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Lump sum taxation, Tax card

Accountant - Accounting Firm offers comprehensive services for companies paying lump sum tax on registered incomes and for entities keeping their tax accounts on the basis of the so-called tax card, in accordance with the Act of 20 November 1998 on Lump Sum Income Tax on Certain Incomes Earned by Natural Persons. (Journal of Laws No. 144, item 930, as amended).

The full range of services involving registration of incomes for entities paying lump sum tax on registered incomes and auxiliary services comprises the following modules:

 

Accounting for lump sum taxation on registered incomes

  • keeping a register of income;
  • preparing documents for registration (formal and accounting verification);
  • making entries in the incomes register on the basis of accounting records received from the client, certifying that the given transaction was closed in conformity with all the requirements referred to in applicable tax legislation, and internal records drawn up by our Firm on the basis of additional registers;
  • creating internal documents;
  • issuing sales invoices;
  • keeping sales and purchase registers for VAT purposes in accordance with the provisions of the Tax on Goods and Services (VAT) Act;
  • keeping a PP&E register, intangible assets register and equipment register, according to Article 15 of the Act on Lump Sum Income Tax on Certain Incomes Earned by Natural Persons;
  • providing explanations concerning accounting documents, records;
  • closing and clearing income registers as at the end of each consecutive tax year;
  • social security reporting and settlements with the social security agency for business operators.

 

Declarations, tax advances, annual returns

  • preparation and submission of monthly/quarterly VAT declarations to the Tax Office;
  • preparation and submission of monthly, quarterly and annual declarations on behalf of the taxable person to competent tax authorities - PIT, social security, others;
  • monthly/quarterly calculation of taxable base and advance for personal income tax;
  • preparation of annual personal income tax returns (PIT 28 and others) on the basis of entries in the incomes register;
  • preparing documentation for VAT return purposes;
  • preparing monthly/quarterly summary (VAT-UE).

 

Reporting

  • preparing monthly/quarterly specifications of incomes on the basis of entries in the incomes register;
  • preparing periodical financial reports for management purposes, as per the client's individual information requirements;
  • analysis of sales revenues;
  • evaluation of net profit/loss;
  • drawing up financial analyses, business plans;
  • preparation of monthly, annual reports as per the client's requirements.

 

Associated services

  • handling tax proceedings, fiscal or tax inspections;
  • communications with tax authorities;
  • updating the company data;
  • preparation of credit applications;
  • settlement of outstanding tax debt;
  • tax advice and consultancy;
  • tax supervision;
  • reviews of the incomes register;
  • consulting on preparation and updating of document flow instructions;
  • assistance in selection and implementation of an accounting system;
  • accounting consultancy in the range of proper documentation of transactions;
  • consulting on development and verification of internal controlling procedures;
  • preparation of applications for EU grants;
  • representing the client before the Tax Office on the basis of relevant power of attorney;
  • consulting and advice on running the client's business;
  • preparing financial documents for Banks and other financial institutions, as required for verification of the client's creditworthiness;
  • archiving the accounting records, correspondence and registers.

 

The full range of services provided to taxable persons paying their taxes on the basis of a tax card and auxiliary services comprises the following activities:

 

  • issuing bills and invoices on behalf of the taxable persons, upon the client's demand, certifying sales of products, commodities, or performance of a service;
  • retaining copies of bills, invoices in order of numbering for five tax years as of the end of the year in which the given bill or invoice was issued;
  • keeping and retaining employment records in accordance with Article 35 of the Act of 20 November 1998 on Lump Sum Income Tax on Certain Incomes Earned by Natural Persons (Journal of Laws No. 144, item 930, as amended);
  • keeping remuneration records, preparation of payroll;
  • preparing accounting declarations, named reports, and submission to the Social Security Agency (ZUS);
  • communicating the deadlines for payment of advances for personal income tax to the client;
  • preparing annual declarations for employees - PIT 11;
  • submission of an annual declaration on the amount of health insurance contribution on behalf of the taxable person, until 31 January at the latest, as referred to in the act of 27 August 2004 on Healthcare Services Financed with Public Funds (Journal of Laws No. 210, item 2135), paid and deducted on the tax card during the specific months;
  • keeping records for VAT purposes (sales and purchases registers);
  • preparation and submission of monthly/quarterly VAT declarations to the Tax Office;
  • representing the clients before the Tax Office and the Social Security Agency.