The bill, cash flow and working capital are terms that are part of the everyday life of many companies. But. Do you really know the importance of these and other words and expressions to legalize your business?
In the pressure for better results, some entrepreneurs leave fiscal matters. Accountants and side tributaries. And this is where the danger lives. The legalization of a management is a fundamental aspect to be recognized in the market. and conquer more and more customers.
In the most serious cases, fraud was discovered by inspection and a professional. You may have to pay fines and even be prosecuted for tax evasion.
So, read this post and discover practical and efficient advice to legalize your business.
What is the importance of legalizing the business?
Regularized efforts enable the team and partners to pay taxes per day, such as INSS. From that, all contributors have their security rights insured. Avoiding the payment of fines and the performance of the auditing bodies.
Another aspect that seems simple is the regularization of the number of CNPJ (National Cadastre of legal persons). Consumers and suppliers are becoming more demanding when closing contracts.
Making alliances with companies that are not legalized is a very big risk. A customer who does not receive the bill of sale, for example. You have trouble asking for changes or returns. In these cases, you may lose good opportunities to sell more.
And the perks don’t stop there. Even the recruitment of financial resources is facilitated.
Financial institutions have rigorous processes to avoid harm. There are credit and interest systems and special rates for those who work within the law. Just be careful not to make unnecessary debts, okay?
5 Good suggestions for legalizing a company
Then you confer good practice to apply even today.
Performing Tax Planning
Have you thought about paying less taxes without circumventing any laws? Well, that’s exactly what tax planning provides. This tool performs a detailed study of all the company’s tax obligations. Seeking to find legal ways to reduce the values paid.
In some cases, for example, the entrepreneur can delay the payment of taxes without suffering any punishment. This is good for having more money and encouragement to organize internal finances.
It is essential to make a right choice for:
Calculate the taxes correctly.
Understand the limitations of each regime.
Pay taxes to the right organs, on the required dates.
Avoid fines and complications with the audit.
Have an associated counter
The previous topic showed for you how to choose the right tax planning. It’s a fundamental step to legalize the business. Truth? But how do you understand all the issues about legislation and taxes without being a specialist?
As much as these issues hinder the growth of a business. You must respect all the requirements of federal, state and municipal bodies. At that time, the entrepreneur who has an accountant on the front of the competition. and have more time to focus on their growth.
The functions of an accountant go well beyond the protection of fine mesh company. A professional accountant has the knowledge to help you in financial, tax and accounting decisions. From that, you avoid bureaucratic processes in your routine.
So work with a specialist ready to meet your demands. And that is updated in relation to market changes.
It is valid to remember that the use of technological tools is a differential for that association. A counter that adopts cloud systems and invoice automation. For example, it makes it easy to communicate with customers.
Then consider these factors before making any decisions.
Accompany the cash flow
Cash flow is a financial tool that extends the vision of an entrepreneur. It is from him that you accompany the tickets and the exits of money.
It is possible to control through a simple spreadsheet in Excel. Or even the use of robust management software. This depends on the stage your company is in and the complexity of the transactions.
Either way, you should be cautious and record everything that happens in your day-to-day. From the purchase of new cleaning materials to the payment of employees ‘ salaries.
These updates must be routine, such as:
Daily: Expenses made the previous day and scheduling of the next payments.
Weekly: Analysis of what was done last week, doing the bank reconciliation.
Monthly: Comparison between what was planned and what was spent.
Because costs and receipts have different origins, it is common to be confused at first. In order to avoid problems. Create categories (cleaning materials, debt payment, monthly sales). Making the report more complete.
Based on this, cash flow provides the information needed for financial decision-making. Tax and accounting correct and, of course. Prevent the company stay in red numbers and get debts.
Know the requirements of the city Council
Each municipality may have different requirements to release the activities of a company. That’s why it’s important to check with your town hall. Or consult an accountant before opening or legalizing the business.
However, some demands are common:
Respect for zoning: certain activities are not possible anywhere.
Operation Alvan: Document released after the approval of the plant of the building.
Rental contract: Only required in the case of rentals.
Firefighters ‘ award: essential for emergency situations, guaranteeing the safe escape of officials.
Issue Tax Note correctly
When it comes to tax notes, some professionals are left with hair on their feet. Initially, the matter seems complicated. But when you know the basics, you can avoid headaches.
First, know if you are obligated to issue the invoice. The issuance of note is an obligation of all entrepreneurs. The only exception is with who is an Individual microentrepreneur (MEI). and makes sales for individuals. However, if the consumer requires it, it will be necessary to generate an invoice.
That is to say, any sale made in the market must be formalized by means of an invoice.