Why do you need an accountant for your business?
Tax optimization consists in reducing a company’s taxation by resorting to legal regulations. In order to achieve this, it is important to know the rules of corporate taxation. Although it is possible to do it yourself, it is recommended to entrust it to a professional to ensure good management of your accounts. Why do you need an accountant for your business? How do I choose the right one for me?
Why Hire an Accountant to Optimize Your Business Taxation?
Tax optimization consists in using the margins provided for by law reduce trade tax. The latter is done in compliance with tax regulations and ensuring optimal protection of their interests. Enforcing an optimization is a complex process that requires the intervention of a professional in the field. The auditor has the necessary knowledge of tax laws and case law to be able to provide you with competent support. This professional is able to offer you concrete solutions that will help you reduce your taxes while respecting the law.
In order to intervene, the auditor makes a diagnosis of your company in the financial and tax area. This diagnosis allows him to detect errors or anomalies that you may not have been aware of and that affect the development of your business. It will also help you with the setup Best practices in your organization to facilitate tax optimization.
How do you find the right accountant for you?
Here are some criteria that can help you find the accountant that’s right for you.
Profile and reputation of the accountant
To find the right professional for you, make sure they are registered with the OEC. You can check this Registration on the Order of Chartered Accountants website (OEC). Also, make sure he has a State and IRS recognized Chartered Accountant Diploma (DEC). In addition, on the site you can see the opinions of former customers, which will give you an idea of the quality of services and good reputation of the company.
Geographic proximity of the accountant
When choosing an auditor, also consider the location of their office in relation to your structure. A professional close to your business can more easily step in to help you in the event of a problem. Independent entrepreneur, business founder or manager de SARL, you can, among other things, opt for an online accounting specialist in order to be able to intervene quickly and not have to constantly travel to a company if necessary. This saves you time for your company and you can always rely on the help of your accountant to find an immediate solution to a problem. You can also benefit from his advice when making important decisions.
Accountant’s computer equipment
Before choosing an accountant, make sure they have the technical means you need. It is important that he masters the computer accounting tools in order to be able to offer you solutions to optimize your company’s taxation. privilege a professional offering online accounting software to drive the development of your company. Generally speaking, this software allows you to create a real-time dashboard and manage your company’s accounts from your mobile device.
Choose a professional that suits your needs
Accountants generally specialize in different industries. It is necessary that Your tax advisor knows the rules of taxation that regulate your field of activity to help you. Don’t hesitate to ask him about his areas of expertise to make your choice.
Availability and responsiveness of the accountant
The auditor has an advisory function and must therefore be available and approachable for you at any time in the event of a problem. He must be able to help you solve your accounting problems in real time. In addition, it must be able to inform you about changes Accounting, legal, social and tax law.
The tools used by the accountant to lower your company’s taxes
In order to control the tax optimization of companies, accountants use different tools:
- the tax credit,
- tax reduction,
- the tax deduction
- tax exemption,
- recourse to debt.
You use too Provisions for exemption from real estate tax to lower taxes.
Credit, tax credit and tax deduction
The accountant has mastered the techniques to be used so that you can benefit from a tax credit, tax reduction and tax deduction.
A tax deduction is an amount that can be deducted from your tax income. The deduction can be made on your total gross income (child benefit). It can also be paid on one of your categorical incomes (professional expenses of your salaries and wages).
The tax reductionThis is an amount that is deducted from your tax base. This only applies if your company has to pay taxes.
The tax credit is also an amount that will be deducted from your tax base amount. Unlike the tax credit, this can be refunded in whole or in part if the amount exceeds the amount of your tax or if you are not taxable.
Tax Exemption and Debt Recourse
L’tax exemption is a mechanism that may allow you to be partially or totally exempt from paying a tax. There are different types of tax exemption. These vary depending on the legal form, activity or result of a company.
The recourse to debt can also be a tax optimization strategy for the company. A wise use of debt can reduce the company’s tax base and hence its tax burden. If this strategy is misused, it can result in a deficit for the company. The auditor is in the best position to advise you on how to proceed with the implementation.
Provisions for exemption from real estate tax
The exemption from property tax consists of make an investment in rental properties to benefit from a tax reduction. This lowers the amount of income tax for a period of time. The tax credit granted varies depending on the system chosen (Pinel law, Censi-Bouvard system) or the investment made by your company.
>
The auditor prepares and examines the annual financial statements of your company
An annual report is an accounting document that provides information about the position of a company. This is particular from the state of the company’s financial structure, the composition of its assets, evaluating its performance and measuring its profitability. It allows a clear and structured summary of the events that have affected a company throughout its existence, as well as the transactions it has made with third parties.
The chartered accountant has the necessary know-how to support you in the preparation of the financial reports of your company. These consist of three main financial tables. These are the income statement, the balance sheet and the notes.
Profit and Loss Account
The income statement allows Measure a company’s profitability during a billing period. Typically, several sub-results are highlighted to identify company performance at different levels. These are the operational level (the company’s activities), the financial level (investment policy for excess liquidity) and the long-term area (long-term event).
accounting balance sheet
The record allows know the origin of a company. This makes it possible to compare, on the one hand, what the company owns (assets sorted by decreasing liquidity: fixed assets, inventories, accounts receivable, etc.) and, on the other hand, what it owes (liabilities, financial liabilities). , etc.). It is often conducted at the end of the company’s fiscal year.
accounting appendix
The appendix is a descriptive note to help with this Complete the quantified information on the balance sheet and income statement. It allows you to get an overall view of your financial statements to provide additional information or material discrepancies where necessary. It provides useful information for a good understanding of the company’s accounting.
The auditor keeps your company’s accounts
The chartered accountant takes care of the accounting of the companies he works for in real time. It can help you create useful management reports that present key indicators such as:Cash flow, sales results, profit or loss. This gives you a global overview of all your company’s income and expenses. You can make important decisions for the operation of your company.
Over and beyond, optimize corporate taxation is a complex process that takes a lot of time if you do it yourself. In addition to the high risk of errors, this prevents you from devoting yourself to other tasks that are essential to the operation of your company. Hiring an accountant will save you time.
This professional can help you optimize the taxation of your company in less time. This allows you to pay special attention to other aspects of your businessImprove your productivity. This may include human resources management, team management or negotiations with partners (suppliers, customers), among others.
