20 irreparable mistakes when submitting a tax return
Taxpayers, especially large taxpayers, sometimes do not pay attention to very simple points in preparing tax returns, which can be an irreparable penalty for them.
In this article, 20 fatal and irreparable mistakes are discussed when preparing and submitting tax returns.
1- Failure to pay attention to the SMS of the Tax Affairs Organization (postal code and address error in the tax area with the system of Article 169 of the Civil Code)
2- Not paying attention to the increase or decrease of capital without following the formalities of the commercial law
3- Failure to pay attention to annual adjustments according to the instructions of the Tax Affairs Organization and accounting standards
4- Failure to receive correct calculation information from Article 151 of the Civil Code and applying specific adjustments related to it
5- Failure to pay attention to the instructions for received facilities (interest) and partners’ current account along with failure to pay attention to the facility contract (separation of this year and future years)
6- Failure to pay attention to partners’ current account balances
7- Momentary negativity of cash and bank accounts
8- Non-compliance of circulation, circulation of manufactured goods, with inventory heading, cost of goods sold, non-compliance with acceptable inventory valuation systems in accounting (FIFO and weighted average)
9- Non-observance of currency exchange guidelines issued by the Tax Affairs Organization and the guidelines of Accounting Standard No. 16 (the exchange rate of monetary items is emphasized in the balance sheet)
10- Non-observance of standard guidelines number 13 and not having interest expense (asset additions) or profit and loss
11- Failure to comply with the classification of expenses registration according to articles 147 and 148 of the Civil Code.
12- Lack of information about row 16, article 20 of the regulations on writing books
13- Failure to pay attention to Article 18 of the Bookkeeping Regulations (Chapter 4)
14- Non-compliance of income and expenditure on 3 control systems of tax affairs
15- Failure to pay attention to the legal exemption of Articles 132 and 81 of the Civil Code. Regarding the exempted activities that must be completely compliant and legal (Accountants social network channel)
16- Not paying attention to the compliance of the proforma payment amount with the information contained in the customs declaration
17- The non-compliance of the purchase value added tax account balance (tax credit) and sale in the fourth 3 months
18- Non-observance of guidelines No. 6 of the accounting standard regarding the method of applying the legal reserve at the end of the year
19- Not paying attention to the periodicity of revaluation of fixed assets and the guidelines defined in standard No. 11
20- Lack of mastery of the method of identifying operating income and the related compliance of its cost center
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