Focus on Trust in Hungary

Transcription

1 Focus on Trust in Hungary Adr.: Tel.: Fax: Abt@abt.hu Web:

2 Local expertise International resources Our services Safety for your investments in Hungary Payroll & HR Accuracy and confidentiality Tax consulting Personal advice for complex issues Audit Clarity and transparency Accounting Easy-to interpret, accurate information IT & internal audit Manage your risks 06 12

3 József LÁNG Economist, Tax expert, Partner and managing director of The many years of experience in supporting small and middle-sized international companies are my most important contributions to your business success in Hungary. As partner and managing director of, my top priority is to synchronise our service lines and to tigger innovation. During my work, I am keen to inspire our colleagues in order to let our clients face with an always dynamic, developing company with motivated people. Key to your success in Hungary. Investing in Hungary is a great opportunity, but it also entails certain risks unless you have sufficient knowledge about the local business environment and the relevant regulations by yourself or through a competent advisor. As an active local player in Hungary s economy, we have an excellent, up-todate knowledge, so you can minimize your risks, meanwhile we represent a Western European mindset and working morale with strict confidentiality. Safety for your investments in Hungary What options are available for foreign investors who would like to start a successful business in Hungary living up to the relevant laws and regulations? How can local conditions be aligned with the requirements of a parent company? To find competent and professional answers, you should work with a local consulting firm, which have an international orientation as well, like ABT Treuhand Group. We can develop and explain you the solutions, which enable your company to fulfil the local legal requirements, as well as that of the mother company at the same time. In 1993, the Swiss ABT Treuhandgesellschaft AG founded the Hungarian trust company ABT Hungária Tanácsadó Kft. and the Hungarian audit firm ABT Hungária Könyvvizsgáló Kft. in Budapest. The Hungarian offers the expertise of more than 30 highly qualified employees speaking several languages. Our clients are mainly small and medium sized international enterprises in the manufacturing, trading and services industry. NEXIA International Take advantage of our international Network In 2005, became a member of Nexia International. Nexia International is a worldwide network of independent audit and consulting firms and is currently ranked 10th on the list of global professional networks

4 Péter KARDOS As head of our Tax Division, my priority is to provide quick and accurate consulting services to you by exploiting the high quality, up-to-date taxation and accounting know-how of ABT Treuhand Group. We are focusing on understanding precisely the requests and always thinking together with you. Tax expert, Registered Auditor Head of Tax Division Tax consulting Personal advice for complex issues Economic and legal frameworks pose ever new challenges to companies and private individuals. The complex situations require flexible and creative thinking to find an effective solution to any issue. Our professionals with comprehensive and thorough educational background and many years of experience will guide you to find the optimal path. General Services Start-up consultancy in Hungary National and international tax planning Restructuring Tax ruling Due-diligence assessment VAT refunds Establishment of enterprises and affiliates Domicile Services VAT compliance services Depending on the business of a foreign company, VAT registration in Hungary or preparing the Hungarian VAT returns can be required in many cases. Our staff can assist you from the beginning of the registration to compiling the tax returns as well as offering you representation in a tax audit. Expat services Employers in Hungary face many tax issues concerning their foreign employees. To answer these questions, the expertise of professionals who know both the Hungarian as well as international regulations is indispensable. Our staff experienced in this field is there for you to complete the required and necessary administration. Transferpricing Services (AMADEUS Database) Transferpricing has become an ever more important tax issue in the recent years. The arising competition in taxes has encouraged the countries to introduce strict regulations for the determination of transfer pricing with the related companies. Our work is supported by the AMADEUS database which is highly appreciated among the tax consultants and the tax auditors as well. Simulated tax investigation Our employees have many years of experience in this field, which enables us to detect hidden or potential risks and deficiencies of a company s taxation. You can correct these problems without worrying about penalties and calmly prepare for future tax investigations Tax consulting

5 In accounting services I can guarantee the highest quality as the leader of a team which consists of many experienced accountants. We have been working with the same team for many years, so your personal contacts will always find a prompt and efficient solution for your problem. Daily accounting routines are also performed with the same dedicated approach. Ádám MILUS Accountant, Tax Consultant Head of Accounting Division adam.milus@abt.hu Accounting Easy-to interpret, accurate information Our services in accounting are designed to help you in a holistic way: from accounting management to comprehensive administrative services. We are pleased to provide accounting support using your corporate system or we can offer you the system used by us. We can develop high-level and detailed reports according to your requirements or you can outsource all your reporting activities to us. Most importantly, legal regulations are always complied with and you ll have access to all information needed to make your business decisions on time. General services Organization of accounting Bookkeeping Closing consultancy Preparation of tax returns Preparation of consolidated accounts Reporting Controlling Accounting in ERP Systems (SAP, SAP Business one, BaaN, Navision) We offer assistance in the implementation of ERP systems (SAP, SAP Business One, BaaN, Navision) for accounting and taxation. We manage your entire accounting integrated in the company s ERP system. On-site bookkeeping We are ready to deliver our services to our customers on site upon request. Our employees perform bookkeeping at the facilities you indicate, either using our system or your own software. In addition, they are ready to draw up the reports you require. Chief Accountant support We offer professional consulting services to our customers with own accounting staff, who perform booking services in their own accounting system. In case of any question, we offer professional advise and are able to verify the financial statements and tax reports with the eyes of a chief Accountant or tax advisor Accounting

