10 Countries 1 Company 2011 - TPA Horwath

10 Countries. 1 Company.
Austria | Bulgaria | Croatia | Czech Republic | Hungary | Poland | Romania | Serbia | Slovakia | Slovenia
Member of Crowe Horwath International (Zurich, Switzerland) Ý an association of separate and independent chartered accountants and consultants.

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Willkommen bei TPA Horwath
Добре дошли в TPA Horwath
Dobrodošli u TPA Horwath
Welcome to TPA Horwath
Info-Service
Horwath
th
9103
Witajcie w TPA Horwath
TPA Horwath
Wirtschaftstreuhand und Steuerberatung GmbH
Praterstrasse 62-64
1020 Vienna
Bine aţi venit la TPA Horwath
Vitajte v TPA Horwath
Tel.: +43 1 588 35-0
Fax: +43 1 588 35-500
E-Mail: service@tpa-horwath.com
Pozdravljeni pri TPA Horwath
www.tpa-horwath.com
Vítejte v TPA Horwath
FN 200423s HG Wien, 1063642, ATU 50089103
rwath-nál Üdvözöljük a TPA Horwath-nál
th International. Crowe TPA Horwath International is a member is of a Crowe global Horwath International. Crowe Horwath International is a global
ctices of public accountants, association auditors of independent and tax consultants. professional practices of public accountants, auditors and tax consultants.
[ 2 4 ] www.tpa-horvath.hr
www.tpa-horwath.hr
Höhe = 302 mm

About us ............................................................................... 5
Our approach ....................................................................... 6
Tax consulting ...................................................................... 7
International tax consulting .................................................. 8
Auditing ................................................................................ 9
Audit-related consultancy .................................................... 9
Management consulting ....................................................... 10
Corporate finance consulting (CFC) ..................................... 10
Accounting and payroll ........................................................ 11
Regulatory services .............................................................. 12
Special competences ........................................................... 13
Human Resources consulting ............................................... 14
Property management .......................................................... 14
www.tpa-horvath.hr www.tpa-horwath.hr [ 5 3 ]

We turn great perspectives
into concrete results.
[ 4 ] www.tpa-horvath.hr
www.tpa-horwath.hr

