Software is an important part of many companies’ operations. However, its correct classification in terms of accounting and tax may raise doubts. When should software be considered an intangible asset, and when is it only an element of a fixed asset? The answer to this question depends on its nature and how it is used.

We would like to describe a situation we encountered at one of our clients. The taxpayer bears the costs of transport. The rates and scope of services provided are known, but the invoice is provided by the carrier only after some time. Can we recognize these expenses in a given period as tax costs despite

The annual settlement is a good time to look at “bad debts” and the possibility of settling them in tax costs in CIT. In principle, the “costing” of an uncollectible receivable, previously accounted for as income due, may take place either by: Ad. a If the claim is written off, the creditor must have one

The implementation date of SAF_CIT reporting is inexorably approaching. One of the important elements is the specificity of solutions for entities preparing financial statements based on International Financial Reporting Standards/International Accounting Standards. According to Article 66 sec. 2 of the Polish Act of 29 October 2021 amending the Personal Income Tax Act, the Corporate Income

We would like to remind you of the upcoming deadlines for the preparation of TP (transfer pricing) documentation for the tax year 2023. TP documentation Obliged entities prepare local TP documentation for a controlled transaction of a homogeneous nature with a value above: The local TP documentation (together with benchmarking analyses) should be prepared by

The Minister of Finance has signed the Decree on SAF_CIT. We are waiting for its publication in the “Journal of Laws”. (Decree on additional data to be added to the books of account to be transferred pursuant to the Corporate Income Tax Act) The decree is intended to implement the provisions of the Tax Ordinance,

Sometimes there is a need to cooperate with journalists as part of business activity. This is particularly the case when we want to promote a new product in the media by coordinating and editing the notes of cooperating journalists. For this purpose, a number of expenses called PR (Public Relations) costs are incurred. These costs

At a time when a large part of the population works in front of a computer, vision defect has become a disease of affluence. And it is often in the employer’s interest that the employee has the right eyeglasses or corrective lenses adapted to the needs and requirements of his or her workplace. Thus, it

The Act amending the Accounting Act and certain other acts has been submitted to the President’s desk. It introduces an obligation to prepare and publish income tax reports. It is an implementation of the 2021/2101 Directive. Who is subject to the obligation This obligation is to apply, under certain conditions: In practice, two value thresholds