Tax compliance has become an effective option in the development of companies. This is because its adoption implies a set of practices adopted for the improvement of management through a specialized professional. Therefore, amid all the complexity of the tax scenario, the entrepreneur must understand how this service works, as well as its main benefits…
What is tax review? The tax review is an in-depth study of tax management over the last few years. Here the last few years mean the maximum period by which a corporation can get back the extra pay. During the process, research is carried out to collect numbers and files of all fiscal activities in…
Due to the fierce competition in the business world, it is essential to use effective control and evaluation tools in all areas and work processes. Reducing and, if possible, eliminating the possibility of errors and fraud is often synonymous with business survival. And that’s where internal audits come in. Although its application is not so old,…
With the expansion of activities and processes, there was a need to give greater emphasis to rules or internal procedures, given the fact that, according to the growth of the organization, the administrator, or company owner, could not personally supervise all stages of the various activities of the business. The external or independent auditor,…
Due to the complex structure of the tax system, the frequent changes in the legislation, and the lack of unity in practice on many important issues, serious conflicts may arise between the administration and the taxpayers. The resolution of additional taxes and penalties and similar issues arising due to differences in opinion and practice between…
Do you consider your company safe? Unfortunately, there is no shortage of ways for an organization to lose money without managers noticing. After all, there can be fraud in large financial amounts, but also small day-to-day expenses. Given this reality, it is necessary to make more strategic use of financial statements. In this context, companies…
To be prepared for an audit, a company requires that its professionals are willing and available to assist the internal auditors. After all, experts will ask about responsibilities and transactions. In this scenario, systems and people must be mature to act with transparency. This is very important in the process, especially when talking about facts…
Controlling finances is perhaps the most important task any entrepreneur should consider when managing their business. However, it’s an area that not everyone likes, usually because they don’t have the habit, or they think they don’t have the necessary knowledge to do it. As we will see later, it only takes some basic knowledge and…
To stop registered persons from generating fake tax invoices and the corresponding recipients from claiming the ITC thereon, the Government of India had come up with the solution of generating E-Invoices. It is a system in which B2B invoices are authenticated electronically by registered persons for further use on the GST portal. Under this…
The accounting documents of your business, in addition to being mandatory, indicate the general conditions and performance of the company. There are some essential documents for any type of organization, and it is important to always keep them up-to-date and available. What are your company’s main accounting documents? 1) Invoices They are the most relevant…
