The deadline for establishing Employee Capital Schemes (ECS) by medium-sized and small employers from the so-called groups II and III, or those employing at least 50 or 20 people respectively, is approaching very fast.

The deadline for these entities to enter into ECS management agreements is already on 27 October 2020, while the agreements for running an ECS, under which each employee will be subscribed to the scheme, should be executed by 10 November 2020.

Not only employers have a lot of work to do but so do accounting firms which many companies engage to run the ECS. What challenges will they face?

1. Defining the scope of cooperation with the accounting firm concerning the operation of an ECS
2. Security of personal data processed by the accounting firm
3. Cooperation of the accounting firm with the financial institution
4. Legal doubts
5. Organizational doubts

More in the article by attorney-at-law Łukasz Kuczkowski and attorney-at-law Paulina Zawadzka-Filipczyk entitled “Many challenges wait for accounting firms commissioned by employers to run Employee Capital Schemes”, published in Dziennik Gazeta Prawna (on 5 October 2020).