RSM Poland


Audit and accounting insights

We write comprehensively on business finance. Accounting policy, compliance of accounting books with legal regulations and the rules of cooperation with statutory auditors can’t keep their secrets from us. Interested in financial statements audit and reporting under Polish and international standards? Wondering what the financial audit looks like in practice and what the outsourcing of accountancy involves? Read the Audit and Accounting Insights on our RSM Poland Blog - an informative and inspirational source of knowledge for entrepreneurs.

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
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. 

Branch of a foreign company in Poland

10 October 2021
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.

How Debt Affects a Company’s Liquidity

28 July 2021
The company’s debt ratio is an important criterion for assessing business performance. Even though raising external capital prompts faster growth and boosts your profitability, you must remember that this kind of capital raising involves significant risks. Liquidity hazards seem to be critical here.

Tax inspections: Does Faster Mean Better?

8 June 2021
Aleksandra KORZEŃ
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?

Client onboarding in an accounting firm: what to look out for if you want to start off on the right foot?

27 May 2021
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.

Books of Account in an enterprise: Monday reflections on selected problems of our time...

11 May 2021
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.

Mergers of Trading Companies Under the Accounting Act Part 2

6 May 2021
In the case of a merger of companies where the existing shareholders do not lose control over companies after the merger, the pooling of interests method referred to in Article 44c of the AA can be applied. In particular, this applies to mergers of direct or indirect subsidiaries of the same parent company, as well as to mergers of a lower-tier parent company and its subsidiary.

Mergers of Trading Companies Under the Accounting Act Part 1

19 April 2021
Trading companies with similar business profiles often decide to merge in order to grow faster. Mergers are used as a solution to enhance the effectiveness of companies and reduce operating costs, thus achieving synergies.

Donations and the CIT tax relief

31 March 2021
More and more businesses decide to build their future taking into account the Corporate Social Responsibility – CSR, which certainly works for the benefit of the company image. One of the ways to support local communities may be a donation. If certain conditions are met, a legal person making an in-kind or cash donation may claim an income tax relief. Let’s check then if helping may indeed pay off.