Accountancy
If your Hungarian company does not comply with regulations, its tax number can get canceled and the company can be liquidated. However, this forced liquidation procedure can be stopped if you take steps to restore compliance.
The post How to stop forced liquidation at your Hungarian company appeared first on Helpers Finance.
What you know as sales tax in the U.S. is more or less the same as VAT or Value Added Tax in Europe. Both are consumption-based taxes that are collected indirectly, meaning that while it is the end user who ultimately pays them, they are integrated into prices and collected by the seller. However, while sales tax should be collected only from the end user, VAT is collected at every point of sale – while remaining economically neutral for businesses.
The post What is the difference between sales tax and VAT? appeared first on Helpers Finance.
Small companies operating in industries where long delays are typical between invoicing and settlement sometimes struggle with paying VAT on time – since the VAT content of their invoices must be paid according to the date of delivery, not settlement. Cash accounting was designed to counterbalance this, but it has some serious drawbacks.
The post Cash accounting at your Hungarian company appeared first on Helpers Finance.
In the European Union, most countries have a minimum wage. Each state determines their own minimum wage, and they adjust it regularly to maintain it as a living wage that provides a decent standard of living for full-time workers. A minimum wage can also increase productivity and motivate efficient business operation. Hungary has a minimum wage too; it is applied to everyone without exceptions and adjusted yearly.
The post Minimum wage in the EU and Hungary appeared first on Helpers Finance.
If your Hungarian business serves food or drink to its patrons, your servers will probably expect tips from the customers. You will also have an option to ask for a service fee, which will be added to every sale, and should be distributed among your employees. But how does this work, how should tips and service fees be registered, and how are they taxed? Read on to get an overview.
The post Tipping and service fees at Hungarian restaurants appeared first on Helpers Finance.
Tax season has just started: drafts for the 2025 tax returns created by the Hungarian Tax Authority always become available in the middle of March. You can already check yours online with your Ügyfélkapu or DÁP login. If your monthly reports were all alright throughout 2025, this will only take a few minutes. Make sure to submit your tax returns by May 20.
The post Tax returns in Hungary in 2026 appeared first on Helpers Finance.
Sick leave is a form of paid time off in Hungary. When your employees are sick, they are not supposed to come to work so they will not infect their colleagues and customers, and they can recover faster. The number of sick leave days cannot be limited, and you are supposed to pay sick leave allowance throughout, although the form and amount of compensation will change over time. Learn what sick leaves mean for your Hungarian business.
The post Sick leave allowance at your Hungarian company appeared first on Helpers Finance.
As a company grows, its operational needs will inevitably change over time. If you work with a partner like Helpers, you can receive administrative support throughout your entire Hungarian operation from a single provider, always adjusted for your current needs.
The post Ongoing services for growing companies appeared first on Company Formation.
Every Hungarian business must be registered with the Hungarian Chamber of Commerce, which involves confirming your business information and paying a contribution every year. The deadline is March 31, and you should receive a reminder before the deadline if you have not yet paid. Payment is made easiest online with a credit or debit card.
The post Pay your Hungarian Chamber of Commerce contribution on time appeared first on Helpers Finance.
Are you happy with your current Hungarian accountant and seat address provider? Even if you were satisfied with their services earlier, it makes sense to reevaluate partnerships from time to time. Now we offer a complex annual maintenance solution to growing companies which might need to get more done by their accountant and at their seat than when the company was first set up. We even take care of the company modification free of charge!
The post Complex annual maintenance solution for administrative needs in Hungary appeared first on Helpers Finance.