About us. TPA Horwath.
TPA Horwath is a dynamic and international consulting company of expert tax advisors, auditors
and management consultants. We provide high-quality professional services to corporations,
small and medium-sized enterprises (SMEs), associations, foundations and individuals.
Closeness to the client
Closeness to our clients is our particular concern,
and our policy is to locate our offices strictly
where they will be of greatest benefit to the people
and organisations we serve. Top quality services,
constantly updated expertise and a special
understanding of the client’s individual position and
requirements are the distinguishing characteristics of
our work.
10 Countries. 1 Company.
We have been supporting our clients in their
expansion into the new markets of Central and
Eastern Europe for more than 20 years. With offices
in Austria, Bulgaria, Croatia, the Czech Republic,
Hungary, Poland, Romania, Serbia, Slovakia and
Slovenia, the partnership provides its clients with
on-the-spot advice. German and English-speaking
partners and staff at all our CEE locations are a
distinct advantage-counselling without language
barriers.
Global network
We are a member of Crowe Horwath International
(CHI), a global association of independent,
professional practices of public accountants, auditors
and consultants.
With more than 140 member firms, CHI is among the
10 largest consultancy networks in the world.
As a result, we provide high-quality professional
services in all major business cities and regions
around the world.
Our portfolio includes an extensive
range of services:
National tax consultancy
International tax consultancy
Auditing
Management consulting
Corporate finance consulting / M&A
Accounting and payroll services
Regulatory services
Specialised advisory services
HR consulting
Property management
EU-funds consulting
Secretarial services
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Our approach. Being a consultant means being a partner.
Advisors as partners
We are a progressive service business. We see
ourselves as working in partnership with our clients
and consider ourselves responsible for delivering
quality and success. We not only develop pragmatic
solutions but also support our clients during their
implementation.
We collaborate with legislators, major interest groups,
and institutions of higher learning to keep ourselves
always one step ahead, yielding an advantage that we
use to our clients’ benefit.
Local and global
As members of one of the leading international
consultancy networks, we are able to offer
comprehensive international know-how.
Generalist and specialists –
offering optimal service to every client
At TPA Horwath, it‘s teamwork that counts:
Generalists working with specialists - and vice
versa - means that you can rely on us to solve even
your widest-ranging issues. We offer tax advice,
auditing services, management consulting, regulatory
advice and corporate finance consulting. Our staff
are recognized experts in real property, company
structuring and restructuring, social insurance,
pensions and succession planning. Bookkeeping,
preparing the financial statements, payroll and IT
consultancy complete our portfolio so that we offer an
all-round service to each client.
It‘s not the size, but the issue, that counts
Our clients are constantly facing up to new challenges.
They value the personal attention and continuity of
working with their local advisors, and they are careful
about whom they choose. Our clients set great store
by creativity, depth of know-how and comprehensive
service. As professionals themselves, they expect
from their advisors reliable, speedy and professional
solutions.
At TPA Horwath, our clients find advisors who
understand their needs.
Success and growth –
the basis for developing our people
Our success, our continuous growth and the attention
we give to the welfare of our firm create the basis
for optimal professional development. We, the
team at TPA Horwath, take continuous professional
development seriously and stretch ourselves for
the benefit of our clients. We demonstrate our
commitment every day. Understanding our clients and
satisfying their needs are our highest priorities.
We know that the foundations of our success lie in our
highly qualified and motivated people. We work as a
team, helping each other to take responsibility and to
deliver world class service.
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www.tpa-horwath.hr

Tax consulting. Strength through specialisation.
TPA Horwath is one of the leading CEE companies of public accountants specialising in tax.
Specialisation is what makes us strong, because high quality tax advice requires detailed
knowledge of the relevant legal principles, analytical insight and an overall grasp of the situation
and the client’s particular circumstances. And that is what TPA Horwath provides.
TPA Horwath’s experts not only know the statutory
provisions, they are consulted by the tax authorities,
and provide detailed input when new regulations are
drafted. They are thus well placed to identify changing
circumstances and new tax options at an early stage,
and can put them to use for our clients’ benefit. In
tax matters, clients and public institutions rely on the
knowledge and expertise of TPA Horwath.
TPA Horwath’s tax consultancy services include
the following major focuses:
Tax planning and design
Tax management and accounting
Tax representation
Advice on income tax on wages and salaries, on
social insurance and pensions
Tax planning and design
In tax planning and design we focus on the
formation, acquisition and disposal of businesses,
business restructuring and reorganisation, business
successions and transfers, business valuations and
domestic and foreign foundations. In all these areas,
TPA Horwath can draw on a wealth of knowledge,
skills and experience to assemble the appropriate
package of services for each individual client.
Tax management and accounting
To manage one’s tax affairs to best advantage and
thus to benefit from so far undiscovered opportunities,
one needs expert technical advice. TPA Horwath
assumes complete responsibility for implementation,
and attaches great weight to consultation with the
client prior to preparation of the tax return. This
enables us to identify opportunities in good time.
Appropriate and reliable accounting systems are
the backbone of every successful enterprise: easy
to-understand bookkeeping and accounts, qualified
payroll expertise, cost and management accounting
and all the other ancillary activities can be placed in
the competent hands of TPA Horwath. The support our
team provides goes far beyond the usual services, and
includes analysis and review of standard procedures
and processes with the aim of identifying scope for
improvements in effectiveness and efficiency.
Tax representation
Audits by tax authorities can be a serious burden on
businesses. We give our full attention to representing
our clients’ interests, and ensure that procedural
requirements are complied with in the most
advantageous way.
Advice on income tax on wages and salaries,
social insurance, and pensions
With constant changes in laws and regulations, it
is important to have professional advisers who are
always up-to-date and already know what options will
become available in the future.
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International tax consulting. The experts on the spot.
TPA Horwath is one of the leading tax consultancies in Central and Eastern Europe. With our
experienced specialists on the spot, we can provide comprehensive advice — in German and
English. As a member of the Crowe Horwath International’s worldwide network, we provide
high level advice to global enterprises.
With offices in Austria, Bulgaria, Croatia, the Czech
Republic, Hungary, Poland, Romania, Serbia, Slovakia
and Slovenia, TPA Horwath offers investors advice
and counselling across national boundaries. Our staff
on the spot are internationally trained and eager to
help: we can provide clients with the best possible
support in their transnational activities, on the basis
of our detailed knowledge of the latest regulations.
The comprehensive portfolio of services at our clients’
disposal includes tax consultancy, accounting and tax
counselling.
Success based on specialist skills
Our accumulated years of experience mean that TPA
Horwath has specialist expertise to offer in:
International tax planning
Tax optimisation of real estate transactions
VAT advice in international contexts
Comprehensive practical advice on transfer pricing
Advice for high net worth individuals
Optimisation of employee secondment with respect
to tax and social security
TPA Horwath’s participation in working groups and
the committees of professional bodies in each
country, combined with its excellent contacts with
local tax authorities, ensure that it receives timely
and comprehensive information about forthcoming
changes in the legal position.
The members of Crowe Horwath International are
accustomed to cooperating both regionally and
around the world, so that knowledge and experience
available internationally can be swiftly and efficiently
deployed in support of our clients.
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Auditing. Maximising added value.
Our goal as auditors goes far beyond ensuring that annual financial statements are in
compliance with legal requirements. We want every audit to result in added value for our clients
— in the form of recommendations for improving business processes and internal control and
management information systems.
With our offices in Central and Eastern Europe
and Crowe Horwath International’s membership,
we can offer our clients audits in compliance with
International Standards on Auditing (ISA).
Comprehensive portfolio
We offer our clients the following services:
Statutory and non-statutory audits of annual
financial statements
Audits of consolidated annual financial statements,
including statements prepared in accordance with
IFRS or US GAAP
Audits of banks, securities firms and investment
services providers
Audits of foundations
Public sector audits
Audits in connection with reorganisations
Prospectus and takeover audits
Efficiency and management audits
Due diligence reviews
Audits of internal control systems
Business valuations
EU funds audits
Charities audits
Audits of associations and non-profit organisations
Audit-related consultancy. Preparedness, not revision.
High-end consultancy has always been TPA Horwath’s core competence. We help to prepare
enterprises to meet the auditors’ requirements.
TPA Horwath offers audit-related services for clients
that are required to undergo audits, or are about
to become so. The purpose of the services is to
ensure that the auditing process is cost effective and
efficient.
Training for the audit
We help clients get fit for the auditors, so that they
are prepared and ready for their annual financial
statements to be audited.
The services include:
Basic advice on the organisation of accounting
systems
Preparation of client-specific accounting manuals
Preparation for internal control reviews
Assistance in the design and implementation of risk
management systems
Conversion to accounting in accordance with IFRS,
HGB or US GAAP
Preparation for management audits
Support in the introduction of corporate guidelines
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Management consulting. All inclusive.
It is only a step from accounting and tax issues to management consulting, where our yardsticks
are measurable benefits to the client and transparency of the support process.
Our management consulting services include:
Outsourcing financial management and accounting
Design, conversion and extension of accounting
systems
Outsourcing management accounting and reporting
Assistance in the design and implementation of risk
management systems
Design, adaptation and extension of internal control
systems
Turnaround consulting and restructuring
Advice on grants and subsidies
Financing consulting
Basel II rating advice
Project management
Feasibility studies
Company formation consulting
Preparation of business plans
Hospitality industry consulting
Corporate finance consulting (CFC). Support brings strength.
The TPA Horwath CFC Team provides clients with individually tailored advice and support in
strategic decision-making. In addition to many years’ experience in old industries, we have
specialised expertise in industries of the future, in biotechnology, information technology,
alternative energy, telecommunications and software. Our in-depth industry knowledge and our
standing in the capital markets ensure the best possible solutions to your financing requirements.
We help you develop acquisition and divestment
strategies and prepare appropriate documentation to
meet investors’ requirements. We provide assistance
in valuation, negotiations, determining prices and
drafting appropriate agreements. Clearly defined
strategies, exhaustive analysis and goal-oriented
negotiations are fundamental.
Our services focus on three main areas:
Sales of businesses / introduction of equity partners
Business expansions and acquisitions
Advice on mezzanine finance and debt finance
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Accounting and payroll. The holistic understanding and
the eye for details.
TPA Horwath’s Accounting Department provides companies with all the services they need to
successfully monitor and manage business operations and fulfill all legal reporting obligations.
Our Accounting Department adjusts to meet the specific needs and requirements of each
client. By doing so we ensure legal obligations are met and companies are able to monitor their
business activities.
Accounting services
Keeping business records: day-books, general
ledgers, cash books, accounts payable and accounts
receivable books, and control books
Keeping of records: durable assets, purchase
ledgers, sales ledgers, analysis of workers’ pay/
wages, analysis of location of costs and other
records
Creation of accounting policies
Reporting in accordance with legal regulations
Compulsory financial and tax reports: monthly and
annual VAT tax return, annual profit tax return,
statement of accounts, profit and loss accounts
Statistical reports: quarterly and annual statistical
reports for companies, non-profit organizations and
financial institutions, as well as statistical reports
prescribed for particular business industries
Other reports required by law: reporting of
international capital investments, reporting of
international loans, INOK reports, other reports
which are required to be submitted to the Croatian
national bank, and other reports which are required
by competent authorities for particular business
sectors
Group reporting
Design of group reporting packages in accordance
with Group policies
Elaboration of financial reports in accordance with
International Financial Reporting Standards (IFRS)
and/or Croatian Financial Reporting Standards
(HSFI)
Monthly, quarterly and annual financial reporting
at the request of management and including data
on revenue and expense movements, cash flow
changes, and capital changes
Budget design
Accounting controls
Review and analysis of accounting records in
accordance with company accounting policies
and international and Croatian Financial Reporting
Standards
Control of tax records and timely payment of tax
liabilities
Payroll accounting and human resource records
Administrative services which include worker
registration and cancellation of registration, and
keeping long-term human resource documentation
Payroll calculation services, printout and preparation
of payment orders
Creation of all legally required monthly and
annual reports to be delivered to financial and tax
authorities and employees
Administrative and other services
Support in performing various administrative
tasks such as preparing bank orders, inspecting
preparations of outgoing accounts, client contacts
and coordinating claims and liabilities
Support in reviewing financial reports as well as in
tax, foreign exchange and other inspections
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Regulatory services.
Keep to the rules and make them work for you.
TPA Horwath and its partners offer regulatory services regarding corporate business, real-estate
transactions, all aspects of employment and mandatory contributions, and support in various
projects and joint business ventures, providing assistance in every step of establishing a
company and its activities.
The support we are able to provide due to our
experience in corporate mergers, the acquisition/
sale of entire or parts of enterprises, and real estate
transactions includes preliminary analyses, due
diligence, and the identification of business operations
and objectives, as well as preparing transaction
documents and conducting negotiations in regards to
them.
We can identify and understand the needs of our
clients, particularly in the following areas:
Corporate affairs
Real estate acquisition support
Due diligence reports
Mergers and acquisitions
Banking and financial business
Market competition
Concessions
Public procurement
Insurance
Employment
Telecommunications
Intellectual property
Licences
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Special competences. Over and above the standard.
People and organisations develop differently, and often need advice and support in dealing
with unusual challenges. TPA Horwath offers a range of special services — from real estate
and alternative energy project consulting to actuarial advice, from insolvency and turnaround
services to advice on EU grants procedures.
Real estate and alternative energy project
consulting
TPA Horwath has made real estate and alternative
energy project a speciality: the breadth and depth of
our competence in this fields is acknowledged.
Services include:
Tax optimisation of investment and financing
decisions
Tax-optimal construction of property transactions
Planning and design of owner/developer schemes
and retirement property schemes
Advising open and closed property funds
Advising on cross-border real estate investments
Consulting in connection with due diligence reviews
IFRS financial statements, with particular reference
to property valuation
TPA Horwath advises international property funds,
both closed and open, on their real estate investment
and institutional investors on property investments
in Croatia, Austria, Bulgaria, the Czech Republic,
Hungary, Poland, Romania, Serbia, Slovakia and
Slovenia and other CEE countries.
Alternative energy consulting
During the last decade, the future potential of
renewable energy in Central and Eastern Europe
has been rapidly increasing. For its clients, TPA
Horwath offers comprehensive consulting in relation
to development and implementation of renewable
energy projects. We provide support in alternative
energy assessment, technology selection, energy
effectiveness review and utilization of renewable
energy resources.
Restructuring and insolvency consulting
In crisis situations businesses need dedicated,
professional and practical advice. The TPA Horwath
team provides an extensive range of planning and
review services in connection with going concern
reviews and budgets, together with consulting on
restructuring, reorganisation and going concern
strategies.
For restructurings and insolvencies, we provide help
with accounting and payroll functions, and assistance
in preparing annual financial statements. We also
prepare insolvency information and analysis, together
with expert opinions and in connection with appeals,
directors’ and officers’ liability, etc.
EU grants and subsidies consulting, studies and
analysis
TPA Horwath offers ministries, grant agencies, cities,
towns, communes and companies comprehensive
information and advice on setting up, managing and
reporting for EU grant programs and projects. We also
prepare studies and analysis for EU delegations and
the European Commission, as well as advice for trade
and other associations, high-tech enterprises and
other grant applicants from industry.
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Tax-Service
2009

