International Tax, Accounting and Law Firm in Hungary
Businesses that wish to permanently outsource their accounting and reporting functions can benefit from full-scale accounting with us. We enable your company to access a wide range of professional services in a flexible manner without needing to employ accounting and tax experts in Hungary.
Our outsourced accounting services are based on three pillars:
Our full-scale accounting solution includes the filing of financial statements and the registration of your firm in the electronic systems of the Hungarian tax administration. Working together with our tax advisors we will also compile your tax returns and file them electronically.
If your firm wishes to implement its own management information system in Hungary, then we will adapt our services to the accounting system, policies and data format preferred by your company.
Based on your choice and preference, we will keep your accounts in HUF or in any other functional currency such as EUR, USD or CHF. We will also carry out all the other interconnected tasks that arise from accounting in a foreign currency.
It is important for us to keep your accounting up-to date and to provide the management information you need. We will regularly send you up-to-date reports in your required data format or we will upload the data directly into your ERP system.
If you wish, we will provide you with the option of accessing accounting information over our digital accounting platform. This separated private cloud with a Budapest server location offers a wide range of useful functions and the option of task-based, individual user profiles.
By sending you regular reports in your required data structure and format, we deliver the seamless integration of accurate accounting data into your ERP system. For some of our clients, we upload the data directly into their company ERP software.
Our digital accounting platform is an optional service which provides you with up to date information and enables efficient co-operation between your company and your accountant in Hungary.
The optional platform can be accessed by your employees from your home country. We will set up separate user profiles for each of your users as based on their work function and what data access you wish to allow to each individual.
For more information on how your own ERP can be integrated into your Hungarian accounting process and how your company headquarters can access your Hungarian accounting directly, please do not hesitate to contact us!
Our accounting services are adapted to our clients’ needs: some clients permanently outsource accounting with us while others require preliminary accounting until the in-house accounting section of the company is ready to take over.
We offer expert accounting advice which many companies find useful especially in the early stage of operation. We also advise on compatibility issues concerning IFRS, US-GAAP and Hungarian Accounting Standards.
While most companies in Hungary keep their accounts in Hungarian Forints, this may be clearly disadvantageous for many internationally active firms. We will guide you through the process of changing your accounting system from HUF to the functional currency of your choice, whether it be EUR, USD, CHF or any other currency.
Once the new system has been set up, we will advise and support your accounting staff in maintaining the accounts, compiling the financial statements and carrying out other interconnected tasks based on the new accounting currency.
We offer payroll services to businesses that wish to ensure the absolute confidentiality of salaries or that do not consider it cost effective to employ their own payroll staff. This is often the case either for smaller companies or larger businesses that are obliged to pay out social security and motherhood benefits. Our experts fulfill the special legal requirements for payroll accountants of companies with over 100 employees.
While we take care of full-scale payroll administration, your firm can concentrate on your core business. In addition to regular reporting we deliver a monthly e-banking file for the payment of salaries, taxes and social security payments. This way, you can complete the bank transfer of salaries and taxes with just a few clicks in your e-banking system.
Our services include the administration of personal income tax, pension and health funds as well as other obligatory state contributions. Most of our clients who outsource their accounting and reporting with us also use our payroll services.
If you would like to have an overview of the expected wage costs as an employer, you can easily make an estimate by using our salary calculator.
International businesses that do not wish to maintain a head office in Hungary can benefit from outsourcing their registered office with us. In you wish, we will take care of the foundation of a new company in Hungary for you and register the new company headquarters in the company register.
In addition to providing a registered business address in the central part of Budapest, we will take care of administrative issues and forward correspondence. We will communicate with the Hungarian authorities for your firm and take the administrative burden off your permanent staff. A registered office is a supplementary service that we offer to clients who outsource their accounting and reporting with us.
We are dedicated to adding value to our clients’ businesses through understanding their objectives and supporting them in achieving their goals. With over 20 years of international experience and a strong focus on digitalization we provide full scale professional services at a single point of contact.
In our Case Studies we have described some examples of how we work for our clients and what benefits we have achieved for them.
A member firm of DFK International a worldwide association of independent accounting firms and business advisers