2. |Welcome|
It is a fact of modern business life that, sooner or later, a company will require the services of an
accounting, tax and/or payroll firm. Doing business in the Czech Republic is no different to
anywhere else when it comes to the need for the correct tax structure and compliance followed
by accounting and payroll processes, and in situations where companies report to head offices
from different jurisdictions, or employees are transferred to the Czech Republic on foreign
employment contracts, the need for the best possible tax and accounting advice is of even more
importance than usual. Whilst the Czech Republic is, on one hand, a home of many big
multinational firms specialized in management consultancy, and, on the other hand, there are,
of course, numerous local and smaller accounting or tax consulting firms operating throughout
the country, many companies require a range of services that fall somewhere between these two
groups; international knowledge and fluency in a number of languages, combined with local
expertise and understanding, all at a reasonable price. This is where LERIKA comes in.
Lerika was founded by 3 ex ‘Big Four’ managers, whose knowledge of the Czech
Republic, and the Central European region as a whole, combined with their wide
ranging experience of its business environment, led them to believe that there was
a real opportunity for a company that was able to provide a range of financial services
that, except for the multinational consultancy firms, could not usually be found
under the same roof.
More importantly, each of the founding partners was clear about their own belief that
today’s customers, whatever their requirements, are looking for much more than a
straightforward book-keeping service or quick piece of tax advice; they want to feel
confident that their professional advisors really care about them and are primarily
focused on providing a solution that fits in with their individual needs, rather than simply
ticking all the boxes on a standard check-list.
3. |Our services|
Established in 2005 LERIKA has expanded rapidly and from an initial team of just
3 it is now able to offer more than 15 experienced professionals who are ready to provide
a wide range of complimentary services that fall into three main categories:
• Accounting and Payroll
• Tax
Whichever above service you are looking for, LERIKA will offer a significantly different
approach to your problem than you might be used to. At this stage, you may be
simply looking for a payroll solution, or some quick advice on a tax problem, and
if that is the case, LERIKA will happily offer you a prompt and cost-efficient service
that exactly covers your requirements. But once you start working with us, you
will see how LERIKA’s comprehensive services are able to support the successful
realization of your strategic goals by ensuring that each part of your business puzzle
fits together to provide a cost and time effective solution that actually turns the
administration side of your business into a pleasurable experience.
If you are tired of feeling that your book-keeper is only there to process your
paperwork each month, with little thought of how best to optimize your tax
situation, if you have wondered why no-one has told you about a new tax code
or accounting process that can save you money, or if you have simply got some
questions on your accounting that you are unable to get an answer to, talk to
LERIKA; we will do more than simply cover over the cracks; we will ensure that the
cracks don’t appear in the first place!
4. LERIKA Accounting and Payroll
LERIKA Tax
LERIKA Consultancy
LERIKA in the Slovak Republic
5. |Contact|
LERIKA is the umbrella name for LERIKA
Accounting and Payroll, LERIKA Consultancy and
LERIKA Tax.
To make contact with LERIKA in the first instance,
please contact the company’s head office:
LERIKA Head Office:
Domažlická 1256/1, 130 00 Praha 3
LERIKA in Slovakia:
Lazaretská 12, 811 08 Bratislava
Email: info@lerika.eu
Website: www.lerika.eu
For accounting and payroll advice, please contact:
Monika Borkovcová / Telephone: +420 722 548 529,
Email: monika.borkovcova@lerika.eu
For tax advice or consultancy services, please contact:
Ivana Ottová / Telephone: +420 602 464 988,
Email: ivana.ottova@lerika.eu
7. LERIKA Accounting and Payroll
LERIKA Accounting and Payroll is able to take over all company’s book-keeping
obligations, including any communication with the state authorities and the fulfilment of
various statutory reporting obligations, such as:
• Keeping and managing the standard books of accounts
• Preparation of VAT returns and other EU tax compliance duties
• Financial statements – regular, extraordinary, interim
• Management reporting
• Conversion of financial statements to IAS
• Consolidated financial statements
• Annual reports
• Preparation of corporate income tax returns, real estate and road tax returns
• Preparation of statistical reports
• Set-up of processes, rules and control mechanisms for book-keeping,
including continuous controls
• Accounting advisory
• Assistance in terms of preparation of materials for a statutory audit
• Financial controlling for investors and shareholders
LERIKA Accounting and Payroll can also take over all company’s more detailed accounting
duties, including the preparation of payments, administration of entrusted accounts, distribution
of reminders to debtors, preparation and control of travel orders, preparation of underlying
materials for the calculation of meal vouchers, and anything else that a company needs to be met
in the book-keeping and accounting area; in short, LERIKA offers to replace the services of an in-house
accounting department with its own ones and provide them at a fraction of the original cost.
