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Evaluation of the Activities of a Public Benefit Taxpayer During the Covid-19 Pandemic in terms of Corporate Income Tax
FLANDEROVÁ, Klára
This diploma thesis deals with the activities of a public benefit taxpayer during the world pandemic Covid-19 in terms of corporate income tax. At the same time, it addresses hypothetical activities and their impact on income tax. The selected subject is a non-profit organization of secondary and secondary schools. This organization provided its financial statements as the main source of information for the processing of diploma theses. The work is divided into two parts. The first part deals with the determination of corporate income tax and the public benefit taxpayer. The practical part compares a year with a world pandemic with a year without a pandemic. Furthermore, the impact on tax is monitored if there is a change in the accounting methodology, or the ancillary activities of the contributory organization are completely stopped, or, conversely, the change in tax is monitored if the selected entity starts another new profitable activity, which would be the provision of confectionery courses. The conclusion of the work is an evaluation of the taxpayer's activities and recommendations are given in accordance with the theoretical part of the selected organization. In particular, it concerns the more careful elaboration of internal guidelines on the allocation of overheads. A comparison of the year affected by the Covid-19 pandemic and the year without government restrictions showed that there was no significant change in terms of corporate income tax.
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The Project of Income and Expense Amendment at a Contributory Organization
Novotná, Martina ; Štáfek, Pavel (advisor) ; Pavlína, Pavlína (referee)
This dissertation is aimed at the income and expense amendment at a contributory organization in Hradec Králové region.
In the theoretical part there are basic facts about contributory organizations, the founder, the foundation document, the dividing into main and by work or their budget. Following by the characterization of the incomes and selected expenses which can be often found
in a contributory organization accountancy. The last part brings a closer view
of conducting of accountancy in the selected accounting units including accounting documentary evidence and financial analysis. The last chapter shows theoretical possibilities of income and expense amendment at a contributory organization.
At the beginning of the working part there is shown the certain contributory organization Gymnázium Broumov (grammar school Broumov) following by the detailed analysis of its profits and selected costs. This part also describes the economization of the school individual funds and then the way of conducting of accountancy in this contributory organization. Other chapters of this dissertation pay attention to the financial analysis
of economization and factual project of income and expense amendment at the grammar school.
In the chapter 4.7 you can find the possibilities of the incomes increase. It is conected with the taking advantage of appropriation projects given by the organizer, the Ministry of Education or the EU, the closure of new agreements for lease of school not flat space or establishing of complementary educational activities. The expenses can be amended by lowering the power consumption thanks to the project EPC or using central purchase of power and some services within the framework of the HK region. The saving can be reached by correct utilization of substitute quota with the purchase of products and services or by optimum drawing of wage means.
The conclusion contains the evaluation of the amendment results. Thanks to the amendment the incomes are risen up to 750,000 Czech crowns more than 80% of it are the incomes from appropriation projects. It brings to school better study conditions for students, possibilities of further education for teachers or getting new teaching aids. The incomes from the lease of school not flat space have to be, according to the foundation document, used for repairs and maintenance of the school building at the same calendar year. The establishing of complementary educational activities is more both administratively and organizationaly demanding than possibilities of income amendment so it might be set up in Sept.2017. The Grammar School Broumov can get up to 300,000 Czech crowns a year thanks to the expense amendment. The saving made by lowering total power, service and material expenses can be used without any restrictions for example for purchase of new modern technology, interactive boards or for school environment innovation. The grammar school management can use the saving made by optimum drawing of wage means as a motivation for the teachers via bonuses or personal extra pays.
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