How to keep sole proprietorship audit on the general taxation system?

Accounting challenges that sole proprietors are usually faced with are as follows:

• conducting a business activity not listed in the taxpayer’s register, which is fraught with an automatic switch from one system to another;

• lack of understanding of what is net taxable income and when to pay tax for it;

• ignorance of what should be attributed to the costs of sole proprietors operating under the general system.

Situations when a number of serious violations of tax law are found during a tax audit of a sole proprietorship are quite common. It is at this stage that the entrepreneur bears responsibility, which: 

a) interferes with the business directly and takes up a lot of time; 

b) brings a lot of negative feelings during communication with the tax authorities.

To avoid the violations and be a legitimate entrepreneur, our team offers accounting support of a sole proprietorship. What we do and what we save you from:

• We recommend the appropriate taxation system that fits your business activity;

• We write a scheme for the sole proprietorship accounting in order to pay and submit everything on time;

• We plan the taxation of your business ahead of time;

• We supervise all the information in the payer’s personal account, so as not to lose any important information;

• We submit reports without delays;

• We deal with the payroll of employees;

• We provide support during the tax audit to ensure its successful completion.