A family general partnership came to SmartAccountant after their long-standing accountant retired. The company operated internationally, and one of its younger members had built a genuine revenue stream from advertising contracts tied to his participation in motorsport events – racing worldwide.
The income was real. The profits were significant. But the structure was wrong.
The company’s earnings were being taxed under personal income tax (PIT) – one of the least efficient vehicles for high-revenue activities. After a thorough analysis, the SmartAccountant team recommended spinning off the racing-related business into a separate legal entity. The impact was immediate: corporate income tax at 9% (available to small taxpayers in Poland) replaced a far heavier personal tax burden.
The team also applied the Estonian CIT model – a solution that defers taxation entirely until profits are actually distributed. For a growing business reinvesting its earnings, this is a powerful cash flow advantage.
But the tax work was only part of the story.
During onboarding, the team identified a series of manual processes that had simply accumulated over time – including monthly foreign currency conversions logged transaction by transaction. Some were obsolete due to regulatory changes and were eliminated outright. Others were automated through an electronic document flow system. The result: over 50 hours of manual work saved every month.
The takeaway for international businesses operating in Poland: legal structure and operational setup matter as much as the numbers themselves. A second opinion – especially after a change in accounting teams – can surface both tax savings and process inefficiencies that have gone unnoticed for years.
If your company operates across borders and you are not certain your current structure is working for you, SmartAccountant is happy to take a closer look