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Entries from March 2015

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30 March 2015
Dawid STOLAREK

It is evident that in the free-market economy, especially in branches with low entry barriers such as consulting, a customer has a special position. It is our client who, as a buyer of goods and services, determines the success, or failure, of  business we – professional advisors and consultants, run.

27 March 2015
Mateusz CHŁOSTA

Full deduction of input VAT from the purchase and use of a vehicle is possible, among others, when a taxpayer uses such vehicle exclusively for own business purposes. To prove that the use of a car is limited only to the abovementioned, the taxpayer must keep a mileage log. And here are the proverbial „stumbling blocks”. Although the VAT Act indicates how such mileage log shall be kept and which specific columns shall it include, the taxpayers concerned see these guidelines differently than tax officials.

23 March 2015
Przemysław POWIERZA

It often happens that before the optimization begins, we need to solve problems related to mentality differences – and this is when the huge value added of cooperation with German Desk can be demonstrated.

2 March 2015

RSM Poland is proud to announce that our Team has established RSM Poland’s blog! First seven blog posts are already publicly available at http://www.rsmpoland.pl/en/blog  in as many as five different languages!

1 March 2015
Dawid STOLAREK

Company valuation is a topic most managers and owners are likely to face at some point in running their large-sized businesses. The study is usually elaborated in connection with a prospective company acquisition/sale transaction, allotment of an organised part of the company into the structures of a new entity, or in relation to conditions imposed by regulations on financial review. These are, of course, only some examples – the list of circumstances that require or simply contribute to preparing a professional company valuation is much longer.

1 March 2015
Piotr NOWATKOWSKI

Choosing the right business form is of uttermost importance to every entrepreneur. Therefore, before you make the decision it is advisable to learn about all the resulting consequences. If you happen to be a Polish entrepreneur, the task seems rather simple (at least in theory): you browse the Internet (thousands of posts, but which ones are credible?), check on friends and their experiences, and finally there’s a phone call to the Companies House to check out the mundane side of starting a business (what forms need to be submitted, where to pay your fees and how much?).

1 March 2015
Mateusz CHŁOSTA

Anyone who has ever had the pleasure of attending classes in programming almost certainly had the chance to plumb the mysteries of a programming language known as Turbo Pascal. If so, the phrase in the title of our first post surely sounds familiar. "Hello World" – the words our very first "programme" would usually display on the monitor of our computer. Back then, these two words meant the beginning of an adventure with a new, inspiring tool that would offer tremendous opportunities, namely programming. What better title could there be to celebrate the start of an adventure that may perhaps be different, but still as fascinating and inviting: an adventure with transfer pricing.

1 March 2015
Tomasz BEGER

From a board member's point of view, an entrepreneur's or that of a foreigner delegated to develop the company's branch in Poland, the subject question is of fundamental meaning. The answer, as is often the case with taxes, is unambiguous. It all depends on how apt you are to take on extra risks and how much spare time you may allow yourself to spend on solving tax riddles

1 March 2015
Przemysław POWIERZA

The first months in Poland, as in any new place, are challenging: a foreign country, new people. It may still be the same company, but work organisation is somehow different. Not to mention job challenges  – new tasks, time pressure and HQ are keeping their eye on you... At this point the CFO who had been delegated from Germany to Poland is showered with unfamiliar documents from HR: declaration of this, declaration of that, one information request, then another, further summaries, and on top of all: Forbearance of fiscal crime doer punishment. What is that even supposed to mean??? Just a warm welcome to the institution of income tax in Poland; or rather to those who have the daily 'pleasure' of dealing with the Polish Tax Office.

1 March 2015
Bartosz MIŁASZEWSKI

Let's say I purchased a company and...

... not everything is quite as I had assumed, although nobody was trying to cheat me. Does that sound familiar? I fear it does. In my job I work with people who are in charge of deciding whether to acquire another company, and if so – for what price. In the course of negotiation the price is usually established as a multiple of EBIT/EBITDA/net profit. I am personally not a supporter of this method. In my opinion it is much better to evaluate a company using the DCF methods in three scenarios: positive, neutral and negative. But who has time for such things these days? Due to its simplicity the multiple method is gaining many supporters among decision-makers.

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