Tax optimization - how to pay taxes in the company

Entrepreneurs can legally pay lower taxes by taking advantage of the opportunities offered by tax regulations. The use of tax optimization allows you to reduce your tax burden, and thus leads to an improvement in your financial result. In this case, the key is to develop an appropriate analysis and create a tax strategy based on it that will legally minimize the tax burden.

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one-time depreciation - de minimis aid

New companies that started business operations during the tax year and small taxpayers can once depreciate fixed assets classified as 3-8 in the Classification of Fixed Assets, excluding passenger cars, in the tax year in which these assets were entered in the records.
However, the value of depreciated assets cannot exceed 50,000. euro, converted at the average exchange rate of the National Bank of Poland on the first business day in October of the year preceding the financial year in which one-off depreciation is carried out. When calculating the above limit, the value of assets does not include these fixed assets and intangible assets below 3.5 thousand. $, which was redeemed once in accordance with tax regulations.

Settlement of tax losses

It is worth remembering that the income in a given tax year can be reduced by the incurred tax loss in the next 5 following tax years. Such deduction in any of these years may not, however, exceed half of the amount of this loss. Therefore, when planning an appropriate tax strategy, it is worth remembering to show income at a level in the following tax years that will allow you to deduct the losses previously incurred in full.

Simplified income tax advances

Companies can use the option of paying monthly advances in a simplified form in the amount of 1/12 of the tax due, shown in the tax return submitted for the previous year. If the due tax has not been shown in the tax return mentioned above, it is possible to pay monthly advances in the amount of 1/12 of the tax due resulting from the tax return submitted two years earlier. If also in the tax return, which was filed two years earlier, has not been shown - it is not possible to pay the tax in a simplified form.
To take advantage of the above solution, you must notify the competent head of the tax office in writing of the first advance payment in the tax year in which the simplified form of advance payment for income tax was chosen for the first time. It is worth remembering that this notification also applies to subsequent tax years. If the company decides to stop using the simplified form of payment of income tax advances, you must inform the competent head of the tax office in writing about the date of the first advance payment for the given tax year.
Advances should be paid throughout the tax year, by the 20th day of each month for the previous month. The advance for the last month is paid by the 20th day of the first month of the following tax year. By the end of the third month of the following tax year, a tax return is submitted to the tax office regarding the amount of income (loss) earned in the tax year. At the same time, the tax due or the difference between the tax due on the income shown in the tax return and the sum of the advances due from the beginning of the year must also be paid.

Quarterly settlements with the tax authorities for income tax

In the light of tax laws, entrepreneurs starting their business and small taxpayers can use the quarterly form of paying income tax advances. Quarterly advances are paid in the amount of the difference between the tax due on income from the beginning of the tax year and the sum of advances due for previous quarters.
Quarterly advances are paid by the 20th day of each month following the quarter for which the advance is paid. The advance for the last quarter of the tax year is paid by the 20th day of the first month of the following tax year.
To be able to take advantage of the possibility of quarterly settlements, entrepreneurs are obliged to notify the relevant head of the tax office in writing by the 20th day of the second month of the tax year. This notification also applies to subsequent years. If you opt out of this form of payment of income tax advances, you must notify the appropriate head of the tax office in writing on the date of the first advance payment for a given tax year.