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Rising utility bills: employers can help tax-free, here's how!

Rising utility bills: employers can help tax-free, here's how!

The Government Information Centre issued a statement today, which shows that from 1 August, 1.4 million consumers will be affected by the expected drastic increase in electricity prices, and 900 thousand consumers will be affected by the drastic increase in gas prices.

Significant changes to KATA taxation, is the flat-rate taxation worth it?

Significant changes to KATA taxation, is the flat-rate taxation worth it?

The new draft law setting out the new rules for the flat-rate tax on small taxpayers, more popularly known as the KATA, has been passed at record speed. This time, the legislator is not amending existing legislation, but devoting an entirely new piece of legislation to this tax.

Companies with late reporting: fines and tax number cancellation could be the result!

Companies with late reporting: fines and tax number cancellation could be the result!

A registered company that keeps double-entry accounts must file the accounts approved by the approving body by the last day of the fifth month following the balance sheet date of the financial year (31 May following the end of the month in question in the case of a financial year corresponding to the calendar year). If the Company is subject to statutory audit, the independent auditor's report, including the audit opinion or the report of the independent auditor refusing to grant the audit opinion, must also be filed. The accounts must be deposited in the same form and content (wording) as the basis on which the auditor reviewed the accounts - points out Gábor Gulyás, Chief Auditor of International Consulting Team Audit Ltd.

The Authorities may impose fines if you do not review your GDPR documentation every three years!

The Authorities may impose fines if you do not review your GDPR documentation every three years!

The mandatory 3-year review is provided for by the Info Act (Act CXII. of 2011), according to which - unless other legislation specifies a different period - the controller shall review at least every three years from the start of processing, whether the processing of personal data is necessary for the purposes of the data management - points out Dr. Roland Zsidi, senior lawyer at ICT LEGAL, Dr. Termel Law Office.

If you see these signs, it is worth switching accountants - interview with András Csősz

If you see these signs, it is worth switching accountants - interview with András Csősz

He leads an eight-person sales and marketing team and has more than 10 years of professional and sales management experience in confidential services such as accounting, payroll and business consulting. He joined the ICT Europe team when there was not a single client, and today the company books more than 250 companies and group businesses. We interviewed András Csősz, sales manager and consultant at ICT Europe, about his experience with accountancy changes and the challenges and difficulties he sees in this area.

Introducing extra profit taxes

Introducing extra profit taxes

The Government Decree No. 197/2022 (VI.4) regulating the extra profit tax (hereinafter referred to as the Extra Profit Decree) was published in the Hungarian Gazette No. 93 of 2022. The provisions of the regulation - except for the rules on the determination of the specific value of mining, mineral raw materials and geometric energy - will enter into force on 1 July 2022. The tax liability mainly concerns the tax years 2022 and 2023. The tax expert team of ICT Business Advisory summarises the most important rules and changes below.

Interview: cooperation agreement signed between ICT Europe Group and the Hungarian Road Haulage Association

Interview: cooperation agreement signed between ICT Europe Group and the Hungarian Road Haulage Association

In business, collaboration between businesses and organizations offers a wealth of resources that can help both parties increase their competitiveness and success. This is why the signing of this cooperation agreement is a promising step for the Hungarian Road Haulage Association and ICT Europe, a group of companies providing accounting, bookkeeping, tax and legal services.
We ask István Gál, Managing Director of MKFE Szolgáltató Kft. and Gábor Gulyás, Head of ICT Europa Group, about their ideas for the agreement.

Forbes Interviewed our CEO, György Lovász

Forbes Interviewed our CEO, György Lovász

He built up a group of companies in Hungary with a turnover of more than a billion forints, mainly tax consultancy, accounting and bookkeeping, and then moved to the United States to run the US branch of the company. György Lovász, one of the founders and CEO of the ICT Europe Group, has received little press coverage over the past decade. Now reporting from Connecticut, we spoke to him online about why he moved his family overseas, how he envisages the company's future at the home of big accounting firms and what activities he wouldn't recommend for someone entering the US market.

 

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About Us

ICT Europa Finance Inc. is not just an enterprise, it is a Hungarian-owned administration service group where we have set up an excellent quality service portfolio in related fields: tax consulting, accounting, auditing, legal services and IT system operation. Our human resources, our expert background is formed by specialists who are at the top of their fields and who fully identify with our principles.