วันเสาร์ที่ 5 ธันวาคม พ.ศ. 2552

The tax benefits of proper Asset Accounting

Small businesses are equipped with survival, and only rarely in the analysis of their balance sheets. Accountant can be a valuable tool, when decisions are made to serve the society.

But accounting also plays a key role when it comes to taxes on businesses. Information on the financial statements, such as profits, assets inventory are extracted directly from the budget submitted to the business income.

I will spare you the details of the borethe completion of taxation for businesses and concentrate only on the areas neglected the most in the preservation of documents, the impact of taxes.

If the services of an accountant of supply with taxes only for companies, he / she work with the information provided. He / she can dig further information, but for most of the tax table.

A common area of the costs for companies significant amounts of taxes, registration is incorrect or insufficient coverageResource which must be reflected on the financial statements of the company.
The advantage is a good thing that the company after the capital, the authorization can be granted because the wear and tear, installation costs (heavy vehicles) and the demolition allowances.The absent or under reporting of activity and thus a reduction of the deduction d 'tax.

On numerous occasions, the vehicles are used in practice, but in the balance sheet with the names of the owners. A simple transfer of the rescue vehicle at the company the company couldsubstantial taxes. Since the annual wear and allows the company to échéant''pertes and profits.

The lease agreement did not meet international standards of accounting, the creation of a difficult budget situation. Suppose that a company enters into a lease agreement for machinery, with monthly lease repayments. Finance lease should be enabled to consider but most accountants / owner, the lease as a supply of expense.TheCapitalization of the lease means that the additional payment of taxes on the depreciation of the rental of the machine may be required to be in accordance with the "Triple" method of accounting to be shared.

Lease liabilities Flow ........
Financial burdens ..... Flow
Bank (the payment of the claim ).......

Many tax authorities to finance the cost of such subtracted an additional tax. From the above it is clear that the tax advantage forBe.The company would lease plus amortization and in some cases, the cost of financing.

And the revaluation of assets? How many companies to reassess their assets? Assets are depreciated, but if it be scrapped or disposed of should be reassessed. What is it that the oak desk that your grandfather bought the family business for $ 2.00 in 1940? Nobody in their right mind is proposing that the office is worthless. In fact, this study can be worth moresubstantial than your last office. The office should be re-evaluated on cost. Revalued assets also entitles the company to further depreciation tax write off! And scrap business, if there is no further use for them, and demand compensation for the demolition.

Other activities, such as computers or printers, should never be registered in the name of the owner, whether it is now. All assets are in use must be recorded by the columns in a register of activitiesfor the dates of purchase, the cost of the revaluation, depreciation, assets sold / disposed of book value, and above all, their tax value!

Active Control itself, is the active log bed is dominated by many accounting firms. Which led to higher tax assessments.

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