Accounting services in Poland in English

Every company in Poland is obliged to make accounting and submit financial reports to the tax bureaus in alliance with the required deadlines. This is the precondition to various forms of enterprises and ownerships: the LLCs, the individual entrepreneurs, the firm owners or heads of partnership, the stock-joint companies, etc., and all of those forms of organizations have to submit financial statements. In the event that an enterprise does not submit reports on time, it entails that the sanctions will be imposed.

The Employee Payroll Features

In Poland, as in other countries, the company accountants will calculate the income, and this is carried out by the determination of salaries and tax related payments. This process is going through to the submission with financial declaration to the tax bureau and insurance department.
In terms of the income layers, it has two forms in Poland – Net and Gross. In the case of Net income, it refers to the earnings that the employee receives after the deduction of tax and other payment related deductions. The Gross income indicates total amount payment that is drawn up on the Working Contract, and it concludes the fees, taxes, payments etc. that are before the deduction.
The individual citizen income taxes have several categories:

• The employee’s income
• Self-employed individuals who have registered
• Individual entrepreneurs

In Poland, the income tax will be calculated within the gradation scale:

• If the income is not greater than PLN 85, 528, the tax rate is 18%
• If the income exceeds this amount, the income tax will be 18% taken from PLN 85. 528 and plus 32% taken from the exceeded amount

Personnel Workflow Features

In principle, accounting outsourcing and other types of business services are quite common. Seeking an accounting support service (Including subscription services in a certain period of time) in on demand from Polish companies and representative offices. It is estimated that around 65% of business organizations would like to cooperate with the high quality accounting services. There will be agreements between the parties before the start of cooperation, and the content of the agreement contains in great detail regarding the terms and other exclamations of accounting services; moreover, the supporting service to individual entrepreneurs (FOP) is also highly demanded in Poland, and this support service has the proper accounting procedures in alliance with legal regulations.