Accounting and Financial Consulting in the Czech Republic
AMS provides professional consulting in the fields of finance and accounting for all types of businesses in the Czech Republic. The consulting is aimed at helping entrepreneurs, financial directors, and accountants to understand legal requirements, assess potential risks, and make well-informed managerial decisions.
As part of accounting consulting, we provide information, analyze your situation, and propose solutions based on current regulations, case law, and business realities.
Tax Consulting
Accounting consulting is aimed at understanding tax obligations and identifying opportunities for tax optimization. We explain how to choose the correct tax regime, how to avoid mistakes when preparing tax returns, and how to act in case of a tax audit. We also discuss international tax aspects, including transfer pricing and taxation of structures operating in multiple jurisdictions.
Financial Consulting
If you are unsure about the financial stability of your business or preparing for negotiations with investors, we help analyze financial statements, cost structures, and cash flows. During the accounting consultation, you will receive recommendations on budget management, preparation for fundraising, and reducing financial risks.
Consulting on Accounting
We will advise you on how to build or adapt your accounting system in accordance with Czech accounting standards. We will explain the nuances of accounting in complex situations — when changing legal form, during mergers or demergers, as well as in specific areas: inventory, fixed assets, intangible assets. Accounting consulting helps identify weaknesses in the organization of accounting and find solutions to eliminate them.
Consulting on International Financial Reporting Standards
For companies operating in an international structure, we provide explanations on the preparation of financial statements under IFRS. We consult on transforming national reporting into IFRS format and aligning accounting policies with the requirements of the parent company. We also address common issues that arise when transitioning to international standards.
HR and Payroll Accounting Consulting
During accounting consultations, you may discuss questions related to payroll calculations, vacation pay, sick leave, employment relationships, notifications to ČSSZ and insurance companies. We address specific cases related to employment contracts, terminations, bonuses, and preparations for inspections by the labor inspectorate SUIP.
Consulting on Company Registration and Liquidation in the Czech Republic
If you are planning to open a business in the Czech Republic or, on the contrary, are closing operations, we will help you understand the registration procedure, choose the appropriate legal form, and the necessary steps for registration. We also provide consulting on voluntary liquidation, bankruptcy, or switching to another form of doing business.
VAT Consulting
We explain how the DPH system works in the Czech Republic, when registration is required, what rules apply to cross-border transactions, and how to properly issue invoices. We cover reverse charge issues, control reports, and typical errors in filing VAT returns.
Consulting for Foreign Entrepreneurs
We help foreign companies and individuals understand how to structure accounting and tax systems when entering the Czech market. We explain how double taxation treaties work, what requirements apply to branches and representative offices, and how to avoid administrative mistakes at the start.
Audit Support and Preparation for Inspections
During an accounting consultation in Prague, you will receive recommendations on how to prepare for a statutory or voluntary audit. We explain which documents are usually requested during an audit, how to properly address identified discrepancies, and what to expect from inspections by regulatory bodies such as the Financial Office (Finanční úřad), ČSSZ (Czech Social Security Administration), health insurance companies (zdravotní pojišťovny), SUIP (Labor Inspectorate), and other supervisory authorities.
Mergers and Acquisitions (M&A) Consulting
We provide accounting consultations for the preparation of the accounting and tax parts of M&A transactions. We discuss conducting due diligence, approaches to asset and liability valuation, and transaction structuring options with minimal legal and tax risks.
Consulting for Crypto Businesses
For companies working with cryptocurrency, we offer specialized accounting consultations. We explain how to organize accounting for crypto transactions, classify income and expenses, and develop accounting policies in accordance with Czech and EU legislation. We provide recommendations on cryptocurrency taxation, maintaining accounting for crypto businesses in the Czech Republic, AML compliance, and obtaining CASP/VASP licenses. We also address questions related to tax residency and cross-border operations in the crypto environment.
Consulting for Aspiring Entrepreneurs
If you are only planning to open a business in the Czech Republic and don’t know where to start — we will help you figure it out. During an accounting consultation, you will receive answers to the key questions faced by any beginning entrepreneur: which form of business to choose (s.r.o., živnostník, a.s.), whether to hire an in-house accountant or outsource accounting, what reporting obligations arise from the moment of registration, and how to avoid fines in the first year of operation.
We explain how to properly set up accounting from the very beginning, what documents must be prepared, when the obligation to register as a VAT payer arises, and how to interact with the tax and social authorities. We also advise on how to avoid common mistakes and build the accounting system wisely — without unnecessary costs and corrections in the future. We also offer accounting services in the Czech Republic – ongoing support and full bookkeeping for businesses.
How Consultations Are Conducted
Accounting consultations in the Czech Republic are provided in the form of in-person meetings, online sessions, or written opinions (opinion letter). During the consultation, you receive specific answers, an analysis of your situation, and recommendations for next steps. After the consultation, we can also offer support for implementing the proposed solutions.
If you have any questions related to finance or accounting — contact AMS in Prague for professional accounting consulting.