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    • Grant Thornton in Hungary

          • The key to success is a partner with comprehensive knowledge and many years of experience. Our ambition is to serve dynamic organizations and we understand ourselves as specialists for the Central European region.

            Being a member firm of Grant Thornton enables us to represent the interests of our clients even outside of Central Europe. We think that the key to success is to have partners with comprehensive knowledge and many years of experience.

            Our consultants are specialists for the Central European region and our firm has strong links with Grant Thornton member firms in the region.

            Over the past years, Grant Thornton has built a strong position on the Hungarian market as a provider accounting, payroll, valuation and Corporate Finance services.

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    • References
    • Audit & Assurance

          • Audit & Assurance

            • Mandatory audits and voluntary audits of single-entity and consolidated financial statements
            • Obligatory and voluntary audits of annual financial statements and group financial statements
            • Audits of foundations
            • Due diligence audits
            • Audits pursuant to capital market law (listing prospectuses and investment fund annual reports)
            • High Level Reviews
            • Agreed upon procedures
            • Special audits (company transformations, mergers, special audits according to stock corporation law, etc.)
            • Accounting audits and management audits, especially as auditors of associations
            • Audits for fraud detection
    • Tax consultancy
    • Tax compliance
    • Accounting

          • Accounting

            • Journal entry of ongoing business transactions and computer-based record-keeping
            • Compilation of regular analysis reports and information on business development
            • Preparation of single-entity financial statements, notes to financial statements and drafting assistance for the report of the management board
            • Preparation of tax returns
            • Notifications to the Companies Register and other public authorities
    • Payroll

          • Payroll

            • Full-scale payroll services, calculation of salaries, taxes and contributions to be paid
            • Management of payroll reports, online sending of pay slips to employees, with password protection
            • Preparation and filing of data disclosures, returns and notifications to the authorities
            • Administration of new and leaving employees
            • Monitoring and administration of leaves and other absences
            • Preparation of employer’s certificates, tax certificates
            • Administration of terminations of employment, resignations, dismissals
            • Salary payments by bank transfer
            • Completion of tax and social security transfer orders
            • Social security benefit claims and administration
            • Performance of social security paying agent duties
            • Representation before the authorities in case of audits
            • Preparing reports
            • Payroll and employment administration advisory service
    • Strategic consultancy

          • SPECIAL AREAS OF EXPERTISE

            • Corporate governance by owner model
            • Succession management, generational change
            • CEO consulting
            • Creation of corporate strategy
            • Developing effective, collaborative, visible management
            • Development of sales organisations
            • Business mentoring for middle and senior managers
            • Interim management
            • Consultancy in case of planned outsourcing
            • Subsidies related to company formation
            • Business plans and feasibility studies
            • Consultancy and support prior to negotiations with banks
    • Transaction advisory service

          • Corporate Finance

            • Mergers, acquistions (sale side and purchase side Consulting)
            • Organization of tenders
            • Set up transaction structures
            • Due diligence
            • Project, debt and equity financing
            • Valuation services
            • Public and private capital market transactions (ECM, DCM)
    • Labour administration & HR services

          • Labour Administration

            • Payroll preparation administration: support for the payroll accounting activities, pre-processing of lost working time, vacation days, absences due to illness. Collecting the input data for and preparing them for payroll accounting.
            • Tasks arising in connection with working time banking system, monitoring the issuance of rest periods and ensuring compliance with the rules of maximum working time.
            • Preparing, updating and modifying of HR personnel materials. Drawing up the documentation necessary for terminations of employment.
            • If required, labour registration tasks, requesting social security and tax identification numbers.
            • Conducting internal audits at regular intervals, making recommendations for eliminating any deficiencies identified.

          • HR contact representation:

            • Maintaining contact with employees via the designated channel of communication, to answer everyday questions.
            • Designation of a liaison person between internal financial departments and payroll accounting.
            • Providing opinions with respect to dubious situations, being continuously available for consultation in HR-related questions.