6 Edina FAZEKAS Economist, Tax expert Head of Payroll Division As the head of Payroll Division I coordinate and control the tasks of payroll accounting and pay maximum attention to find favorable answers to your employment related issues within the shortest deadlines. Our experienced team working with the best available payroll software guarantees accuracy, quickness and highest privacy for you from month to month. Payroll & HR Accuracy and confidentiality Payroll is a world of trust and discretion. The main criteria include accuracy, orderliness and speed. For employers, an optimal cost level is a key prerequisite for competitiveness. We have more than ten years of experience in this field. Our effective IT system guarantees that we ll meet your expectations to the maximum extent. General services Recruitment Staff administration Payroll administration Developing and auditing compensation plans Labor audit Regular payroll services We offer you a reliable and affordable solution. We use the best Hungarian software solutions, providing you and your colleagues even online access to payslips and reports. Management payroll We offer discrete solutions for separate payroll administration of the management team or senior employees. In this case, the personal information is stored only in our payroll software and all necessary tasks are carried out under strict confidentiality. Payroll of Hungarian employees of foreign employers If a foreign employer wants to hire Hungarian employees without having to establish a subsidiary or branch office in Hungary, we can offer an easy and cost-saving solution for completing fiscal and administrative tasks. Payroll administration and labor-legal audit If you hire employees in Hungary, you will definitely learn how complex and complicated the tax and labor laws in Hungary are. If you perform payroll administration internally then please take advantage of our audit services. It helps you get prepared for a labor or tax audit on time. Also, we make recommendations on optimizing the compensation system Payroll and HR

7 Mariann TÓTH Certified auditor Head of Audit Division As the Audit Partner of, I take absolute responsibility for the performance of our audit works. I am glad to serve our clients with my years of experience in audits of accounting processes of the international and Hungarian SME s. My duty is to manage the work of our colleagues and to hold personal contact with our clients to gain and keep trust mutually. mariann.toth@abt.hu Audit Clarity and transparency The business of a company is secured by a statutory audit above all. Our goal is that the clients reading our reports obtain reliable information about the financial situation of the company and be able to rely on them. Our employees with extensive professional experience can always help you make informed decisions. General services Annual audits Consolidated audits under HU-GAAP, Swiss GAAP FER, IFRS Special audits Due diligence In company acquisitions and mergers, stakeholders need detailed, accurate and transparent reports to be able to make the right decisions. Due to the conditions provided or jointly agreed, the best choice to create such a report is an independent expert. Audit services for grants and subsidies Our staff will guide you through the maze of legal norms of international and Hungarian subsidy policies and help you claim available EU-resources in the most efficient way. Review of special transactions In today s constantly changing world, people often face extreme situations. We help you find the best solutions in the ambiguous statutory provisions regarding taxation and accounting. Audit is not a miracle cure but we ensure to our customers accuracy and completeness of transactions audited Audit

8 Ferenc SMOHAY Economist, CISA, CIA, Head of IT and Internal Audit Divison As the IT and Internal Audit partner of I m ready to take an independent, deep look into your IT and business processes building on my nine years of hands-on experience. What s in it for you? We point out your areas of risk, and propose concrete actions to manage them. As a result you can increase your level of security and efficiency, and have the good feeling that your organization is running safe. IT & Internal Audit Manage your risks In today s gloomy business environment the success of a company is increasingly dependent on its leaders quick and efficient reaction to unexpected situations and risks. Our experienced colleagues in our IT and Internal Audit Department are at your disposal to reveal the risks that are not appropriately managed in your IT systems and business processes and to suggest remediating or mitigating actions. As a result, your will feel yourself and the company operation safer. General services IT risk assessment Data analytics (CAATS) Compliance reviews IT due diligence Outsourced/co-sourced internal audit External assessment of the internal audit function Internal controls system development SAP Audit Does SAP adequately control the business and security risks? Does it support the business processes in an efficient way? We let you look inside SAP and show you the answers. Our SAP specialist auditors bear with the rare combination of knowledge that is required: SAP and IT audit on one hand, business Process and Finance on the other hand. IT Audit Today s information society poses several challenges to top managers. They have to use the latest technologies if they don t want to lag behind competition. At the same time, they have to manage the related risks. We help you to assess and manage the complex IT risks so that you will know your company data and operations safe. SAP Authorization Audit and Advisory with CSI Authorization Auditor Do your people have proper access rights within SAP? Do you have an efficient and easy-to-manage SAP role structure? Are you aware of all segregation of duties risks within your organization? If yes, you belong to a lucky minority. Companies using SAP usually struggle to create a robust, easy-tomanage, risk-free SAP role structure, where each and every people have enough access rights to perform their job, but no more. Should you need any help in this area, turn to us, and our experts with multiple years of experience, equipped with the necessary tools like CSI Authorization Auditor, can assist you. Internal Audit An external, fresh look at the company processes, the related risks and efficiency improvement opportunities can immensely boost up operations. Usually, Internal Audit functions play this role within organizations. However, it s not viable for many companies to create and maintain an own Internal Audit group. The solution is outsourcing the Internal Audit function or hiring internal auditors temporarily, under a co-sourcing agreement. You can build on our experience and on our international network, Nexia in both cases IT & Internal Audit

9 in Hungary: ABT Hungária Tanácsadó Kft. ABT Hungária Könyvvizsgáló Kft. in Switzerland: ABT Treuhandgesellschaft AG ABT Revisionsgesellscahft AG Our memberships: