Company profile

Our office pays special attention to make your bookkeeping as secure as possible. We save the client’s data to our server and mirror server as well. Counting House provides contactless services to our customers. We can save time and money for you.

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Introduction

About us

We, at Counting House provide full scale of accounting, payroll, and tax consultancy services for our Clients in Hungarian and English languages. Primarily, we serve small and medium size companies who has foreign owners, and the usage of English is expected.

If you are looking for an English speaker accountant in Hungary, Budapest, who supports your business, you are at the best place. All our colleagues are highly qualified and experienced professionals, fluent English speakers, certified accountants, payroll specialists, tax consultants and HR advisors.

We have more than 20 years of professional experience in the Hungarian accounting and taxation environment, which we gained in multinational, corporate and SME sector. We are now utilizing this accumulated knowledge and experience for the benefit of our Clients, thus relieving the burden of administration and the uncertainty associated with accounting and taxation. Therefore, our Clients can focus on developing their business with all their force because their companies’ accounts are in the best hands at Counting House.

Introduction of our team

Timea Kocsis

Founder, Economist, Accountant, Business Advisor

Founder and management team

Timea Kocsis

Founder, Economist, Accountant, Business Advisor

I have started my career at the largest multinational companies operating in the oil industry and in the field of auditing and tax consulting. I worked on ERP system implementation, audits, accounting and indirect taxation departments, projects, which had a colorful palette from production companies, through banks, to the service sector.

Thereafter, I navigated to the SME sector, where I gained significant accounting experience in Hungarian and foreign-owned cultures enjoying diverse national diversity. So, based on my almost 20 years of professional experience, I decided to start my own business, which I run together with my colleagues and now we are using the experience we have gained and the accumulated knowledge for the benefit of our own clients.

Tünde Téglás 

Economist, Payroll Specialist, HR Advisor

The first stages of my professional career were at the largest multinational pharmaceutical and vaccine manufacturing companies, where I gained my experience as a payroll and HR consultant. From the recruitment of the workforce, through the insertion and entry, I worked in all areas related to HR, which is one of the most important functions of a large company, as the success of the company depends on people who are working there, so it is important to build and operate adequate HR processes.

This is an important function not only for the multinational companies, but also for the SME sector. So, I decided to move to the SME sector to strengthen the Counting House team, helping our Clients build-up their own HR processes, operate their employment admin systems, and the connecting payroll management and tax administration issues. All of our team members are certified accountants, tax consultants, who are at full disposal of our Clients as your dedicated English speaking accountant and consultants.

Services

ACCOUNTING & TAX COLSULTANCY & COMPANY FORMATION

1. Accounting and reporting services

We provide full scale of accounting services for our customers, which is not limited to keep records of invoices, we also provide management reporting services based on the demand of our Clients, which are beyond the balance sheet and profit & loss statement according to the Hungarian Act. If you need special management reports, please let us know and we are happy to prepare and present you monthly or quarterly basis, as per your request.

Bookkeeping is one of the most important processes in the life of your company, thus you have to have a Hungarian accounting expert from the date of incorporation who is specialized in the Hungarian standards, laws, regulations and keeps the reporting deadlines and doing taxation tasks on behalf of the company towards to the Hungarian Tax Authority.

The initial declarations have to be made to the authorities within 15 days after the establishment of the company. Thereafter the VAT returns, and payroll tax returns must be submitted monthly basis. Therefore, it is very important to ensure the legal compliance of the Hungarian company from the very beginning. If you do not have Hungarian accountant or fail to meet any deadlines, penalty can be expected very soon from the Hungarian Tax Authority.

Our prices, Accounting fees

Our monthly accounting fee is determined based on the scope of the client’s activities and the amount of accounting materials to be processed each month. Some activities have higher risk and more thorough preparation and processing of more data. So, this is also taken into account when calculating the monthly accounting fee.

The following are included in our accounting services:

Accounting packages

Upon your request we provide you with our special proposal within 1 business day. Ask for a quote today!

  • processed number of invoices 0-5 pc / month (incoming, outgoing)
  • processed number of bank statement items 0-5 / month
  • consulting time 15 minutes / month
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  • processed number of invoices 6-10 pc / month (incoming, outgoing)
  • processed number of bank statement items 6-15 pc / month
  • payroll for 1 head (included)
  • consulting time 15 minutes / month
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  • processed number of invoices 11-15 pc / month (incoming, outgoing)
  • processed number of bank statement items 16-20 pc / month
  • payroll for 1 head (included)
  • consulting time 15 minutes / month
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  • processed number of invoices 16-20 pc / month (incoming, outgoing)
  • processed number of bank statement items 20-25 pc / month
  • payroll for 1 head (included)
  • consulting time 15 minutes / month
Ask for a quote today!

2. Payroll and HR administration

If you are a personal contributor, managing director of your Hungarian business (i.e. you work for your own company) or have employees, you have a number of monthly tasks to do, what the team of  Counting House your English-speaking accountant can do on behalf of your company: collecting monthly attendance sheet, register absences and holidays in the payroll system, run monthly payroll, calculate taxes and contributions, preparing the list of net salaries and taxes to be paid, which will be made available to you in a timely manner.

Monthly salaries have to be accounted for and paid to the employees every month. Payroll related taxes must be paid to the Hungarian State and the monthly report about payroll taxes also must be sent to the Tax Authority in time. These tasks require accuracy, high expertise, and the ability for keeping deadlines. With us, the team of experts at Counting House take this burden off your shoulders with our payroll and HR administration services.
In addition to the above mentioned monthly regular tasks, we also perform administration for entering and leaving employees, all changes in the employment relationship must be reported to the Hungarian Tax Authority. The Counting House Team will carry out these tasks on behalf of your company in accordance with the currently effective regulations, and we will also issue employer certificates and tax certificates upon your employees’ request.

As part of our HR administration service, we prepare the employment contracts of your company in accordance with the applicable Hungarian Labor Code, and we assist in the establishment and operation of your personal and labor records, reducing the administrative burden on employment and eliminating the risks of incomplete knowledge of legislation.

3. Tax consultancy services

It often happens that a business has to deal with unusual and special accounting and tax issues. If you are planning to start a new business, add a new line of business or have an opportunity that you want to get around in every way before you start, please contact our consultants and we will be happy to help you with the answers of the complex tax questions in a clear way. We help you to find your way around the often changing and difficult-to-interpret Hungarian laws and regulations. Please feel free to contact us. We are here at your full disposal.

Within the framework of consulting, we also provide personal tax return services to your employees and the managing director, according to your needs. If you have earned income from abroad or from several employers on different items (salaries, dividends, capital gains, movable and immovable property rental, income from capital market operations, interest, and royalty income, etc…), please contact our consultants, we will be happy to help you calculate the taxes.

4. Company formation and virtual office services

Company formation, company modification, virtual office with mail forwarding services

If you want to run a business in Hungary and need help setting up a company, we are at your full disposal. The favorable economic and tax environment provide an excellent business opportunity for investors who are planning to come to Hungary. We work with several law firms, which ensure the quick and smooth company formation, which can be done in person or online. We have been working closely with our Clients from the very beginning, keeping them well informed about the current situation. The incorporation of the company takes approximately 4-5 days after the submission of the legal papers by the Registry Court. A stable and skillful team is waiting for you. Ask for a quote today!

Why should you choose Hungary?

Company formation

Knowing the local regulations, the team of Counting House undertakes to establish Hungarian limited liability companies and domestic establishments for foreign investors and businessmen on the basis of Hungarian Company Law. With the help of our contracted lawyers and legal advisors, we can undertake comprehensive legal and accounting process management from the initial business idea through the legal, accounting and tax aspects of starting a new company. Managing our Clients with advice, ensuring the smoothest and most efficient administration.

In addition to founding a company, we also undertake the preparation of sales and purchase agreements, and special local authority permits related to real estate investments with the help of our contract law offices.

We will run the entire process so that you can start your activity in Hungary on the most efficient and easiest way. Ask for a quote today!

  • The following services included:

    • Company formation (personally or electronically)
    • Registration duties (to be paid to the Registry Court)
    • Local and EU VAT registration numbers
    • Helping to open bank accounts
    • Documentation in both English and Hungarian languages
    • Helping to request the HU Tax identification number for the managing director
Ask for a quote today!
  • The following services included:

    • Company formation (personally or electronically)
    • Registration duties (to be paid to the Registry Court)
    • Local and EU VAT registration numbers
    • Helping to open bank accounts
    • Documentation in both English and Hungarian languages
    • Helping to request the Tax identification number for the managing director
    • Helping with registering the client gate to the managing director
    • Registered address + mail forwarding services for 1 year
Ask for a quote today!

Company modification

Factors may arise in the course of doing business that require a company modification. We are at your full disposal in this as well. If there is a change in the ownership structure or the address of the registered office, the change can be announced with a company modification, what takes less time than the company formation process. Ask for a quote today!

  • The following services included:

    Assistance in any legal issues what needs to the company modification:

    • changing the registered address
    • registering the statutory auditor of the company
    • changing the owners of the company
    • changes in the person of managing director…etc.
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Virtual office and mail forwarding services

Registered office address is mandatory for all businesses in Hungary. Counting House provides a registered seat address for our Clients as long as their business does not require keeping a physical office. Our contracted partner is located in one of the most beautiful cities in Hungary, within Budapest on the Buda side. A registered office, also known as a virtual office, is a complex administrative service. This means we receive and open the incoming letters, thereafter, forward them to the Client with a short explanation (with a short English translation for our foreign Clients) if it is an official letter and requires action. Ask for a quote today!

  • The following services included:

    • Provided registered seat address in the center of Budapest
    • Mailing services by scanning all letters and sending to Client via email with a short English translation (in case of Hungarian letters) and provide instructions if any action required from Client side
Ask for a quote today!
  • The following services included:

    • Provided registered seat address in the center of Budapest
    • Mailing services by scanning all letters and sending to Client via email with a short English translation (in case of Hungarian letters) and provide instructions if any action required from Client side
    • Forwarding important letters and documents by regular post to a given Hungarian address provided by the Client, 3 times a year
    • Sending letters by international courier to the Client 2 times a year
    • Official stamp for the company (1 pc)
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