Outsourcing

When a worker gets sick, the employer generally pays them sick pay or sickness benefit. Sick pay includes the first 33 days of illness in a given calendar year, with an exception of workers over 50, for whose sick pay includes the first 14 days of illness. The payment of sickness benefit starts from the 15th day of illness for the workers over 50 and from the 34th day for others.

An employment certificate is a document that almost every person actively working full-time has had to do with. Basically, it is a simple employment record form that the employer fills out to the best of his knowledge and gives to the employee after the end of the employment relationship. Although it is a prosaic and mundane duty, the diligence in completing this document (and the deadlines for its submission indicated in the regulations) should not be underestimated, because in the event of negligence the consequences for the employer can be really severe.

With the end of the old year and the advent of the new one, some business owners and chief accountants are considering changing the accounting software. It is a difficult decision and not only does it have serious consequences in terms of tax settlements, but also often involves high costs of purchasing a licence and implementing appropriate software. 

With the new digital age technologies, accounting office staff gradually got used to e-mail communication, relying on scanned documents and having more casual connections with tax office staff. The pandemic that has made working from home so popular and has also greatly streamlined the information exchange between accountants and clerks. However, does that mean that digitisation itself is enough to solve all the accounting problems?

When onboarding a new client to your accounting firm, a member of your staff dedicated to support this particular entrepreneur should focus on many things, starting from building a good relationship to implementing proper procedures that will help identify specific needs your client has.

It has been a while since my last post on the principles of accounting, and yet, over this long time I have had a number of discussions about my last blog article that helped me collect so many responses and concerns from my readers that I can now revisit the issues I discussed back then, this time from a slightly different perspective.

Preparing for the “new normal” will be the focus of the online event scheduled from 4 to 6 May 2021 and supported by our company. Experts from all over the world will discuss ways of doing business effectively in a changed regulatory environment and under extraordinary circumstances caused by the continuing COVID-19 pandemic.

Outsourcing is nothing other than allocating business processes in an enterprise and commissioning them to external companies, who are capable of carrying out these processes more effectively – this is the theory. But should we give such a delicate and important matter as accountancy into external hands? Taking into account the sector of small and medium enterprises – definitely yes. In the case of SME, accounting outsourcing has a significant advantage over internal accounting.