Payroll and Its Risks for a Company

Many companies view payroll as part of the accounting function, although in reality it is a distinct activity based on a different legal framework, serving different objectives and involving different types of risks. In smaller companies, payroll often encompasses HR and employment-law responsibilities as well. However, the most important difference between accounting and payroll is that while accounting errors typically result in administrative issues that can be corrected relatively easily, payroll mistakes can fundamentally undermine employee trust—the very foundation of a company's operations.

Digitalization in Accounting

Electronic invoicing, e-receipts, online cash registers, online banking, automated data processing, and automated risk management at the tax authority (NAV): in recent years, accountants and tax advisors have had to keep up with rapid changes. Accounting today is no longer mainly about mailing paper documents and manually entering data, but rather about data-driven, digital processes. But what does this mean from a business perspective?

Differences Between Accounting Under Hungarian GAAP and IFRS

At subsidiaries of foreign-owned corporate groups operating in Hungary, the question often arises whether accounting should be performed under the Hungarian Accounting Act or under IFRS.

What challenges do the Hungarian subsidiaries of international corporate groups face in accounting?

The accounting of Hungarian subsidiaries belonging to international corporate groups is more complex than that of purely domestic companies, as they must comply not only with Hungarian regulations but also with group expectations and international accounting standards.

Is there a viable way to tax large fortunes? Is it beneficial for the economy?

Over the past four decades, the total stock of wealth in developed countries has risen to more than six times national income (up from around three times), and wealth distribution has also become highly unequal. Nevertheless, most countries do not apply a general and direct wealth tax, even though it could help address the growing difficulty of financing the public sector worldwide.

Here is a practical method for comparing the value of different jobs

 Although the transposition of the EU Pay Transparency Directive into Hungarian law was not completed by the June 7, 2026 deadline, the issue remains on the agenda, and the process is expected to be finalized by the end of the year. The domestic regulation will most likely be similar to the provisions of the EU directive, so businesses can begin reviewing and reshaping their pay systems. Familiarizing themselves with the case law of the Court of Justice of the European Union and national courts can support this preparation.