Accounting for the Family Foundation

Accounting for the Family Foundation is a challenge!

The Family Foundation is a new institution introduced into the Polish legal system. It is obliged to comply with the provisions of the Accounting Act. It should also be remembered that the provisions of the Law on Foundations and Non-Governmental Organizations will also not apply to Family Foundations, as Family Foundations will not only pursue public interests, but primarily private ones.

Running a family foundation is certainly one of the biggest accounting, tax and legal challenges of the coming years. Recall that the accounting of entities required to apply the provisions of the Accounting Law includes, among other things:

adopted principles, accounting policies;
maintenance of accounting books;
periodic determination or verification by means of inventory of the actual state of assets and liabilities;
preparation of financial statements.

Want to gain confidence in the accuracy of your family foundation's accounting and tax returns? Outsource the bookkeeping of your Family Foundation to the experts. Many years of experience and a team of more than 250 specialists in the Warsaw and Katowice branches allow us to reliably and efficiently manage the accounting of your family foundation, which often requires additional activities such as statutory audit of the foundation. Thanks to our expert knowledge and experience, we comprehensively respond to these needs.

What can we help you with?

As part of our accounting services, we will comprehensively address the following areas:

development and implementation of the accounting principles of the Family Foundation,
Ongoing maintenance of the accounting books in accordance with established standards,
ensuring accounting and tax reporting of the foundation,
preparation of financial statements in the structure required by the regulations,
Preparation of annual declarations and reports to statistical offices,
Preparation of VAT declarations, keeping VAT registers of purchases and sales,
formal and accounting control of documents, recording of economic events,
handling the audit of financial statements,
handling the mandatory audit of the family foundation as stipulated in Article 77 of the Law on Family Foundations.

Accounting Outsourcing for Family Foundation

Family foundations are not an easy legal creation and quite a few areas need improvement or additional regulations, so it is worth choosing a reliable partner providing accounting services.

At the Katowice and Warsaw branches of Aider Polska (MDDP Outsourcing), we make sure that the accounting of the Family Foundation is transparent and clear to beneficiaries and governing bodies. We support entrepreneurs in the most important decisions concerning the development of their business, looking for optimal solutions and offering a rich package of additional services.

When deciding to outsource accounting, a limited liability company should remember that the management is responsible for any irregularities in the accounts. Hence, it is advisable to outsource accounting services to a proven and trustworthy company that knows all the risks and takes this burden of responsibility off its clients. Bet on a reliable business partner - trust the experts of Aider Polska (MDDP Outsourcing).