Partner, Deputy CEO
As head of accounting services, he has been leading RSM Hungary Zrt's accounting services practice since 2007. He is a qualified economist, registered chartered accountant and tax advisor. As head of accounting services, he is responsible for work organisation and the professional supervision and training of the staff as well as for ensuring compliance with the highest quality standards. He is in daily contact with the company's customers, thus he has both direct and indirect understanding of the tasks and issues arising in business practices concerning accounting, taxation and the economic and financial position of companies.
The resolution on dividend is taken once a year when the financial statements are approved and the company\'s supreme body decides on the amount and payment of the dividend. Under the effective legal regulations, the untied retained earnings supplemented by the after-tax profit of the previous business year is considered for the purposes of dividend.
Read morePreparing financial statements is one of the most complex annually recurring tasks in corporate accounting. The preparation of annual financial statements is not only a legal requirement, but also a key element of corporate transparency. During the closing process, it is essential that all items are processed accurately and in line with the Accounting Act.
Read moreIn Hungary the resolution on dividend is taken once a year when the financial statements are approved and the company\'s supreme body decides on the amount and payment of the dividend. Under the effective legal regulations, untied retained earnings supplemented by the after-tax profit from the previous financial year may be disbursed as dividend.
Read moreThe beginning of the year is a busy period for the accounting and finance departments of every company, since this is the time when the accounting changes and regulations that entered into force at year-end are being implemented and applied in the company\'s accounting and audit systems. We have summarised the most important accounting changes that businesses need to be aware of in 2023.
Read moreRecent changes in the forint exchange rate have had a marked impact on the operation and profitability of companies. Currently, less than half a percent of domestic companies keep their books in foreign currency, although for companies where a significant proportion of transactions are not HUF-based or where there are significant amounts of forex transactions, a change in the currency of accounting or even tax payment may be justified. For CIT and LBT tax payments in foreign currency, companies must already take steps by 1 December.
Read moreReporting is a recurring task that companies subject to the reporting obligation must perform routinely but never mechanically. The reporting obligation applies in many cases, in addition to the annual reports, and many processes are the same as the tasks performed as part of the annual reporting. The following summary focuses on these main tasks.
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