Accounting

Tax package and its impact on accounting with respect to depreciation

We entered the new year together with the amendment to the Income Taxes Act approved in December 2020. In addition to a number of changes relating to individual income tax (cancellation of the super-gross wage, progressive taxation, monetary meal allowance, change in the amount of personal tax allowance) that were often discussed in the media, the amendment resulted in changes relating to tax depreciation. We would like to briefly introduce the changes together with their impact on accounting. 

19. 2. 2021

New publication laying out differences in accounting standards IFRS and US GAAP

Are you transitioning from US GAAP to IFRS or vice versa? Do you need to consider possible differences between the two accounting standards and do not know where to start? Are you concerned that sources you used in past are no longer up to date after many new standards adopted in past couple of years? Then take a look inside our new publication, which deals with the differences between IFRS and US GAAP in detail. 

22. 1. 2021