• Important Changes Coming to Fixed-Term Employment Contracts

    On 26 June 2015, an amendment to the Labour Code was passed by the Parliament, significantly changing the regulations so far in force as regards concluding fixed-term employment contracts.
  • The role of the early stages of transaction in the sales process of a company

    Upon completion by the advisor of the transaction sales process and upon signing the agreement with the company for which he/she will provide the services, the time comes to start operational cooperation between these two entities. At this point, an initial step in a long and extensive process begins, whose final completion will be the finalization of the contract with the buyer.
  • Changes in exemption of dividends

    From January 2016, a clause becomes effective to prevent abuses of the exemption from tax on income (revenue) from dividends and other income from a share in the profits of legal persons
  • Remuneration for Employees without Social Insurance and Tax Scale

    With the use of a modern employee bonus system, an employer, in the current legal conditions, has a possibility of increasing an employee's remuneration without incurring higher costs on account of the procedure. It is so because the legislator allows for remuneration to be paid without allotting social insurance contributions and applying the progressive tax scale if the bonus is based on the employee's execution of the company's financial goal
  • Financial Planning as a Factor Contributing to an Enterprise's Success

    Every type of business activity must allow for a certain kind of uncertainty stemming from a variety of external and internal factors. Therefore, it is necessary to analyse the impact of the environment and all decisions with regard to the financial result. Proper planning makes it possible to make decisions which are rational from the standpoint of the company's profitability. On the one hand, it enables one to determine what resources an entrepreneur can use to put their projects into practice, at the same time providing information on the likely cost of these projects. On the other hand, it makes it possible to verify how possible decisions may impact the financial result.
  • Changes in the Polish Code of Commercial Companies. Facilitated registration and operation of companies.

    Polish legislator introduced significant changes to the Code of Commercial Companies in January 2015, and many of them may attract interest of foreign investors. The amendments will be introduced gradually. Part of changes entered in force already on 15 January 2015, whereas the other changes will become effective on April 2016, due to the necessary works on the electronic system adaptation.