Accounting plays an important role in the successful management of a business by ensuring accuracy and order in the recording of financial transactions. Professional accountant services are necessary for both entrepreneurs and large companies. Let's look at what services accountants provide and why hiring them is key to effective financial management. See more details here: https://keyfinans.ru/ .
1. Maintaining Accounting
- Accounting for Income and Expenses: An accountant records all of the company's income and expenses, maintaining up-to-date financial records.
- Tax Accounting: Carrying out the accounting necessary for the correct calculation of taxes and timely filing of tax reports.
2. Preparation of Financial Statements
- Balance Sheet and Income Statement: An accountant prepares financial statements such as the balance sheet and income statement, providing a complete picture of a company's financial position.
- Reporting to the Tax Authorities: Preparation and submission of reports to the tax authorities in accordance with legal requirements.
3. Calculation of Payroll and Taxes
- Calculating Employee Payroll: An accountant calculates employee payroll, paying attention to tax withholdings.
- Compliance with Taxation Standards: Calculation and payment of social contributions and taxes on employee salaries.
4. Tax Planning Consultations
- Tax Optimization: An accountant provides advice on optimizing tax obligations, exploring opportunities to reduce tax obligations using legal methods.
- Tax Compliance: Ensuring compliance with tax laws and minimizing the risks of tax audits.
5. Preparation of Reporting for Management Decisions
- Financial Analysis: Conducting financial analysis to assist in making management decisions.
- Budgeting: Developing and monitoring budgets for effective planning of financial resources.
6. Audit and Preparation for Audit
- Audit Preparation: Providing necessary documents and information for internal or external audit.
- Collaboration with Auditors: Collaborates with auditors to ensure compliance with standards and identify potential improvements in financial processes.
Engaging the professional services of an accountant ensures that a company's finances are managed accurately, legally and efficiently, allowing the business to focus on its core focus and achieving its strategic goals.
