Accounting for Retailers

In today’s corporate culture of complex regulations and complex financial reporting guidelines, it can be time consuming for your retail business to guarantee the accuracy of financial matrices while managing running aspects on a day to day basis.

Regulatory compliance, critical financial estimates, sophisticated bureaucracy, detailed accounting data required for tax calculation, and careful behavior in the formation of financial statements might prove to be scary and more challenging to handle than managing the retail company itself.

Our years of experience and a team of experts enable us to serve your retail business’s financial side by managing bookkeeping. We enable you to take off accounting from your to do list and focus on growing aspects of the business.

How do we intend to serve and areas of service?

Accounting For RetailersBased on market understanding and years of experience we consider that businesses should consider deploying the taxation to a company of professional retail accountants and free up themselves for sound market understanding and strategic business growth. We offer excellent services in these areas and enjoy a strong reputation within the Czech Republic. Our main services fall in the areas of taxation, 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 manage the company in the Czech republic.

Why choose us?

  • Strong understanding of the company laws prevailing in the Czech Republic.
  • A dedicated team of experts to ensure a sky scraping level of services.
  • All the works 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.
  • Logical and working advice grounded in local knowledge and backed by regional and local experience.
  • Low service charges and high quality of professional services.
  • Bespoken service plans depending on the needs of your company.
  • We believe in the quality of service and performance of excellent customer service to level up our good will and satisfaction of yours.

What do we do?

  • Our firm provides a range of financial advisory services for doctors ranging from advice on some monetary transactions to the formation of financial statements.
  • Establish precision of monetary data by reconciliation, performing a test of details, implementing segregation of duties, installing sound internal controls, and identification of weaknesses in the approval and execution of financial transactions.
  • Prepare advanced business 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 enhance the strategic positioning of your company.
  • Ensure your bookkeeping record is free from material misstatement and updated on a timely basis.
  • Provide support in carrying auditing 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 retail business as a sole trader and a company in the Czech Republic?

Register a Retail BusinessYou’ll need very basic information for registering the retail business as a sole trader or a company 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 retail company, some more records are required in addition to the above. For instance, authorized capital account, a form of organization, name of the company, name of Directors, testament of no criminal record from directors, and formation of articles of association.

We’ll help you throughout the process from collection of documents to filing information and receipt of the certification, incorporation of the company at a very reasonable price. 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.