, banking management, internal controls, business process improvement, e-commerce based accounting, e-commerce taxation, liquidation, change of the business address, and other business hurdles to successfully run the construction business in the Czech republic.

Why us?

  • Sound understanding of the construction area laws prevailing in the Czech Republic.
  • A dedicated team of professional accountants to ensure a higher level of services.
  • All the services are delivered with our maker-checker policy.
  • Sound quality measures and internal controls in all the services offered.
  • Staff availability on and off-site depending on the nature of the work.
  • Sensible and working advice grounded in local knowledge and backed by regional and local experience.
  • Very basic professional fee and excellent quality of professional services.
  • Customized service plans depending on the needs of your business.
  • We believe in the quality of service and performance of sound customer service to level up our good will and satisfaction of the client.

What do we do?

  • Our firm provides a range of financial advisory services for construction companies ranging from advice on some financial transactions to the preparation of financial statements.
  • Establish precision of financial data by reconciliation, performing a test of details, implementing segregation of duties, setting strong internal controls, and identification of gaps in the approval and execution of financial transactions.
  • Prepare advanced financial reports for decision-making and performance assessment and assist in other running aspects like opening a bank account.
  • Use our years of experience and extended knowledge to improve the strategic positioning of your company.
  • Ensure your bookkeeping record is free from material misstatement and updated timely.
  • Provide help in carrying out analyzing tasks to internal and external auditors.
  • Our corporate secretarial service includes different services like sole trader registration and business registration, liquidation, change of the business address etc.

How to register a construction business as a sole trader and a company in the Czech Republic?

Register a construction businessYou’ll need very basic information for registering the construction business as a sole trader in the Czech Republic. The information for the registration includes a certificate of no criminal record in the Czech language, an occupancy arrangement for the place you have rented, and intend to register as a legal address and current visa or biometric card. After submission of all required documents, it should take around a week to get a business enlistment endorsement.

Here are examples of possible services and their pricing.

Service Price w/o our tariff, CZK Price for our tariff payers, CZK
Sole trader registration with 1 year free accounting service (Start tariff) 9500 CZK/380 EUR 9500 CZK/380 EUR
Company registration with 1 year free accounting service (Start tariff) 29500 CZK/1200 EUR 29500 CZK/1200 EUR
Legal address, 1 year 7200 CZK 6000 CZK
VAT registration From 6000 CZK From 5000 CZK

* Prices do not include possible VAT.

For incorporation of the construction company, some more details are required in addition to the above. For instance, authorized capital account, a form of organization, name of the company, name of Directors, certificate of no criminal record from directors, and formation of articles of association.

We’ll help you throughout the process from an assortment of documents to filing information and receipt of the certification, incorporation of the company at a very truly sensible cost. Make sure that you use our one hour free consultation during which our representatives will explain all the details and present you a clear plan and a quote.