Budgeting for the First Time – How to Start and Effectively Manage the Process
First-time budgeting, like any new task, may seem difficult and complex, but it brings immense value to managing a company. It’s worth taking up the challenge – a well-prepared budget is a roadmap that guides your organization toward achieving its goals and helps it survive in a dynamic economic environment.
The Impact of the Minimum Wage Increase in Poland in 2025 on Entrepreneurs and Company Profitability
At the beginning of 2025, the minimum wage in Poland will rise to PLN 4,666 gross, with the minimum hourly rate increasing to PLN 30.50. For many entrepreneurs, particularly those in the small and medium-sized enterprise (SME) sector, this change represents a significant challenge. While the main goal of raising the minimum wage is to improve the financial situation of workers and boost their purchasing power, for employers, it necessitates considerable adjustments in cost management and operational strategies.
Managing Employee Leave - from Legal Compliance to Enhancing Organizational Efficiency
In today’s dynamic work environment, managing employee leave is crucial for both the well-being of employees and the overall efficiency of the organization. However, violations related to not granting leave are commonplace, and the National Labour Inspectorate receives numerous complaints on this issue daily.
Choosing an accounting office step by step
What to consider when choosing an accounting firm to ensure the partnership meets your needs and supports the company’s strategy and goals?
Celebrating the 35th Anniversary of PKF BPO!
Today, we are celebrating the 35th anniversary of PKF BPO, our oldest company within the PKF Poland Group, in the financial and accounting market. This milestone is a testament to the trust of our clients, partners, and employees.
The Risks of Overreliance on Simplifications in Financial Accounting
"The bank has terminated our credit agreement! This is a matter of life and death for us!" Those were the words I heard from a client a few months ago. His story is a perfect illustration of the thesis that simplified accounting can lead a company to erroneous conclusions with far-reaching consequences. It also proves that a properly tailored accounting system and internal processes are crucial to the safety and success of an enterprise.
KSeF Not Coming into Effect in 2024
On April 3, 2024, the Ministry of Finance presented a draft of legal changes concerning the National e-Invoicing System (KSeF).
The Impact of Adverse Macroeconomic Indicators on Your Company
Jak mówi Bill Gates, decyzje oparte na powierzchownej intuicji mogą kosztować przedsiębiorców drogo. W ostatnich latach, wyzwania takie jak pandemia i konflikt na Ukrainie, pokazały, jak zmienne i nieprzewidywalne mogą być warunki gospodarcze. Nieustanne zmiany makroekonomiczne, oraz niepewność gospodarcza wymagają od przedsiębiorców nie tylko czujności, ale i strategicznego zarządzania ryzykiem.
Reporting Schedule Related to the Closure of the 2023 Financial Year
The Ministry of Finance has confirmed that there will be no changes in the deadlines for preparing and submitting financial statements and CIT-8 declarations in 2024.