Online accounting office for insurance
By Agnieszka Saladra, Certified Accountant
Do you sell policies, handle renewals and settle commissions from several insurers, while taxes take up time you could be giving to clients? Our accounting for insurance agents covers settling commissions from commission statements, keeping track of the VAT exemption for intermediation services, and recognising the costs of running an agency - so you can be sure every commission is calculated correctly and on time.
This is an accounting office for insurance intermediaries that works fully online - with no office visits and no paper documents to send. An experienced accountant will analyse your model of cooperation with insurers and multi-agencies, compare the available forms of taxation and ensure your peace of mind on tax matters - whether you operate as a sole proprietorship (JDG), a multi-agency, or work on a B2B basis as an OFWCA (a person performing agency activities).
Insurance agents and individuals performing agency activities (OFWCA) who settle commissions from insurers and the costs of running an agency.
Multi-agencies cooperating with many insurers, where we will put in order the commission statements, settlements with insurers and revenue records.
Intermediaries employing or working with sub-agents, for whom we keep the accounts, settle commissions and handle mutual invoicing.
We settle commissions from insurers on the basis of commission statements - recording them in the correct period and keeping track of the right dates and amounts, including instalment sales and renewals.
Insurance intermediation services are, as a rule, exempt from VAT. We check your situation, keep the records and ensure the exemption is applied correctly.
We will compare lump-sum tax (ryczalt), flat tax and the general rules, on your costs and revenue, and identify the correct lump-sum rate for intermediation services - you decide.
We will help you correctly account for your agency's costs - car and fuel, office, phone, policy systems or training - in terms of their connection with the business.
We put in order your settlements with sub-agents and B2B cooperation with insurers and multi-agencies - commission splits, mutual invoices and records.
An experienced accountant will answer your questions about commissions, VAT and costs by email and by phone, with no need to visit the accounting office.
You get a regular, experienced accountant who knows the specifics of insurance intermediation and keeps your accounts fully online - with no paperwork and no commuting. We explain how to settle commissions from insurers' commission statements, why intermediation services are as a rule exempt from VAT, and which expenses on running your agency you can treat as costs. We also help put in order your B2B cooperation with insurers and multi-agencies, as well as settlements with sub-agents. We serve clients in Polish and English, so cooperation is simple and convenient.
Before you entrust us with your agency's accounting.
Insurance intermediation services are, as a rule, exempt from VAT under the rules on insurance services and intermediation in this area. This means that, as an agent, you usually do not charge VAT on commissions. We confirm your situation individually based on your agency agreements and keep the appropriate records.
We settle commissions on the basis of the commission statements received from insurers and multi-agencies. We record them in the correct period, keeping track of the right dates and amounts, including instalment sales and policy renewals. This gives you a clear picture of revenue from each insurer.
An agent can be taxed using lump-sum tax (ryczalt), flat tax or the general rules - the choice depends on the level of commissions and costs. A specific lump-sum rate applies to intermediation services, which we will identify. An experienced accountant will compare the options and present how each one looks in your situation - you decide.
Agents and OFWCA often cooperate with insurers and multi-agencies on a B2B basis, receiving a commission for the policies they bring in. In this model we settle the commission statements, mutual invoices and revenue records, putting the cooperation in order regardless of how many insurers you work with.
If you cooperate with sub-agents or employ people performing agency activities, we put in order the commission split and mutual settlements. We record the invoices issued, the revenue and the costs so that the agency's accounts are clear and compliant with the regulations.
Yes, this is online accounting - you provide documents and commission statements through the Client panel (you get access after signing the contract), with no visits to the accounting office. You contact a regular, experienced accountant by phone and email. We serve clients in Polish and English, so cooperation is simple and convenient.
Book a free consultation - we will review your situation, calculate the scope and present a clear quote tailored to your business. No obligations and no hidden costs.
Book a free consultation