Our services
Scope of Services
The monthly accounting fee covers the comprehensive accounting, payroll, tax compliance, and administrative services listed below. Our objective is to provide a reliable, proactive, and fully compliant accounting service, allowing the Client to focus on the day-to-day operation and growth of the business while we manage its financial and tax obligations.
Unless otherwise agreed, the services listed under Section 7 – Additional Services are outside the scope of the standard monthly accounting package and are subject to separate fees.
1. Accounting
- Recording and bookkeeping of all business transactions.
- Monthly reconciliation of bank accounts and accounting records.
- Review and processing of invoices and supporting documentation.
- Maintenance of accounting records in accordance with Hungarian accounting standards.
- Secure digital document management and archiving.
2. Tax Compliance & Reporting
- Preparation and submission of all required tax returns.
- VAT compliance and preparation of VAT returns (where applicable).
- Corporate income tax compliance.
- Local business tax compliance.
- Preparation and submission of annual financial statements.
- Preparation and submission of statistical reports (where required).
- Continuous monitoring of filing and payment deadlines.
- Tax payment notifications sent well in advance of each deadline.
- Monitoring legislative changes affecting the Client’s tax obligations.
3. Payroll Administration
- Monthly payroll processing.
- Preparation of payslips.
- Preparation and submission of payroll-related tax and social security returns.
- Administration of employee onboarding and termination (where applicable).
- Payroll-related reporting and statutory compliance.
4. Communication with Authorities
- Representation before the Hungarian Tax Authority in routine accounting matters.
- Handling standard correspondence with the tax authorities.
- Assistance in obtaining tax certificates and other official documents.
- Support during routine tax authority inquiries related to our services.
- Liaison with other authorities where required for accounting or payroll matters.
5. Advisory & Client Support
- Dedicated accountant and primary point of contact.
- Ongoing accounting and tax advisory.
- Unlimited email support for accounting and tax-related questions.
- Guidance on day-to-day accounting and compliance matters.
- Proactive communication regarding potential compliance risks.
- Recommendations on tax-efficient solutions within the framework of Hungarian legislation.
- Priority handling of client requests and responsive communication.
6. Invoicing Administration
- Issuance of sales invoices based on the information provided by the Client.
- Management of the invoicing software and NAV Online Invoice reporting (where applicable).
- Support with invoicing-related questions and best practices.
7. Additional Services (Subject to Additional Fees)
- Application for a Hungarian Tax Identification Number for foreign employees.
- Application for a Hungarian Social Security Number (TAJ) for foreign employees.
- Preparation and submission of applications for an A1 Certificate.
- Assistance during an audit performed by an independent external auditor.
- Engagement of an external tax specialist for complex tax planning, tax structuring or second opinion engagements.
Additional services are quoted separately unless included in the engagement.
