Financial management of the association

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The obligation to record business transactions under the Accounting Act also applies to associations. The association has the same obligations as other legal forms and persons of the community, albeit the income may be regarded waived from income tax. Due to its usual form of operation, the association has activities in the public interest and may be exempt from income business tax. Association may develop business activities where a tax treatment is regarded to a taxable income. When implementing accounting, it is important to consider the sources of income and the expenses related to them.

You can get this from us:

• statutory accounting

• VAT calculations

• VAT reporting to the tax office

• calculation of withholding tax

• preparation of an advance tax application

• telephone support

• financial statements and tax return

• accounting results to your email on a monthly basis

• continuous guidance

 

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