LERIKA’s payroll division offers clients a complete package of services ranging from the
simple registration of employees at the social security office and the preparation of their
monthly payroll, to a number of other day-to-day administrative and management services.
8. LERIKA Accounting and Payroll is made up of professional and seasoned personnel, each
of whom has had many years of experience working with both SMEs and multinational
companies in the areas of book-keeping, payroll, financial controlling and management
accounting. Each member of the LERIKA team has been undergoing regular trainings to keep
them up-to-date with relevant legislation, and all of them fluently speak at least one other
international language in addition to Czech (or to Slovak in the Slovak office).
One of the many advantages of working with LERIKA Accounting and Payroll is its ability
to actively work alongside LERIKA Tax in order to ensure that all clients have up-to-date tax
advice and additional services as and when required. LERIKA’s accounting and tax personnel
also work closely with a number of law firms to ensure that clients receive an integrated
approach to any given problem, whether it comes from a legal, tax or accounting
standpoint.
Ultimately, however, LERIKA’s aim is to provide all of its clients with an outsourced
accountancy solution that will significantly reduce the company’s costs whilst at the same
time providing a safer and more effective administrative and accounting solution. With
employees becoming an ever-increasing cost burden to companies, and personnel with
expertise in accounting and payroll being in one of the higher level salary brackets,
everyone at LERIKA believes that it makes very little sense for companies to have large
in-house book-keeping and accounting teams, since it is considerably more time and
cost effective to outsource all but the very basic of book-keeping functions.
LERIKA can provide support to its clients by taking over all of their book-keeping,
accounting and payroll obligations, thereby reducing personnel costs by eliminating the
need for in-house book-keeping and other services, and, at the same time, reducing the
company’s risk by guaranteeing that any problem in the company’s accounts, if it appears,
will be resolved by LERIKA rather than by you, the client.
LERIKA Accounting and Payroll
10. LERIKA Tax
LERIKA Tax is one of the best regarded tax consultancy firm in the Czech Republic. Headed
by Ivana Ottová and incorporating a team of tax advisors who mainly come from
a ‘Big 4’ background, LERIKA Tax offers a quite new approach to the complex world of
tax accounting.
LERIKA Tax offers its clients hands-on tax advice, from straightforward company taxation
solutions to the complex restructuring and merging of companies and their ultimate tax
optimization. With Czech tax legislation developing and changing on a regular basis, and
more and more companies requiring tax solutions that work in both the Czech Republic
and any where else abroad, the days of a tax advisor simply being required to sign off on
a company’s tax return form at the end of the year are long gone.
LERIKA Tax has been at the forefront of the drive to change Czech companies’ attitudes to
tax issues and solutions, and gradually more and more managers are coming to realize that
it is better to talk to a tax advisor before there is a problem than after. It may be an old
adage, but the saying ‘you have to spend money to make money’ is no better suited than to
tax advice; and with LERIKA Tax you can be sure that your money will be well spent!
Whilst LERIKA Tax carries out its own individual projects for clients, unlike many of its
competitors, however, it also adds a value to clients from LERIKA’s other divisions by
ensuring that all accounting, payroll and other business projects are carried out with due
consideration to both tax legislation and the customer’s best tax solutions.