          • HR Consultancy:

            • Development of HR processes, structural systematisation, overview and due diligence of positions and work organisation, organisational development consultancy.
            • Establishing compensation systems, with the examination of tax and expense consequences, as well as internal policies Creating cafeteria and grade systems.
            • Labour market consultancy, supporting recruitment and selection, from the identification of labour demand needs to implementing the onboarding process.
            • Surveying the needs for, as well as creating internal policies contributing to more efficient operations.
    • Valuation

          • Financial Valuations:

            • Company valuation
            • Valuation of intangible assets (know-how, brand name, licence, technology, software, etc.)
            • Business planning
            • Market modelling
            • Capitalization rate structuring
            • Purchase price allocation
            • Impairment testing (IFRS, US GAAP)
            • AMADEUS database research and benchmark studies for transfer pricing

          • Fixed Asset Valuation:

            • Real estate valuation
            • Machinery and equipment valuation
            • Collateral valuation
            • Independent technical advisory
            • Feasibility studies
            • Technical due diligence
            • Valuation for insurance purposes
            • Remaining life estimation
    • Controlling and management reporting

          • Controlling

            • Interim financial management
            • Reviewing of financial systems and processes
            • Design, implementation and operation of controlling and reporting systems
            • Management of the introduction of business intelligence (BI) and enterprise resource planning (ERP) systems
    • Accounting and Tax automation
    • Transfer Pricing Advisory

          • Transfer Pricing Advisory

            • Transfer pricing advisory
            • Preparation of transfer pricing documentation
    • Whistleblowing

          • Whistleblowing

    • NIS2 consultancy
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  • Insights
  • Glossary
    • Build your career at Grant Thornton

          • Build your career at Grant Thornton

            As a dynamic and growth-oriented company, we offer excellent career opportunities in an international environment.

            We welcome applications by both career-starter and experienced candidates in the following areas: tax consultancy, auditing, accounting and payroll, corporate consultancy, corporate finance and asset valuation.

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Glossary NIS2 critical sectors

NIS2 critical sectors

Which companies are subject to NIS2?

The NIS2 rules apply to state and public administration bodies, as well as large and medium-sized private companies, as defined in detail in the law.

Sectors of high criticality

  • Electricity
  • District heating and cooling
  • Establishment and operation of hydrocarbon (petroleum) transmission pipelines
  • Operation of petroleum processing or storage facility
  • Stockholding of imported petroleum and petroleum products
  • Natural gas marketing
  • Hydrogen production, storage and transport
  • Air transport
  • Rail transport
  • Water transport
  • Operation of road transport system
  • Public transport
  • Healthcare service
  • Operation of high security biological laboratories
  • Managing healthcare reserves and blood supplies
  • Research and development of pharmaceuticals
  • Manufacturing of basic pharmaceutical products and pharmaceutical preparations
  • Wholesale distribution of pharmaceuticals
  • Manufacturing medical devices of critical importance
  • Wholesale distribution of medicinal products for human use
  • Water utility services
  • Communications services
  • Digital infrastructure service (cloud, domain, DNS)
  • Outsourced ICT services
  • Space-based services

Other critical sectors

  • Postal and courier services
  • Production, processing and distribution of food
  • Waste management
  • Manufacture, production and distribution of chemicals
  • Manufacture of medical devices and in vitro diagnostic medical devices
  • Manufacture of computer, electronic and optical products
  • Manufacture of electrical equipment (Sector 28 in Regulation (EEC) No 3037/90)
  • Manufacture of motor vehicles, trailers and semi-trailers
  • Manufacture of machinery and equipment not elsewhere classified
  • Manufacture of other transport equipment
  • Manufacture of cement, lime and plaster
  • Online marketplace service
  • Digital search service
  • Provision of social media service platform
  • Domain name registration service
  • Research site

Related Services

NIS2 consultancy

The NIS2 rules apply to state and public administration bodies, as well as large and medium-sized private companies, as defined in detail in the law.

NIS2 GAP analysis

Comprehensive analysis and action plan to prepare to comply with the requirements.

NIS2 pre-audit

NIS2 internal audits are always conducted by a support team within the company.

NIS2 mentoring

NIS2 mentoring is designed to support the responsible managers’ professional preparedness and effectiveness.

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