VAT and eVAT AUDIT
Our service is designed to provide our clients with all the necessary steps from VAT returns to a detailed audit of VAT analytics, including invoice verification and a comprehensive review of processes. This service is particularly recommended for internal control purposes, or in the preparation of a significant VAT refund or the introduction of an e-VAT return, to ensure the accuracy of the tax return and minimise tax risks.
INVOICING AUDIT
This service focuses primarily on the legal compliance of issuing and correcting invoices, the rate of VAT, the time of payment and the online submission of data. At the same time, the appropriateness of the invoicing systems – from a non-IT perspective – will be examined. Our aim is to minimise the legal and financial risks faced by our clients by ensuring overall consistency in billing procedures.
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EPR and PRODUCT FEE AUDIT
This service aims to ensure full compliance with product fee and EPR obligations, including a thorough monitoring of processes, correct coding of products and, in the case of assumption of liability or use of a customer declaration, verification of legality and compliance of related documentation such as contracts, invoices and declarations. We review the completeness of analytical data and the filling out of declarations to ensure that our clients’ tax processes run smoothly and in compliance with the law. The aim is to identify and correct regular errors and optimise tax liability as much as possible.
FULL DUE DILIGENCE
Our service provides a wide range of support in the field of tax planning and risk analysis, from the identification of tax errors through the implementation of corrections to the achievement of optimal tax strategies. This service can be particularly useful in case of a takeover or sale of a company, where an in-depth identification of the business risks and a pre-sale assessment are required. Through due diligence, we provide concrete, actionable information and strategies that help to increase the value of the business and reduce the risks of the transaction.
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TAX AUTHORITY INVESTIGATIONS
Within the framework of our services, we strive to efficiently manage tax authority audits, from independent internal due diligence to the preparation for audits and representation before the tax authority. If requested, we provide the office location for the auditors, as well as assistance in the interpretation of tax authority documents and the professional preparation of the necessary declarations, comments and appeals. The goal of our service is to reduce the stress and time associated with tax audits and increase the chances of a successful outcome, while we support and represent our clients every step of the way.
FLAT-RATE CONSULTANCY
Our service is developed to provide up-to-date, practical solutions to support our clients in their written and/or oral business. With the help of a dedicated consultant who is familiar with the specific features of the client’s business, we provide quick, concise and targeted advice to help with everyday accounting tasks. This service not only increases efficiency, but also enables significant time and cost savings, so that our clients can better focus their resources on strategic areas.
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TAX CALCULATIONS, CORPORATE TAX BENEFITS
We can prepare our clients’ with corporate tax, innovation levy and business tax calculations or, depending on the requirements, we can check whether the tax return and its supporting calculations fully comply with the legal requirements. In addition, we pay particular attention to making full use of corporate tax benefits such as SME benefits, tax provisions, R&D discounts, development tax benefits and the advantages of energy investments.
GLOBAL MINIMUM TAX
The purpose of our service is to assist our clients in the multinational group of companies to comply with the new international tax rules. This service includes interpretation of the new global minimum tax rules, analysis of the corporate tax structure and optimal tax planning to ensure that our clients meet the global minimum tax requirements. We advise our clients on the evaluation of the effects of the global minimum tax and the possible modification of their tax strategy, including the review and adjustment of the necessary systems and processes.
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CHIEF ACCOUNTANT, ACCOUNTANT HIRING
The objective of our service is to support our clients where the financial manager or the chief accountant is absent for an extended period of time (e.g. maternity leave) or decides to leave the company. With decades of experience, outstanding professional knowledge and in-depth knowledge of SAP and other business management systems, our expert team is ready to not only replace but also add value. In this way, our customers can be confident that accounting processes will continue smoothly while the replaced employee returns to their position or a new colleague is found.
PREPARATION OF ACCOUNTING, TRANSFER PRICING DOCUMENTATION
We offer a comprehensive support service in the field of accounting regulations and transfer pricing records, including updating of regulations, drafting of new regulations and precise control of existing ones. In addition, our experts carefully review, revise and, where necessary, correct, supplement or rewrite transfer pricing documentation to ensure compliance with international and local regulations. With this service, our clients fully comply with accounting and tax regulations and are ready for possible tax authority audits.
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THEMATIC ON-SITE TRAINING
Our service is designed to make it easier for our clients to keep up with the ever-changing tax and accounting legislation and to increase their professional knowledge in various topics ranging from invoicing to corporate transactions and IFRS. Our presentations, held at a venue of the client’s choice, provide participants with the opportunity to learn directly from our experts, whether it is about preparing for a tax authority audit, taxing promotions or any other relevant topic. The training sessions are interactive and practice-oriented, so that attendees can not only acquire theoretical knowledge but also get answers to concrete, practical questions.
DIGITAL TRANSITION, ELECTRONIC INVOICING
Our service offers modern solutions to facilitate the transition to the world of electronic invoicing. If required, this includes full project management of the introduction of e-invoicing, the preparation of invoicing systems as well as the creation of electronic issuance and reception of outgoing invoices, including the provision of the necessary technical infrastructure. We offer comprehensive solutions for the digitisation of paper documents and the optimisation of archiving processes, including the preparation of policies and customer information leaflets.
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CBAM (CARBON BORDER ADJUSTMENT MECHANISM) ADVICE
We provide full support to the companies concerned in complying with EU rules to offset the carbon intensity of their imports. This covers the determination of CBAM eligibility, CBAM reporting and declaration obligations – including the registration process, the preparation of a calculation, the definition of the data required for the declaration, and the uploading of data online or in face-to-face consultations. Additionally, we assist with contacting manufacturers and obtaining the manufacturer data that is now mandatory for reporting. We will also assist in the development of the CBAM register and prepare the company for meeting its obligations after the CBAM transition period (2023-2025).
PARTNER-KX-CONTROL SERVICE
Our service includes a partner control audit based on the requirements of the tax authorities, whereby we carry out a thorough audit of selected suppliers and subcontractors based on the information available from the invoice recipient. We check whether the partners are listed in international databases and whether there are any indications of tax evasion. The investigation is documented in a retraceable manner, verifiable to the tax authorities, and a written technical report is prepared. Our service also includes the design and review of the entire due diligence process. Partner due diligence is not only designed to facilitate Hungarian Tax Authority (NAV) audits but is recommended for all new or significant partnerships.
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NIS2 (CYBERSECURITY) ADVICE
Our services help you in fulfilling the obligations of the companies concerned, including registration application, self-identification, compliance (self-)assessment, security classification, reporting to the supervisory authority, risk management, information security system review and preparation for the NIS2 internal audit.
RECOVERY OF IRRECOVERABLE DEBTS
Businesses are often uncertain about transactions that have not been settled in full or in part and there are numerous questions about the recovery of VAT. Our service provides comprehensive assistance in the VAT assessment of irrecoverable debts, in determining how to claim back VAT, in checking the necessary documents, in preparing the application and in dealing with the tax authorities. Our aim is to find a legal and risk-free solution to the possibility of a subsequent tax base reduction.
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ANTI-MONEY LAUNDERING (AML) SCREENING
Our service is designed to support compliance with anti-money laundering and counter-terrorist financing legislation for businesses such as real estate, accounting, financial advisory, head office services, precious metals trading, virtual currency services or gambling. These firms are at increased risk of money laundering and terrorist financing and may therefore be subject to more frequent tax inspections. We can assist you in setting up internal policies and risk assessment systems, identifying beneficial owners, developing a client monitoring system, and preparing and maintaining the necessary documentation.
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