Maintaining a company’s tax regularization is essential to avoid problems during inspections. Tax and accounting obligations vary depending on the tax regime adopted and the type of activity carried out by the business. Complying with these requirements ensures conformity with legislation and reduces operational risks.
To better understand, it is important to know the different tax regimes, such as Real Profit, Presumed Profit, Simples Nacional, and MEI. After this understanding, it is possible to delve deeper into the main tax and accounting obligations that every company must follow to maintain its activities legally and in an organized manner.
What are tax obligations and why are they important?
Tax obligations are the duties that companies must fulfill with the government, such as paying taxes, submitting declarations, and issuing tax documents. Failure to comply with these obligations can result in fines, interest, and even the company being listed in active debt, which makes accessing credit difficult and can compromise the business’s reputation.
Some of the main tax obligations include:
– Corporate Income Tax (IRPJ): federal tax levied on the company’s profit;
– Social Contribution on Net Profit (CSLL): federal contribution intended to finance Social Security;
– Social Integration Program (PIS): federal contribution intended to finance unemployment insurance and salary bonuses;
– Contribution for Social Security Financing (COFINS): federal contribution intended to finance Social Security;
– Tax on Industrialized Products (IPI): federal tax levied on industrialized products;
– Tax on Circulation of Goods and Services (ICMS): state tax levied on the circulation of goods and the provision of services;
– Tax on Services (ISS): municipal tax levied on the provision of services;
– Declarations: Declaration of Federal Tax Debts and Credits (DCTF), Digital Accounting Bookkeeping (ECD), Digital Fiscal Bookkeeping (EFD), among others;
– Issuance of Invoices: issuance of electronic invoices (NF-e) to document sales of goods and provision of services.
Technology as an ally in tax management
Technology has proven to be a great ally in companies’ tax management. Enterprise resource planning (ERP) systems automate processes, facilitate the issuance of invoices, generate accurate reports, and ensure compliance with legislation. Additionally, integration with accounting systems and e-commerce platforms optimizes time and reduces the risk of errors.
Tips for efficient tax management
It is essential for companies to know their tax obligations, identifying all applicable requirements for their segment and staying updated on possible changes in legislation. Organizing tax and accounting documents is also crucial, ensuring they are always accessible for consultations and audits.
The use of technology can facilitate tax management, through software that automates processes and improves tax control. Additionally, seeking guidance from an accountant or tax consultant contributes to legal compliance and risk reduction. Finally, well-structured tax planning allows for optimizing the tax burden and avoiding financial surprises.
