With the increase in competitiveness in several sectors, there was a growing need to improve productivity and find ways to reduce business costs and obtain more competitive prices. A good strategy for this is to understand how to legally reduce company taxes.
There are several ways to maintain behavior in line with current legislation and avoid tax costs. In this way, there is a constant reduction in the company's expenses, allowing it to take advantage of its competitors. If you want to know how to reduce the amount of money you spend on taxes, read on and check out our recommendations!
What is the importance of good cost management in the company?
Part of any corporation's success depends directly on excellent business cost management . In the past, as there were fewer competitors in most markets, it was common to find profit margins of 100% and up to 200% profit on costs.
With the increase in internet access and the emergence of several companies in the same segment, these margins have become increasingly tight, and a profit margin between 15% and 40% is a good margin to work with.
Such a change in price dynamics requires that today's companies have a very efficient cost management, as the profit margin is not so comfortable. The long-term perspective indicates that only businesses that have adapted to gain efficiencies should expand and capture a growing share of their market.
How to legally reduce company taxes?
The tax burden of a business can be one of the biggest difficulties for an entrepreneur, right? Therefore, understanding what the legal mechanisms are to reduce these cash outflows is an important step towards maximizing your profits. Check out how to do this!
Pay taxes without delay
One of the main mistakes made by companies across the country and that provide an increase in the amount paid in taxes is delays. Paying off tax obligations after the due date can generate fines, interest and charges.
In this way, it is important to have a very good organization so as not to forget to pay any tax guide. A good way to optimize this control is to invest in an accounting system that helps you when collecting taxes. By making this acquisition, you can have an effective planning and avoid incurring more costs.
Create a tax plan
One of the most important steps to reduce taxes in a business is to have an efficient tax planning . For example, by structuring a cash flow and having well-established tools, you have a broader understanding of the business and gain the ability to analyze alternatives to reduce these expenses.
To carry out this structuring, it is important to have the help of a good accountant or a specialized lawyer, in addition to having financial and accounting reports that help in this regard. Thus, you avoid errors in such planning and, consequently, avoid possible fines for mistakes.
Make adjustments to the tax framework
One of the important points that can support you in reducing taxes paid by the company is to get the tax framework right. In many situations, opting for a tax regime considering only invoicing can be a bad decision, as other possibilities can reduce the amount paid.
Thus, it is recommended to carry out an annual analysis on what is the optimal situation for the organization, comparing regimes such as Simples Nacional, Presumed Profit and Actual Profit and verifying which alternative represents the best for the business. By doing this, you ensure that the company is always correctly framed and pays the minimum tax return required legally.
Invest in reducing pro-labore
If the company is established in the Taxable Profit regime, opting to reduce the pro-labore and implement a system for distributing profits to all partners is a good alternative.
It is worth noting that this division of the company's results can be performed at any time, as long as it is in a specific contract and that the profits have their accounting entries carried out properly. Therefore, it is important to have qualified professionals when drawing up contractual clauses.
No comments yet