Company Formation in Poland: Legal and Practical Insights
Starting your own business is an exciting milestone, but it also comes with a range of formalities that can discourage even the most determined entrepreneur. However, company formation—while requiring precision and an understanding of the relevant procedures—does not have to be a complicated or time-consuming process. The key lies in thorough preparation and a clear understanding of the legal requirements.
Business Process Automation – How to Increase Company Efficiency
In every company, there are tasks that repeat daily: issuing invoices, processing documents, calculating salaries. While essential, they do not directly generate revenue – yet they consume a great deal of the team’s time and energy. That is precisely why business process automation is becoming one of the key tools for enhancing operational efficiency.
How to Properly Prepare and Submit a Financial Statement to the National Court Register?
A financial statement is not only a legal obligation in Poland but also a summary of the company's year-long performance, a reflection of its financial condition, and a cornerstone of transparency towards stakeholders. Current regulations require entities that maintain full accounting records to prepare and submit their financial statements exclusively in electronic form. Moreover, these documents are publicly accessible, which further emphasizes the importance of their accuracy and completeness.
An Investment with the Highest Return: 7 Arguments for Investing in Employees.
In today’s fast-paced business world, an organization’s success largely depends on the competence and engagement of its employees. Investing in employee development has become a key element of the strategy for any company that aims not only to maintain its competitive edge but also to build a positive work culture and reduce the significant costs of recruitment and employee turnover.
Prepare for e-Delivery. Key Information for Your Company
The Ministry of Digital Affairs is introducing a new e-Delivery system that will be mandatory for all companies. This means businesses will be required to send and receive official documents online instead of using traditional mail as before.
HR Controlling: The Key to Success in Human Resource Management or Just Another Corporate Buzzword?
Have you ever come across memes poking fun at the absurdities of recruitment, useless employee benefits, or baffling performance evaluation systems? These humorous images, widely shared on social media, often hit the nail on the head when it comes to the challenges faced by companies and their employees. We laugh at them because they’re funny—but also because they reflect a reality we know all too well.
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.
Clients delaying payments? Protect your business from liquidity loss
Delayed payments are one of the most significant challenges faced by Polish entrepreneurs. Currently, the average waiting time for invoice payments is approximately 60 days, and in many cases, it exceeds even 90 days. By the end of 2023, one in three companies in Poland grappled with overdue payments, posing a serious threat to financial liquidity, especially in light of today’s economic challenges.
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?
Is Financial and Accounting Outsourcing a Good Solution During a Crisis?
Dynamic changes in the economy, the challenging lockdown period, and the war in Ukraine are just a few of the disruptions affecting entrepreneurs recently. High inflation, often leading to halted investments, coupled with a high risk of losing liquidity and supply chain breakdowns, paint a picture of exceptionally difficult conditions for many businesses. The current reality shows us that we need to get used to the term "economic crisis" for a longer period. In such a situation, quick reactions to changes in the economic landscape are essential, as the speed of response can determine a company's survival. Can a good accounting office really help us in tough times?