RSM Poland


Entries from September 2020


24 September 2020

Expectations towards accountants are growing, and it is sometimes difficult to meet these expectations due to many, often contradictory, regulations. What helps to overcome accounting intricacies is good software, but this is not a solution to everything. Therefore, what an accountant can do in order to effectively navigate through the meanders of accounting?

23 September 2020
Paulina PRUSIK

When keeping the accounting books, you come across many economic events you are obliged to correctly recognise in the financial statements at the end of the reporting period. Sometimes you come across unusual, less common events, such as inventory valuation or reserve recognition. Non-current assets held for sale and assets related to discontinued operations, regulated in detail in IFRS 5, are other examples here.

21 September 2020

Foreign entrepreneurs who want to start their business in Poland may open a branch of their foreign company on the territory of the Republic of Poland, and in this article I will share some insight as to what this branch office and its accounting is like.

21 September 2020

The revolutionary draft amendment of CIT and PIT Acts has recently been published amidst plenty of controversy, in particular about the CIT taxation of limited partnerships. This is one out of many changes suggested by the legislator and discussed in our Tax Alert. Important amendments that are supposed to enter into force in the beginning of 2021 include transfer pricing regulations, and that is what we are going to focus on in this article.

18 September 2020

On the other hand, it is not always the case that the owner wants to sell the whole of their business. Moreover, and not infrequently, the owner is not even willing to sell the controlling stake. However, there are situations where selling a part of a business seems to be a good and reasonable solution.

15 September 2020

When looking for information on the condition of the company, users of financial statements very often focus on analysing the balance sheet and the profit and loss account. However, not everyone knows that it is the cash flow statement that contains information about the actual cash position and the direction of cash flows in an organisation.

14 September 2020
Katarzyna SADOWSKA

In the previous part of our series on the tax implications of employee relocation we discussed the labour taxation in double taxation agreements and how to properly fulfil tax compliance duties in respect of income earned by a Polish residents from work abroad. The topic we will present you this time is the proper taxation of a remuneration that a Polish resident receives for work performed for a foreign employer in Poland (e.g. working remotely), and, more specifically, the obligations related to the payment of income tax advances during the tax year.