Maintaining the tax regularization of a company is essential to avoid problems during audits. Tax and accounting obligations vary according to the adopted tax regime and the type of activity carried out by the business. Meeting these requirements ensures compliance with the legislation and reduces operational risks.
To better understand, it is important to know the different tax regimes, such as Actual Profit, Presumed Profit, Simples Nacional, and MEI. After this understanding, it is possible to delve into the main tax and accounting obligations that every company must follow to maintain its activities legally and organized.
What are tax obligations and why are they important?
Tax obligations are the duties that companies must fulfill before the government, such as paying taxes, submitting declarations, and issuing fiscal documents. Failure to comply with these obligations may result in fines, interest, and even the company's registration in the active debt registry, which hampers access to credit 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 aimed at financing Social Security;
- Social Integration Program (PIS): federal contribution aimed at funding unemployment insurance and salary bonus payments;
- Contribution to Social Security Financing (COFINS): a federal contribution aimed at financing 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;
- Service Tax (ISS): municipal tax levied on the provision of services;
- Declarations: declaration of Federal Tax Debts and Credits (DCTF), Digital Accounting Bookkeeping (ECD), Digital Tax Bookkeeping (EFD), among others;
- Issuance of Invoices:issuance of electronic invoices(NF-e) to document the sale of goods and the provision of services.
Technology as an ally in tax management
Technology has proven to be a great ally in companies' tax management. Enterprise management systems (ERPs) automate processes, facilitate the issuance of invoices, generate accurate reports, and ensure compliance with legislation. Furthermore, 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 understand their tax obligations, identify all requirements applicable to their sector, and stay updated on possible legislative changes. The organization of fiscal and accounting documents is also essential, ensuring they are always accessible for consultations and audits.
The use of technology can facilitate thetax management, through software that automates processes and improves tax control. Additionally, having the guidance of an accountant or tax consultant contributes to legal compliance and risk reduction. Finally, a well-structured tax planning allows for optimizing the tax burden and avoiding financial surprises.