As an enterprise boss, mastering the knowledge of finance and taxation is crucial to the development of the enterprise. The following are 8 points of financial and tax knowledge that the boss must master:
1、 Tax registration and tax declaration
From the date of obtaining the business license, the enterprise needs to go to the tax authority for tax registration, and start to declare and pay taxes in the next month. Tax registration is the basic procedure of an enterprise. Only when tax registration is completed, can an enterprise carry out its business activities normally and pay taxes according to regulations.
2、 Risk of zero tax declaration
Long term zero tax declaration will be incorporated into the risk monitoring system, and the market supervision and administration department will revoke the business license after more than six months. Enterprises need to make tax returns regularly and pay taxes in time to avoid unnecessary risks.
3、 Importance of financial books
The financial account book is an accounting book that meets the requirements, rather than any daily book. In terms of taxes involved, there are generally value-added tax, enterprise income tax surcharge, individual income tax, stamp tax, etc. Enterprises need to maintain financial account books reasonably to ensure that the account book records are accurate and comply with regulatory requirements.
4、 Inspection and inspection by tax authorities
The tax authorities will inspect and check enterprises to ensure the legality and fairness of tax revenue. The enterprise needs to operate in compliance with the law, cooperate with the tax authorities in the inspection and inspection work in a timely manner, and ensure the legitimacy of the enterprise's operation.
5、 Profit and loss of the enterprise
At the end of May every year, a summary is made to calculate the profit and loss of the enterprise in the previous year, which is the focus of the tax bureau's inspection. Enterprises need to reasonably control costs in business activities, increase profits, and do a good job in tax declaration to ensure tax compliance.
6、 Criminal offence of buying and selling invoices
Buying and selling invoices is an illegal act and a criminal offence. Enterprises must not engage in the purchase and sale of invoices, otherwise they will be subject to legal sanctions.
7、 Type of invoice
Invoices are divided into special VAT invoices and ordinary VAT invoices. Enterprises need to select corresponding invoice types according to their own business conditions, use invoices reasonably and do a good job in invoice management.
8、 Enterprise tax type
The types of enterprise tax payment are divided into small-scale taxpayers and general taxpayers. The difference is that the VAT collection methods are different. The simple collection method is applicable to small-scale taxpayers, while the general taxpayers need to pay VAT in accordance with the provisions of general VAT taxpayers. Enterprises need to choose appropriate tax types according to their own circumstances and pay taxes in accordance with relevant regulations to ensure tax compliance.
In addition to the above 8 points, as an enterprise boss, you also need to master some other financial and tax knowledge:
1. Tax planning: enterprises need to carry out tax planning according to their own conditions and tax policies to reduce the tax burden reasonably.
2. Preferential tax policies: enterprises can enjoy preferential tax policies according to relevant policies, such as high-tech enterprises and small and micro enterprises.
3. Tax litigation: If there is a dispute between the enterprise and the tax authority in terms of tax declaration, tax payment, etc., the dispute can be resolved through tax litigation.
4. Tax agreement: The enterprise can sign a tax agreement with the tax authority to agree on relevant tax matters and reduce tax risks.
5. Tax agency: if the enterprise does not have tax professionals, it can entrust a tax agency to handle tax matters on its behalf to ensure tax compliance.
In a word, the knowledge of finance and taxation is very important for the development of enterprises. Enterprise bosses need to carefully study and master relevant knowledge, and operate in compliance with regulations and avoid taxes reasonably in enterprise operation.