11. LERIKA Tax’s team of experts can advise companies on a wide range of tax issues, including:
• Corporate tax services
• Mergers and acquisitions
• Advising on real estate transaction taxation
• Communication with financial authorities and litigation
• Tax and accountancy consultation
• Issues related to the permanent establishment of foreign entities
• VAT compliance
• VAT planning and consulting
• Harmonisation of business systems and procedures with European VAT law
• Czech personal income tax compliance
• Determination of tax residency status
• International employment - its solutions and related tax and social security issues
• Retirement & benefits
• Transfer Pricing.
LERIKA Tax
13. LERIKA Consultancy
In today’s difficult and competitive business environment, organizations must not only
implement their strategies and processes efficiently and effectively, but they also need
to be able to balance any expansion (or reduction) plans whilst ensuring that their main
focus remains on satisfying their stakeholders – i.e. their clients, suppliers, employees and
shareholders.
Over the years, LERIKA Consultancy has developed a team of experienced and reliable
professionals, who are all perfectly qualified to lead and manage complex projects
and transactions. By engaging one or more members of the LERIKA Consultancy team during
times of change, clients are able to maintain their own focus on the day-to-day running
of their companies, whilst the LERIKA Consultancy team concentrates on managing
and leading whatever transaction is being undertaken, all the time ensuring that it is properly
aligned with the overall business strategy of the company in question.
Clients, of course, expect their consultants to give a first class service. LERIKA Consultancy
has worked hard to build mutual trust through its consistent behaviour and precise
recommendations. The long time partnerships it has formed with its clients, from a wide
range of companies and other organisations, has helped the company to prosper even
in the most challenging economic environment, and to grow stronger when times
have improved.
14. LERIKA Consultancy offers clients a range of complex services most usually associated with entry on,
or exit from the market in both the Czech and Slovak Republic.
Its services include, in particular:
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The highest level of communication standards, accompanied with a range of modern
technology, enables the LERIKA Consultancy team to satisfy both local and international
clients, regardless of a transaction that is being undertaken. It also has the advantage
of being able to call on other members of the LERIKA team whenever required.
By allocating the most appropriate resources on any project, clients can be confident
that they will achieve the expected results at a reasonable cost that they can afford.
LERIKA Consultancy
16. LERIKA in the Slovak Republic
Since opening its head office in Prague, the Czech Republic in 2005, LERIKA has been
undertaking a rapid expansion, not only in the speed and extent how its Prague office has grown
and developed until these days, but also in its ambition to be present in other countries
in the CEE region.
LERIKA’s Prague office is now one of the most respected “one-stop shop” tax and accounting
practices in the country. However, with a large network of contacts established with tax and
accounting professionals in Slovakia, it was a natural progression for the company to look
at Bratislava as the next place to open for business.
In Spring, 2009, LERIKA’s first office outside the Czech Republic was established in Slovakia.
With offices in the very centre of Bratislava, and with a team of tax and accounting
professionals, LERIKA is able to offer both local and international clients from all over the
country the same wide range of professional services as it does in Prague.
With so many companies today being present in both the Czech and Slovak Republics
(and, in many cases, with the same person responsible for both countries), it makes
obvious sense for such companies to use professional advisors that have expertise in both
jurisdictions, and LERIKA is in the ideal position to provide such a service.
17. LERIKA in the Slovak Republic offers a range of complimentary services that fall into three
main categories:
• Outsourcing of Accounting and Payroll
• Tax
• Consultancy
LERIKA’s key advantage is its experience in working closely with teams of lawyers on a
number of different types of transactions, such as entry on the Slovak market and the
carrying out of due diligence or mergers in order to offer an integrated approach to legal,
tax and accounting issues that a client may be facing in such cases. Whatever the situation,
LERIKA will ensure that each part of the puzzle fits together to provide one cost&time
effective solution.
LERIKA’s extensive experience in the outsourcing of accounting, payroll and/or tax
processes will make your company’s transition from an” in house” to outsourcing model a
very easy one; with LERIKA, you can be sure that you are in good hands.
LERIKA in the Slovak Republic
