If there is one area that requires maximum attention from business owners, it is tax management. Although it does not have the “glamour” of other sectors, such as Customer Service or Sales, the tax department is what guarantees peace of mind for partners and owners.
There is a reason for the high demands on tax management: Brazilian tax legislation. Considered one of the most complex in the world, Brazilian tax legislation is constantly updated, with several laws being created or changed throughout the year.
A bureaucratic scenario that brings great difficulty to many companies, which are unable to keep up with the pace of change and end up without the long-awaited tax compliance.
But how can you succeed in an area where many people struggle? To find out the answer, check out this article we’ve prepared on the subject.
Happy reading!
Content
Why is tax non-compliance a big problem for your business?
Algar Telecom's Tax Management is the solution
Advantages of Tax Management
Tax compliance
Cost reduction
Remote access
Why is tax non-compliance a big problem for your business?
Although the tax burden in Brazil is considered high, compliance with the requirements is something that no company can avoid – regardless of size. Without efficient tax management, everything becomes even more complicated.
It is no wonder that the difficulty in maintaining tax compliance is pointed out by experts as one of the main reasons why micro and small businesses close in their first year of operation. It is practically impossible to maintain a business in the midst of fiscal instability.
The most worrying thing is that many institutions find themselves in this situation not because they deliberately decide not to comply with tax obligations, but because of a lack of legislative understanding.
Limited knowledge of the laws ends up leading to mistaken choices, such as a tax regime that is inconsistent with the company's reality, delays in sending data and information to SPED Fiscal, etc.
As a result, companies end up paying more than they should for cpa email marketing list taxes and are unable to take advantage of the benefits offered by the government. In short, poorly qualified tax management can result in:
business instability;
onerous tax burden;
problems with the tax authorities.
Algar Telecom's Tax Management is the solution
As explained, many of the difficulties faced by companies are related to a lack of understanding of the laws. With little expertise or limited monitoring of changes in the laws, there is a high chance of making the wrong decisions. But how can you stay up to date?
The answer is: using Fiscal Management, the software developed by Algar Telecom that offers complete tax support for your company. An online solution that allows uninterrupted user access.
Tax Management is one of the few solutions on the market that can keep your tax department always equipped with useful information. With over 20.9 million tax rules, and constantly updated, the tool provides answers to your questions immediately – taking, on average, 10 seconds.
Advantages of Tax Management
To understand how much Tax Management can make your company's routine easier, check out some real advantages of acquiring it.
Tax compliance
This is the most obvious benefit and certainly the most important. With Algar Tax Management, you have the support you need to understand national tax legislation and the tax reality in which your company operates.
With prior preparation, errors in decision-making tend to be increasingly smaller, and complete tax compliance is a consequence in the medium term.
Cost reduction
Many companies with tax problems declare bankruptcy because they are no longer able to pay the debts accumulated within that area. However, much of this amount could certainly be avoided with different choices.
By adopting Algar Telecom's Tax Management, your company takes a different path. The tax compliance mentioned in the previous topic provides a scenario in which you no longer spend on fines for late payments or choose the wrong tax regime. In other words, you can reduce costs related to tax issues.
Remote access
In terms of productivity, Tax Management also presents an interesting benefit, offering the possibility of access from anywhere and at any time. Working in the cloud, the software has the same capacity inside and outside your company.