The modern labor market demands more than just competitive salaries — employers are increasingly expected to offer a wide range of non-wage employee benefits. These perks aim to improve employee satisfaction, loyalty, and motivation, but they also bring certain tax and social security obligations for employers. Types of employee benefits According to Polish tax law,…
The Markets in Crypto-Assets (MiCA) Regulation is one of the most significant legal frameworks shaping the cryptocurrency market within the European Union. For years, both investors and Crypto-Asset Service Providers (CASPs) have closely monitored its development, wondering how the new rules will impact their businesses. MiCA introduces a comprehensive set of regulations governing the issuance,…
Hiring an employee is not just about signing a contract—it involves a range of formalities that must be completed in accordance with applicable regulations. Employers must meet requirements related to recruitment, social security registration, training, and ongoing tax obligations. If you run a business and need HR and payroll support – contact us! Recruitment The…
Tax optimization and tax avoidance are two distinct approaches to reducing tax liabilities, differing in both methods and legal compliance. Tax optimization – legal methods for reducing tax burdens Tax optimization refers to lawful strategies designed to minimize tax obligations. These strategies include: Examples of tax optimization: All these practices comply with legal provisions and…
Running a business often requires additional financial resources. One way to improve a company’s liquidity is to obtain a loan from a shareholder or a board member. This solution may be more accessible and flexible than a bank loan, but it requires compliance with specific formalities. Below, we present key information in a Q&A format…
Starting from January 1, 2025, a new SME procedure came into effect, which may significantly facilitate business operations for small companies operating within the EU market. The new regulations introduce a simplified VAT exemption system in EU countries. But what does this mean in practice, and who can benefit from the new rules? What is…
Starting from January 1, 2025, a new Polish Classification of Activities (PKD 2025) will replace the current PKD 2007. This update is crucial for businesses as PKD codes are essential for registering activities and complying with regulations related to various forms of business support. Why are the changes being introduced? PKD 2025 is the result…
The amendment to the Anti-Money Laundering and Terrorist Financing Law (AML) came into effect on October 31st, 2021. It is one of the basic obligations of Polish entrepreneurs. This obligation originated from the introduced law in the European Union. The purpose of the established law is to prevent the introduction of illegally sourced assets and…
Working time is the time during which an employee is ready to provide work and is at the place that the employer has designated. As established in the Labour Code, working time must not exceed: The settlement period is a period of time, such as a month or a quarter, in which the employer adds…
The phrase “undeclared work” is included in the Act of April 20th, 2004, on employment promotion and labour market institutions. According to this law, illegal employment is mainly when: What are the reasons for taking undeclared work? Workers may be tempted by the vision of a bigger paycheck, which will not be reduced by…
