17 sierpnia 2009 The other certain thing in life (Warsaw Business Journal) - Marcin Poznań
Tax advisory, like any other industry, is not immune to the slowdown. But sector firms are successfully adjusting to customers’ changing needs in the new business environment.
When companies cut costs,expenditures on tax advisory are among first things that get slashed. An economic slump
means investment plans get put on hold, which in turn renders many tax services unnecessary. But opportunity also appears in
times of crisis.
“It is the perfect time toundertake optimizing actions,aimed at decreasing the tax burden in the long run,” said
Katarzyna Klimkiewicz, a partner and tax advisor at TPA Horwath. “This is a time when taxpayers and advisors can
focus on restructuring actions,” she added, listing as examples the simplification and redefinition of holding structures.
“Finding savings or improving financial liquidity can be provided thanks to cooperation with a tax advisor,” agreed
Tomasz Michalik, a partner at advisory MDDP.
Warsaw Business Journal
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