EDUCATIONAL SUBSIDY

The success of a venture consisting in managing, both public and private, educational facility such as a kindergarten or a school depends on many factors. These include: premises adapted to educational activity, cohesive team, competent specialists, appropriate manager, as well as correct handling of accounting, HR, and payroll.

Accounting, HR, and payroll services are especially important in clearance of educational subsidy allocated by local governments. Expenses qualified as made from the subsidy must meet certain criteria: they must be current expenditure or expenditure on educational needs. The subsidy may also cover remuneration for teachers and specialists. Also with this kind of cost, the facility must meet requirements of the public administration body.

We know that it may be a significant challenge to correctly classify the expenditures covered with the educational subsidy. This results not only from sometimes ambiguous regulations but also from their different interpretations made by local governments. That is why it is crucial to co-operate with a competent accounting team, which will navigate the owners and managers of educational facilities through meanders of subsidy clearance.

Our accounting office specializes in educational subsidy clearance. We offer comprehensive services to educational facilities, such as:

• keeping accounting books of companies with subsidy reporting,
• keeping revenue and expense journals depending on the taxation method with subsidy reporting,
• comprehensive HR and payroll services,
• on-going clearance of subsidy,
• providing necessary data to the Educational Information System,
• entering data to systems such as ODPN, Vulcan, or other systems of subsidy reporting,
• annual clearance of subsidy,
• preparing documents required for subsidy spending inspection,
• preparing and filing periodical and annual tax returns,
• preparing annual financial reports,
• contacting tax offices and public administration bodies.

If you would like us to assess your needs and customize our offer for you, just contact us.