Is the end of the year a good time to change the tax rate?

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The end of the year is an extremely demanding time for all parents, students, employees and of course... entrepreneurs. Often, even the most experienced entrepreneurs are overwhelmed by the responsibilities that come with running a business once a year. However, this is unnecessary stress because, with good planning and proper preparation, these responsibilities become a mere formality that does not pose any challenge for the entrepreneur. So, what should an entrepreneur keep in mind at the end of each calendar year?

Tax settlements, a nightmare for companies?

The end of the year is the time when the total oil and gas company canada whatsapp number entrepreneur is obliged to account to the tax authorities for the income received. There are many types of personal income tax returns and the one that an entrepreneur should use depends on the type of business activity and the taxation chosen. If in doubt, it is advisable to contact an experienced official, tax advisor or accountant directly. In the Polish tax system, the basic types of PIT are: PIT-28, PIT-36, PIT-37, PIT-38 and PIT-39. When filing your tax return, it may also be useful to use the guidance offered by e-pity.pl which explains step by step the steps required to obtain the EIF. You can also check the deadlines for each type of EIF on the website provided.



Continuing with the topic of taxation, the entrepreneur must consider whether the current form is the most favourable for him. The end of the year is the best time for such considerations, as the year-end summary, financial analysis and cost and income analysis provide the necessary information to assess whether the current form of taxation is suitable for the company. A possible change can be made in any calendar year by submitting an application to the Head of the Tax Office before 20 January.