Today it is absolutely essential to have a trusted tax and accounting advisor. That's an idea that virtually all business people share, but why is it so important having a good accountant and tax advisor Whatever the size of our company and whatever our sector of activity? That is the important topic of today's article.
To understand why the figure of an accounting and tax advisor is so important for the smooth running of our business, the first thing we need to find out is What functions This type of company undertakes. As you can imagine, the list of tasks is quite extensive, so we have tried to summarise it in list form, distinguishing between accounting and purely fiscal functions.
Within the accounting section, the specialised staff of the consultancy firm we choose should be proficient in the so-called General Chart of Accounts or PGC. That expert knowledge is fundamental, but additionally, the accountants at the consultancy must have a thorough understanding of the rest of the accounting standards that any company based in Spain must comply with, a regulation that is published and updated by ICAC (Institute of Accounting and Accounts Auditing).
Another essential task we must ask our accounting firm to be intimately familiar with our annual accounts, the dates by which we have to submit, financial statements and year-end closures, etc.
Within the tax area, the consultancy we hire must guarantee us not only that its professionals are fully aware of the General Tax Law, they also have to be able to advise us on the different tax deductions that exist and that we can use to save tax costs in our organisation.
However, in addition to knowing and applying current regulations, a tax consultancy should also be responsible for unavoidable communications with the Tax Agency, a fairly straightforward task for a professional, but one that can become a real nightmare for most business owners who must dedicate themselves to what is truly important: growing your business.
If you've read the summary above about the main functions that good accounting and tax advice performs, you'll no doubt have an idea of Por qué es tan importante to devote time and effort to finding the best advice for our company. There are many reasons, but essentially we could group them into two main categories: save costs and avoid fines and problems.
A good accounting and tax advisor should not only keep our company's accounts correctly, but also help us to managing and saving on daily expenses, to apply for the tax deductions to which we are entitled, to advise us on the different ways in which we can Flexible remuneration that we can propose to our employees, etc.
In recent years, Treasury has intensified its business inspection work. This is all well and good, as all taxpayers must comply with their tax obligations, but we run the risk of failure to comply with regulations due to lack of knowledge or excessive workload. The solution? Have the support of an accounting and tax consultancy that look after our interests and to ensure that we comply faithfully with current accounting and tax regulations.
Now we'd like to hear your opinion: do you think it's worth it invest in good accounting and tax advice? What has been your experience with this type of company? Go ahead, leave a comment.
