Financial management: from problem to solution
For many business owners, financial management can be a challenge, often worsening during tax and other reporting season. This problem can arise from a lack of time, resources, or expertise to focus more on your company’s finances throughout the year. However, the truth is that business owners need effective financial management for more […]
Compensation Funds (FCT and FGCT)
On the 15th of December 2023, Decree-Law No. 115/2023 was published, amending the legal regimes of the Work Compensation Fund (FCT) and the Work Compensation Guarantee Fund (FGCT). FCT: In accordance with the established legal amendments, the FCT becomes a closed fund, constituted by the overall balance in the employer’s account (the […]
Dissolution, Liquidation and Asset Sharing
Recently, there has been a significant increase in the number of Portuguese companies initiating dissolution and liquidation processes. This trend is the result of several cyclical and structural factors, such as increased operating costs, economic instability, difficulties in accessing financing, reduced domestic demand, and the shortage of skilled labor, especially in the commercial, industrial, and […]
Daily Allowances – Limits and Current Taxation
Per diems are a compensation mechanism for the Employer to cover expenses incurred by employees on behalf of the Company. These employees may benefit from exemption from personal income tax (IRS) and social security contributions, if they are within the legally established limits. These limits are set annually. While in the public sector, […]