Services

Services in this area are focused on helping clients in the financial and management control

with emphasis on:

- Analyzes of the development of financial and asset status

- Preparation of business plans and processing of business plans

- Transformation projects and joint ventures projects

Parts of the works are analysis and consultancy services on business, tax and accounting areas

in connection with the implementation of projects according to the requirements of our clients.

Business consultancy:

- Economic and organizational consultancy

- Consulting in setting up, eventually transforming businesses processes as well as in bankruptcy and compensation proceedings

- Financial consultancy

- Economic-financial analysis

- Creation of business plans and support in their implementation

- Determination of the amount of lost profit

- Estimated overall value in individual asset areas

Tax consultancy:

- Tax audit as a prevention of major tax and accounting issues

- Tax returns processing

- Preparation of written opinions on selected customer’s tax issues

- Solutions and procedures proposals to ensure the optimization of tax charge under various kinds of taxes for domestic and          foreign businesses and individuals

- Representing clients in face of tax authorities

- Development of specifications for all types of lodging appeals

- Developing materials for appeal preparation and providing legal assistance in tax proceedings

- Providing information to clients about fundamental changes in legislation related to tax matters

- Tax advice on mergers, divisions and liquidations of companies

PARTNER AUDIT Company also focuses on providing comprehensive services in finance, accounting and human resources. An important aspect of providing these services is expertise supported by long experience, practice and constant monitoring of the legislation. Our staff is able to (certificate holders of 1st and 2nd stage of Project Accountant certification profession in the Slovak Republic and regularly participate in all training sessions and seminars on current topics and changes in Slovak legislation) quickly and flexibly respond to emerging situations in your requirements or problems. During the entire period of mutual cooperation, we favor close contact with client, because none of the important decisions can be definite without prior mutual consultation of both parties.

Comprehensive management of current accounts agenda

- Management of standard agenda for double-entry accounting

- The accounts of all accounting cases according to supported documents

- Bookkeeping

- Control of formal and substantive evidence in accounts and tax area

- Records management of tangible and intangible assets, long-term financial assets

- Warehouse Management (primary, secondary circuit - logistics)

- Internal accounting (price, calculations - controlling)

- Processing of monthly accounts and relevant tax returns, delivery of monthly reports on the management results, asset management, management of liabilities and assets

- Board log book management

- Technical assistance for business travel accounts in accordance with Act 283/2002 Coll. of travel reimbursements

- Consultancy on application of the eligibility of costs in accordance with the Law on Income Tax

- Implementation of the book inventory of general ledger accounts to 31.12. of the current year

- VAT records processing and VAT returns

- Processing of income tax returns for the current year

- Accounts processing and accounts for the financial year, i.e. development of balance sheet, profit and loss summary, cash flows and notes to the statement of finances

-Processing of documents for disclosure of financial statements for the current year in the collection of documents of the   relevant court registry and in trade journal of the SR

- Development of methodology in accounting processes

- Processing of statutory returns for the Statistical Office of SR, for the National Bank of Slovakia, and others.

System testing

- Effective functioning of the internal control system

- Internal accounting (price, calculations - controlling)

- Substantive and formal accuracy of accounting documents

- Methodology of postings

- Accounting methodology as a whole - helping in the development of accounting methodology as a system (system of internal rules and regulations)

- Compliance with current legislation - law 431/02 Coll. of accounting Act. 366/99 Coll. on Income Tax, as amended, of Act. 289/95 Coll. on VAT, as amended, of Act. 511/92 Coll. on Tax Administration, as amended and other related legislation

Complex payroll processing and personnel agenda management

- Preparation of employment contracts and agreements

- Calculation of wages, pay slip processing

- Calculation and processing of contributions to health insurance, social insurance and the unemployment registry according to the relevant deadline, including the compilation of applications, cancellations and reports to relevant institutions, on the client request we also provide liaison with relevant institutions

- Management of comprehensive payroll agenda, including a personnel agenda for each employee

- Processing of annual accounts on income tax

- Processing of quarterly and annual reports on deducted pre-payments on income tax

- Processing of relevant statements related to payroll management

- Processing of monthly accounts and relevant tax returns, provide monthly reports on the management results, asset management, management of liabilities and assets

- Providing professional consultation and expert advice in payroll and personnel agenda

- Work policy processing for a company, eventually other internal regulations at the client’s request

There are two global comprehensive sets of accounting principles and standards underlying the global accounting. These are historically older American accounting principles and standards of U.S. GAAP and International Accounting Standards (IAS / IFRS). It is the IFRS that reflects views and traditions of European states, their national approaches, including national regulators in financial accounting.

Starting in 2004, Slovakian national accounting is beginning an adjustment to gradual implementation of elements of the International Accounting Standards (IAS / IFRS). Since 2006, under the Accounting Act accounts all companies that meet size criteria specified in § 17 of the Accountancy Act, those whose securities are registered for example at the stock exchange, as well as banks, insurance, reinsurance, asset management companies, etc are compiled according to IFRS.

In relation of IAS / IFRS PARTNER AUDIT has a long theoretical and practical experience from which our clients can ensure the following services:

- Transformation of financial statements under IAS / IFRS

- Establishment of the individual as well as consolidated accounts under IAS / IFRS

- Audit of individual as well as consolidated accounts under IAS / IFRS

- Professional consultation and advice to clients reporting under IAS / IRS

- Organizing seminars and training on IAS / IFRS, according to the requirements and needs of clients

PARTNER AUDIT Company is involved also with IAS / IFRS, in relation of its publishing activities. Articles on the subject were periodically issued on monthly basis from Ing. Iveta Demcáková and Ing. Mária Cvecková in periodicals Dane a úctovníctvo (Taxes and Accounting) and Poradca (Advisor).