Outsourcing

The European Commission has approved Poland’s request to introduce mandatory structured invoicing (e-invoicing) via the National e-Invoicing System (abbreviated as “KSeF”).

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.

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.

In January 2020, the Ministry of Funds and Regional Policy announced that they had commenced works on a draft act amending certain acts in connection with the transfer of assets from open pension funds (OFE) to individual pension accounts (IKE). The money accumulated in open pension funds are going to be transferred by default to individual pension accounts or –upon request of the OFE account holder– to the Social Insurance Institution (ZUS). Unfortunately, whatever the choice the future pensioner makes, part of the funds will be lost.

Determining the value of assets and liabilities affects items presented in the balance sheet (statement of financial position of the entity). What is more, it defines the financial result of the company. Given the fact that one of the tasks of accounting is to provide the information about the economic value of the entity, fair value began to be popular both for the initial valuation and for the balance sheet valuation. This valuation parameter, corresponding to the arm’s length value by definition, has become a source of great controversy, mainly due to accounting abuse.