Everyone is wrong. Unfortunately, in such a responsible field of activity as accounting, the human factor is not excluded. The most unpleasant thing is that because of the mistakes of the chief accountant, the company’s management suffers, and it is threatened with high fines during inspections.
Of course, none of us are robots, and if your accountant one day makes a mistake, will that be a reason to fire him? No, the maximum is permissible to punish him with a penalty deduction from his salary. Even better, identify the miscalculation and correct it before the auditors notice. Finally, the most proven option is to outsource accounting. After all, the responsibility of accounting support is spelled out in the contract, and errors, in this case, are almost completely excluded.
When an accountant acts “in the dark” from management
Unscrupulous employees may resort to common practices that superficially create a positive effect on the enterprise. The management knows nothing about them, and then it happens that there are huge overpayments. Indeed, the artificial excess of the tax rate helps to avoid paying penalties, even in case of future mistakes. But the firm suffers differently: it has to look for funds, even take out loans, to cover its debts.
visit us: Accounting and Bookkeeping Services in Australia
There are also reverse situations when an accountant simply illiterately maintains primary documentation: contributions and VAT are not paid, debt accumulates, fines and other inconveniences arise when checking to account. Here are several accounting errors that may affect the work of the company:
- The choice of one-day companies as counterparties;
- Tax evasion, even if unintentional;
- Violation of the deadlines for filing reports, as well as the procedure prescribed by law;
- Understatement of the tax base or erroneous determination of the object of taxation;
- Tax payments without a system and order.
All this often leads to debts, the amounts of which are in the millions. In the worst cases, management can be held not only administrative but also criminally liable. In addition, it is worth remembering the “cost” of such flaws when checking auditors. Although the amount you pay for the voluntary detection of errors will still be less than the number of fines during a tax audit.
Is it worth saving by hiring an accountant?
Let’s not hide the salaries of good specialists at the Moscow labor exchange are high. And many managers of small and medium-sized businesses are simply lost in search of a professional, but “economical” accountant. That doesn’t happen, to be honest! It has been proven more than once that hiring inexperienced accountants leads to a deterioration in the quality of reporting, even if it is submitted to the Federal Tax Service on time.
The only way to save on salaries, but not on the quality of the work performed. Is to hire a specialist for outsourcing: the costs are 3-4 times lower. While the qualifications of the accountants of the Capital Tax Advice are very high. The specialists we work with come to the company with a clean reputation and at least 5 years of experience behind them.
During their recruitment, they pass additional qualifications and receive a well-paid position that stimulates open cooperation with clients. An additional advantage is that the relationship between the client and the contractor is regulated by the Civil Code under the concluded contract.
Read Other: HOW TO FIND A REMOTE ACCOUNTANT
