117-0036/03 – Accounting and Taxes of an Individual Entrepreneur (UDIP)

Gurantor departmentDepartment of Accounting and TaxesCredits5
Subject guarantorIng. Yvetta Pšenková, Ph.D.Subject version guarantorIng. Yvetta Pšenková, Ph.D.
Study levelundergraduate or graduateRequirementCompulsory
Year3Semesterwinter
Study languageCzech
Year of introduction2019/2020Year of cancellation
Intended for the facultiesEKFIntended for study typesBachelor
Instruction secured by
LoginNameTuitorTeacher giving lectures
HAK30 Ing. Jana Hakalová, Ph.D.
PS150 Ing. Yvetta Pšenková, Ph.D.
Extent of instruction for forms of study
Form of studyWay of compl.Extent
Full-time Credit and Examination 2+2

Subject aims expressed by acquired skills and competences

1. To define the basic legal, accounting and tax legislation for individual person – individual enterpreneur 2. To clarify the difference between individual person accounting, financial accounting and tax evidence. 3. To evaluace the advantages of mentioned legal form choice.

Teaching methods

Lectures
Tutorials

Summary

The aim of the course is to provide information about the accounting entity - individual entrepreneur (natural person) and his accounting and tax obligations. Graduate of the course should acquire during the lectures the knowledge necessary for keeping accounting and tax obligations of an individual entrepreneur, distinguish the advantage or disadvantage of choosing a bookkeeping in a full or abridged scope, or choosing tax evidence, or on the bases of analysis to choose another suitable form of business, e.g. establishment of Ltd., general partnership, etc.

Compulsory literature:

AGIANNI, Vasiliki et all, eds. European Tax Handbook 2022. 33nd ed. Amsterdam: IBFD, 2022. 1383 p. ISBN 978-90-8722-760-9. TERRA, Ben a Julie KAJUS. A guide to the European VAT directives. Volume 1, Introduction to European VAT. Amsterdam: IBFD, 2021. ISBN 978-90-8722-680-0. TERRA, Ben a Julie KAJUS. A guide to the European VAT directives. Volume 2, Integrated texts of the VAT directives and the former sixth VAT directives. Amsterdam: IBFD, 2021. ISBN 978-90-8722-681-7.

Recommended literature:

ŠIROKÝ, J., K. KRZIKALLOVÁ a M. KRAJŇÁK Trend, Development, Role and Importance of Personal Income Tax in the EU. Brno: CERM, 2020. 116 s. ISBN 978-80-7623-037-8. TERRA, Ben a Julie KAJUS. A guide to the European VAT directives. Volume 1, Introduction to European VAT. Amsterdam: IBFD, 2021. ISBN 978-90-8722-680-0.

Way of continuous check of knowledge in the course of semester

Written credit and written exam

E-learning

Other requirements

Other conditions are not determined.

Prerequisities

Subject has no prerequisities.

Co-requisities

Subject has no co-requisities.

Subject syllabus:

1. Duties of an individual entrepreneur in starting of a business. 2. Choice between accounting and tax evidence or to claim a percentage of income as deductible expenses, minimum set tax, advantages and disadvantages, accounting and tax aspects. 3. Starting of business and opening an accounting books in case of individual entrepreneur. 4. Choose of the form of bookkeeping - accounting (abridged scope of accounting). 5. Specific accounting transactions during the accounting period in case of natural person - individual entrepreneur (differences in comparison to accounting in a business corporation), contributions to business, subsidies, accounting of cars contributed or non-contributed into the business assets of an individual entrepreneur. 6. Transformation of accounting profit into tax base in case of individual entrepreneur. 7. Closing of accounting books – annual accounts in case of individual entrepreneur and preparation of financial statements in an abridged scope. 8. Possibilities of tax liability optimization in case of individual entrepreneur. 9. Tax return by individuals. 10. The methods of calculating social security advances payments in case of individual entrepreneur, the major and minor activities, minimum and maximum advance payments. 11. The methods of calculating of advance payments for social and health insurance in case of individual entrepreneurs, minimum advance payments. 12. Comparison of advantages of tax keeping tax evidence, bookkeeping or business corporation establishment, advantages and disadvantages. 13. Accounting of value added tax in case of individual entrepreneurs within the Czech Republic, intra-Community transactions and transactions within third countries.

Conditions for subject completion

Full-time form (validity from: 2019/2020 Winter semester)
Task nameType of taskMax. number of points
(act. for subtasks)
Min. number of pointsMax. počet pokusů
Credit and Examination Credit and Examination 100 (100) 51
        Credit Credit 30  16
        Examination Examination 70  35 3
Mandatory attendence participation: Attendance at seminars is set at a minimum of 75%.

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Conditions for subject completion and attendance at the exercises within ISP: Participation in the exercises is optional. Preparation of a seminar paper of 10 pages.

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Occurrence in study plans

Academic yearProgrammeBranch/spec.Spec.ZaměřeníFormStudy language Tut. centreYearWSType of duty
2024/2025 (B0413A050012) Economics and Management (S02) Business Administration P Czech Valašské Meziříčí 3 Choice-compulsory type B study plan
2024/2025 (B0411A050001) Accounting and Taxes UAD P Czech Valašské Meziříčí 3 Compulsory study plan
2024/2025 (B0411A050001) Accounting and Taxes UAD P Czech Ostrava 3 Compulsory study plan
2024/2025 (B0414A050001) Marketing (S01) Marketing Communication P Czech Ostrava 3 Choice-compulsory type B study plan
2023/2024 (B0411A050001) Accounting and Taxes UAD P Czech Ostrava 3 Compulsory study plan
2023/2024 (B0411A050001) Accounting and Taxes UAD P Czech Valašské Meziříčí 3 Compulsory study plan
2023/2024 (B0413A050012) Economics and Management (S02) Business Administration P Czech Valašské Meziříčí 3 Choice-compulsory type B study plan
2022/2023 (B0411A050001) Accounting and Taxes UAD P Czech Ostrava 3 Compulsory study plan
2022/2023 (B0411A050001) Accounting and Taxes UAD P Czech Valašské Meziříčí 3 Compulsory study plan
2022/2023 (B0413A050012) Economics and Management (S02) Business Administration P Czech Valašské Meziříčí 3 Choice-compulsory type B study plan
2021/2022 (B0411A050001) Accounting and Taxes UAD P Czech Valašské Meziříčí 3 Compulsory study plan
2021/2022 (B0411A050001) Accounting and Taxes UAD P Czech Ostrava 3 Compulsory study plan
2020/2021 (B0411A050001) Accounting and Taxes UAD P Czech Ostrava 3 Compulsory study plan
2020/2021 (B0411A050001) Accounting and Taxes UAD P Czech Valašské Meziříčí 3 Compulsory study plan
2019/2020 (B0411A050001) Accounting and Taxes UAD P Czech Ostrava 3 Compulsory study plan

Occurrence in special blocks

Block nameAcademic yearForm of studyStudy language YearWSType of blockBlock owner

Assessment of instruction



2023/2024 Winter
2022/2023 Winter
2021/2022 Winter