Human Resources consulting. Choose the right team.
The hiring decision is one of the most important business decisions. As the right talent is critical
to the success, human resources management is one of the key elements and a strategic
function of each organization.
Our team of professionals is dedicated to
understanding client’s needs and finding the right
match between the position and the person.
An extensive range of our services includes:
Recruitment & selection process
Talent acquisition and management
HR audit and due dilligence
Evaluation of existing potentials
Psychological tests
Reward program development (bonus system)
Outsourcing
Property management. Better than the others.
TPA Horwath property management team provides commercial property management services
to investors, property companies, developers, the public sector and occupiers.
Professionalism, high service and integrity are
the cornerstones upon which TPA Horwath’s
property management services are built. As a part
of commitment to tenant and owner satisfaction,
our team goes beyond the day-to-day operations
to seek out innovative ways to help clients achieve
the optimum balance between operating costs and
service level.
We assume responsibility for all tenant relations, rent
collection, accounts receivable / payable, accounting,
as well as supervision of all on-site maintenance
activities
Our services ensure:
Increase of return on rental property by enabling
real time fees calculation based on indexes, cascade
prices or rent based on turnover
Efficient expense management solutions
Improved risk management through control of
contracted options and in time renewal of expired
documentation, guarantees and contracts
Incorporated controlling and reporting providing
transparent insight into the business
Improved decision making through tailor made
reporting
Maximized client/ tenant satisfaction
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www.tpa-horwath.hr

Success is a matter
of setting the
right goals.
And having the
right partner.

www.tpa-horwath.hr
TPA Horwath d.o.o.
HR-10 000 Zagreb
Grand Centar, Ulica Petra Hektorovića 2
Tel. +385 1 48 82 555
Fax +385 1 48 22 220
E-mail: tpa-horwath@tpa-horwath.hr