Ax management is one of those subjects that, for most entrepreneurs, is complex, isn't it?! However, it is a vital area for the company's health.

Without efficient fiscal management, problems may arise with government oversight bodies in all spheres, in addition to the risk of financial losses and, in extreme cases, even the premature closure of the business due to financial and tax issues.

The good news is that, with adequate information, adequate planning and a little organization, combined with tools and technologies, it is possible to carry out effective tax management in your company, regardless of the size or sector in which it operates.

What is fiscal management?

Fiscal management is the set of obligations, activities and procedures to deal with tax and financial issues that every company needs to execute efficiently. 

There are many responsibilities involved in tax management, such as tax obligations, compliance with legal requirements, the correct calculation and payment of taxes, as well as the search for strategies that optimize the tax burden and avoid problems with supervisory bodies.

Why is fiscal management essential?

Tax management is an essential pillar for the success of any business, especially considering the complexity of Brazilian tax legislation. Through it, you ensure compliance with all tax obligations and avoid problems with sanctions and fines that could harm your company. In addition, good tax management can bring strategic benefits to your business.

Let's understand this with practical examples:

Choosing the appropriate tax regime : even before opening the business, it is important to define the tax regime that best fits the characteristics of your company. For example, if you are a small individual entrepreneur, you can opt for Simples Nacional, which simplifies tax collection. If your company has higher revenues, Presumed Profit or Actual Profit may be more advantageous. The correct choice avoids excessive tax payments and contributes to the financial health of your business. Organization and recording of operations : efficient fiscal management requires adequate [b][url=https://www.latestdatabase.com/belgium-phone-number-list/]Belgium Phone Number List[/url][/b] recording of all your company's financial operations. This includes issuing invoices , controlling purchases and sales, bookkeeping, among other records. Keeping this information organized is essential to prove the legality of operations, avoid errors and have precise financial control .

Tax planning : seeking tax planning strategies allows you to legally reduce the tax burden. For example, knowing the possibilities of tax deductions and incentives available for your segment can contribute to the reduction of taxes to be paid. Additionally, tax management can identify tax offset opportunities, such as taking advantage of tax credits.

[b][url=https://www.latestdatabase.com/belgium-phone-number-list/][img]http://emaillists.me/wp-content/uploads/2023/08/Belgium-Phone-Number-List.jpg[/img][/url][/b]

It is important to highlight here that the support of specialized professionals, such as accountants, is essential for efficient tax management. They can guide you on tax obligations, help you choose the most appropriate tax regime and ensure full compliance with legislation.

Therefore, do not view tax management as just a bureaucratic obligation, but rather as a strategic tool to boost the growth and financial health of your business!

What are the functions of the tax area in a company

The main function of the tax area in a company concerns the bookkeeping and calculation of taxes. To this end, this area carries out the following activities.

Tax receipt and writing

In Addition to Physically Receiving the Goods At your Company, It is NECESSARY to Carry Out the Tax Receipt. IES the Product and Recording It Accordingly. This Record Allows you to Control Inventory, Determine the Cost of Products, Calculating taxes and prepare financial reports, such as accounts receivable and payable.

All invoices issued by the company must be filed, even if electronically, for verification or later verification, if necessary.

Tax calculation

The payment of taxes is an obligation, and the lack of entry or wrong calculation can lead to serious problems for the company, such as sanctions, fines and even loss of resources for choosing the inappropriate tax regime. Therefore, as mentioned previously, the work of the tax area begins with defining the method of calculation.