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.
Employment Certificate - Important Changes Effective May 23, 2023
On May 23, 2023, a new regulation regarding the employment certificate was introduced. The content of the employment certificate has changed to include information about the use of work leave due to force majeure, caregiving leave, and occasional remote work within the given year. Since April 7, 2023, employees have been entitled to 24 days of occasional remote work per calendar year. This annual quota means that in the event of a job change, the new employer should be informed about the number of remote work days used at the previous employer.
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.
Don’t Put Off KSeF Until the Last Minute
A few days ago, the Minister of Finance, Andrzej Domański, announced that the planned implementation of the National e-Invoicing System (KSeF) on July 1, 2024, has been postponed. This decision is due to the identification of critical errors in the system, which prevent its effective rollout in 2024.In the near future, a tender for an external audit of the system will be announced, and consultations with businesses are planned. A new implementation date will be announced after the audit is completed.
Organizational Merger of PKF BPO Sadowska-Malczewska Sp.k. with EUROTAX Podatki Sp. z o.o.
We are pleased to announce that as of January 1, 2024, EUROTAX Podatki Sp. z o.o. has joined the PKF Polska Group through an organizational merger with PKF BPO Sadowska-Malczewska Sp.k.
Understand the Differences Between Simplified, Full Financial Accounting, and Management Accounting and Make an Informed Choice
Are you running your own business? Achieving great results and continually coming up with new development ideas? That's fantastic!In this article, I want to persuade you why it's worth implementing full financial accounting as well as management accounting and controlling in your organization without delay.
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?
Important Changes for Employees in the Code of Civil Procedure: Impact on Employers
On September 22, 2023, amendments to the Code of Civil Procedure came into effect, enhancing the protection of dismissed employees. The new regulations allow a dismissed employee under special protection to request an injunction for reinstatement, as stipulated by the revised Article 477² § 2 of the CCP.
Employee Severance Packages
Severance pay is an additional benefit entitled to employees under specific circumstances defined by labor laws. This includes scenarios such as retirement, disability pension, or the death of an employee. The conditions for these payments are detailed below. We also encourage you to utilize our comprehensive payroll and HR services, which leverage modern technologies for the highest level of service.