Every Hungarian company is required by law to have a Hungarian corporate bank account. But how does banking work in Hungary, and which aspects should you consider to make your banking cost-effective as well as effortless?
The post How to cut costs on corporate bank accounts in Hungary appeared first on Helpers Finance.
Cryptocurrencies are stateless, decentralized, anonymous digital currencies, which have often been viewed as a kind of doomsday insurance. They were supposed to be resilient to the fluctuations of the real world, but they have not exactly delivered on that promise as the new dominant international asset.
The post The crypto landscape in times of war appeared first on Helpers Finance.
The war in Ukraine creates uncertainty in the entire region. Scarcity and instability hasten inflation, which at this scale is capable to affect the global economy. These effects are most obvious in the changes to foreign exchange rates.
The post Foreign exchange rates affected by Ukraine war appeared first on Helpers Finance.
When you have funds in excess, it is usually best not to just let them lie around in your pocket or on a bank account, but to make some kind of investment to ensure that your money retains its value, or even turns a profit. But from which investments can you actually expect that, especially in uncertain times, when war looms on the horizon? Learn which are the safest kinds on investment in such cases.
The post Safe investment when war is coming your way appeared first on Helpers Finance.
As a fallout of the current war between Ukraine and Russia, the Central Bank of Hungary (Magyar Nemzeti Bank or MNB) has recently announced that Sberbank Hungary will be liquidated. Bank deposits are insured by OBA and will be returned to customers; corporate customers should find a new financial provider as soon as possible.
The post Sberbank liquidation and OBA deposit insurance appeared first on Helpers Finance.
Despite recent rumors, Revolut is not moving out of Hungary. However, Revolut’s Hungarian HUF bank account is being cancelled as of 1 April 2022, which is most relevant for employers sending salaries to Revolut accounts and people spending HUF in Hungary. Get an overview from us, and see if you are affected.
The post What is happening to the Hungarian HUF bank accounts of Revolut? appeared first on Helpers Finance.
Currently, tension is growing on the border of Ukraine and Russia. Whether or not it will develop into a military confrontation, the situation is likely to affect economy in Europe and around the world. Even if inflation does not skyrocket, already existing trends might accelerate.
The post How a conflict between Ukraine and Russia can affect business in Europe appeared first on Helpers Finance.
When doing business, you expect your partners to pay for your services, or provide the products you have paid for on time. However, sometimes life happens, and your company ends up with debts owed to it. Learn the techniques to mitigate risks and advance debt collection – or reduce the damage caused by irrecoverable claims. Get a full overview, complete with bad debts’ effects on taxation.
The post Debt collection in Hungary: the full picture appeared first on Helpers Finance.
We have already written about most changes to taxation in Hungary 2022 – most of which are tied to the ongoing pandemic and the government’s efforts to increase the purchase power of salaries while also creating a more favorable business environment for companies. Now see a summary of the changes, with links to the more detailed descriptions.
The post Changes to taxation in Hungary in 2022 appeared first on Helpers Finance.
Invoicing software and online invoicing tools are great to improve the accuracy of your invoices while reducing work load and promoting transparency. However, even good programming cannot replace familiarity with regulations, while you should also be on the lookout for glitches. Here, have a few examples of what to watch out for!
The post What to watch out for when using online invoicing tools in Hungary appeared first on Helpers Finance.