November 2021 - Creative Finance

Keep up with the events of the Creative Finance world.
November 10, 2021

Undocumented Expenses and Expenditures That Are Not Incurred in Order to Perform Activity – Expenditures That Are Not Recognized in the Tax Basis Balance Sheet The expenses that cannot be documented and the expenses that are not incurred in order to perform a business activity are not debited to the expenditures recognized in the tax basis balance sheet. The tax base for the income of a legal entity i.e. entrepreneur is increased for the amount of expenditures.

November 4, 2021

In business and accounting practice, we often encounter the situation that legal entities, especially entrepreneurs, use business premises located at the same address where the company is headquartered and do not pay rent. Natural person, the owner of the business premises hands over his premises to the legal entity and entrepreneur for free use, so...