Tips for managing SMEs business tax as efficiently as possible

Many people who own SMEs often have doubts. How to do business to save tax as much as possible They also don’t know which techniques to use to plan your taxes correctly. When it comes to making a simple plan to please yourself by paying less taxes. I was afraid that it would become a call for the IRS to come to the office.

As we know very well that The matter of taxes is very difficult, complicated, and there are many details that make many people confused that What should be the plan? What taxes do I have to pay? And do I have to hire an expert? Today, @TAXBugnoms has 5 great tips on how to manage taxes as efficiently as possible for SMEs.

1. Know that… “Business” is not about “personal”.

Generally, business owners often cannot distinguish between “personal” and “business” because they misunderstand. “Business expenses are our expenses” and “Our expenses are business expenses”, so life is such a mess.

Because according to the law, the status of “owner” or “executive” will be considered a “natural person”, completely separate from the “business” with the status of a “juristic person”, plus tax law. (The Revenue Code) also forbids that Do not combine expenses Because it’s against the law.

1. Know that… “Business” is not about “personal”.

Usually, business owners often cannot differentiate between “personal” and “business” because they misunderstand. “Business expenses are our expenses” and “Our expenses are business expenses”, so life is such a mess.
Because according to the law, the status of “owner” or “executive” will be considered a

“natural person”, completely separate from the “business” with the status of a “juristic person”, plus tax law. (The Revenue Code) also forbids that Do not combine expenses Because it’s against the law.

2. Understand… What tax does our business have to pay?

Most business-related taxes are It is divided into two types, namely direct taxes and indirect taxes, each of which The details are as follows

: Direct tax is a tax that is charged directly by us and cannot be liable to anyone, that is, personal income tax. And corporate income tax itself
. Indirect taxes are taxes that we can pass all tax burden to consumers. It consists of 3 main types of taxes, namely VAT, specific business tax and stamp duty.

VAT is a tax that is charged directly to us and cannot be liable to anyone, that is, personal income tax. And corporate income

tax itself . Specific business tax is tax that is collected from specific businesses such as banks, life insurance, pawnshops, real estate business

Stamp duty is tax that is collected from specific businesses such as banks, life insurance, pawnshops, real estate business.

In most cases, SMEs are liable to two types of taxes, namely “direct tax”, which is corporate income tax, and “indirect tax”, which is value-added tax. Therefore, all SMEs business owners must understand both types of taxes as well. that each type is different And when and how are we responsible for filing tax returns?

3. Look for … good experts and consultants.

As I said from the beginning, The story of taxes is a complicated matter. Therefore, looking for a good consultant Or a specialist may be another option that makes doing our business easier than before. Especially if our SMEs business has a good trust

accountant. or a trusted legal advisor May make our business run quickly. And there are no problems with the law and documents that are confusing as well.

4. Plan … pay taxes according to the law.

The best tax planning is to use various tax benefits. to be legal especially the matter of corporate income tax We can choose from various tax benefits. As required by law, such as some expenses that can be deducted twice, etc.

5. Do not be shy … to call the Revenue Department.

For this last point Recommend for all business people that.. If there really is a tax problem or do not understand anything about taxes We don’t need to figure it out for ourselves. but can inquire from the area revenue office in the area where our business is located to prevent misinterpretation problems. legal This could become a problem in

the future, so don’t be shy and don’t be afraid. If we do not do anything illegal. The Revenue Brother doesn’t manage us to die.

Finally… I would like to leave you some thoughts before leaving. Tax matters are like shadows. who follow our business everywhere Don’t even think of running away in vain. But we should find a way to lighten the shadows by being out in the light through the

right tax planning methods. It should be easier, more convenient and time-saving, right?