Having knowledge on the subject and knowing how to manage the taxes that will be paid by the company is directly connected to the expansion of its business and the reduction of unnecessary costs, in addition to contributing to the prevention of extraordinary expenses, such as fines and administrative sanctions, and to the process decision-making. In view of this, the first step is to understand the importance and the need for a tax management consultancy.
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You may be spending more money than you should
The first, and probably the most important, reason for tax management is that you may be paying more tax than you should. Spending more than necessary does not necessarily mean that you paid the same amount twice, but that you could be paying less to get the same result. Given the need to manage your company and take care of several other areas, such as signing contracts, managing employees, attracting customers, etc., it is understandable that there is no time to study the best ways to pay your tax obligations.
Even if you are sure that you are not paying any extra taxes, there is a possibility that you may have paid a lower fee, tax or contribution. In this situation, your company is at risk of being fined, sued or fined. In this case, using the Income tax calculator is perfect.
Enables resource savings and even gains in tax benefits
Even though all taxes are being paid correctly by your company, without an efficient and strategic tax management, you may be missing out on tax credits and benefits. Individualized issues, to be evaluated according to the business purpose of your business, the location in which it is inserted and other legal factors, must be taken into account to verify if your company fits into any of the possibilities of tax exemptions or reductions in the rates.
You have predictability and are reassured
The entrepreneur of the contemporary world is multitasking, and 24 hours a day is insufficient to manage all his professional obligations and still reconcile with personal demands. On the other hand, having the peace of mind of not having to worry about your company’s tax obligations is invaluable. The predictability of the amounts that must be spent for the payment of taxes helps in provisioning, and the saving of time and dedication provides the complete directing of your attention to other segments of the company.
Assists in making strategic decisions
Another way to save resources with efficient tax consultancy is to use the information and data collected to make strategic company decisions. A practical example of how this can be applied is when it is necessary to define the location of the opening of a branch or purchase of a certain input and taking into account the tax burden that will be imposed.