Entries from

How long do tax cases conducted by the tax office take?

7 March 2022

In one of the episodes of our series “Courts on the side of taxable persons, i.e. an overview of true stories ” we wrote about the instrumental initiation of criminal and fiscal proceedings by tax authorities. Such proceedings are used by the tax office to prevent tax liabilities becoming time-barred. Today we will go to the root of the problem, i.e. we will tell you why the tax authorities must prevent statute of limitations in this way at all. Here are a few words about delaying tax cases.

Major Changes in Legislation in 2022 Known as the Polish Deal

2 February 2022

The Polish Deal that entered into force on 1 January 2022 (with certain exceptions) involves a number of major changes both for companies and natural persons. The changes in 26 legal acts have been introduced in one big package. They have a great impact on crucial things from the taxpayer’s perspective, such as health insurance premiums, personal allowances, new tax thresholds and a range of other regulations. In the article below, we are going to discuss the most important ones the entrepreneurs surely cannot afford to overlook. We have already addressed these changes in detail on our blog, and we encourage you to read it.

Cryptocurrency on the balance sheet

19 January 2022

Not long ago, we had a look at the valuation of fixed assets for impairment, i.e. we briefly discussed the impairment test. The choice of this topic was due to the economic downturn in certain industries. Today, we are going to discuss another area of financial reporting, very popular in recent years, namely cryptocurrencies. How do you recognise and value these virtual assets in your financial statements?

When should the financial and accounting programme be changed? Basic issues related to the implementation of new software for accounting

14 January 2022

Ewelina ZAWIERUCHA

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.

Oracle NetSuite Polish Localization Package 2021.4 release notes

17 November 2021

Polish Localization Package (PLP) provides an extension of a native functionality in NetSuite Oracle. It is a set of designed modules intended to fully support your financial NetSuite system in compliance with the Polish requirements stated in the Polish Accounting Act. We regularly update the PLP module and so we would like to announce a new version of Oracle NetSuite Polish Localization Package 2021.4 software. Our release notes provide information on the features and improvements in each release.

Branch and Representative Office of a Foreign Company in Poland: (Attractive) Alternatives to Starting a Company?

16 October 2021

Krzysztof WARAKOMSKI

If a foreign company has a temporary project in Poland or would just like to emphasize its presence on the Polish market, a foreign entrepreneur may consider some alternatives to establishing a company in Poland, namely opening a branch or a representative office of its foreign company in Poland.

How to sell your business successfully? Learn 7 mistakes you are likely to make when valuating and selling your company

12 October 2021

Krzysztof CIESIELSKI

Selling a company tends to be a long process that takes a couple of months. In practice, it starts much earlier than the actual negotiations with the buyer. That is when the business owner can make mistakes that will cost them dearly. What are these traps and how can they be avoided?

Business valuation: who and to what extent should do it when a company is being sold?

12 October 2021

Krzysztof CIESIELSKI

If the seller wants to land a good price and the buyer wants to avoid overpaying, the transaction of selling a business must be supported with a reliable valuation of the acquired company. But who should do it and how should it be done in order for the valuation report to be credible?

Branch of a foreign company in Poland

10 October 2021

Kamila GUŹLIŃSKA

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.

The Polish Deal clarifies the withholding tax (WHT)

3 September 2021

The last major amendment to withholding tax regulations was supposed to take effect on 1 January 2019. However, the Ministry of Finance has continued to push back the date of their final implementation by way of successive regulations. They have also announced that they are already working on some new amendments. Thus, Polish entrepreneurs and their foreign contractors still do not know for sure when the announced regulations will become effective nor what they will actually entail.

Entries from - page 4