Managing a company, regardless of its size, is never easy. Managers need to make decisions daily that, to a greater or lesser extent, will affect the direction of the company and the routine of all employees. Therefore, there are many flows and scenarios to be observed, making the delegation of tasks crucial for good management and tax consultancy offers your company benefits in these cases.

Having accurate information becomes even more valuable, as the credibility of the data will offer confidence and a real basis for making decisions. Thinking about good management, it is increasingly common to hire consultants to evaluate and investigate possible improvements within companies.

What does tax consultancy offer for your company?

Tax consultancy offers your company financial and accounting data strategically applied to the business model. The survey developed by the tax consultancy evaluates, as can be seen from the term itself, the taxes paid by the company. It is not uncommon for companies to end up paying taxes unnecessarily, causing higher costs and losing a valuable part of their revenue.

Therefore, tax consultancy offers your company where you can optimize your tax payments, enabling cost reduction and preventing financial crises. This reduction in tax charges makes it possible to reallocate amounts to other investments.

It is also common for tax consultancy to help in the assessment of direct and indirect taxes. Often, the company can count on tax benefits and incentives, reducing certain types of taxes.

Tax consultancy also offers your company help with planning and management, both by monitoring legislative changes, helping with the necessary payments in relation to the Tax Authorities, and also by enabling the construction of a more sustainable future for the company's finances.

In a country like Brazil, where complaints about high taxes are constant, tax consultancy is a smart alternative to avoid unnecessary costs and increase your accounting efficiency. I try to reduce costs, the company becomes more competitive and stronger to gain new market shares.

Why hire a tax consultancy? 

Taking into consideration the points mentioned above, it is possible to clearly see that tax consultancy is invaluable. After the initial investment, tax consultancy offers your company a long-term cost reduction that will last for many years. Furthermore, it provides a reliable source of information for leaders, investors and partners.

Learn more about opportunities involving tax incentives and how TATICCA can help in the process.

In the face of market crises and difficulties, knowing how to take advantage of each opportunity is essential to remain competitive and maintain business growth in a sustainable manner. Among the possible resources that entrepreneurs have at their disposal, one of the main ones is the possibility of counting on tax incentives. But, after all: do you know how your company can count on tax incentives or haven't you thought about it yet?

What are tax incentives? 

An important aspect that tax consultancy offers for your company is assistance in taking advantage of tax incentives. Many states and municipalities offer tax incentives to companies as a way of generating investment attractiveness in the region. The strategy is good for both parties. On the government side, they are able to bring business to the region and enable the creation of jobs and movement of the economy. Companies, in turn, have a relief from their tax burden and are able to allocate their resources to strategic areas of the business.

Tax incentives can reduce or eliminate a tax burden referring to a market segment or activity, whether directly or indirectly. There are different forms of tax incentives, some of which we can highlight. It is necessary, however, to recognize the intrinsic tax incentive for your business.

How to recognize and use tax benefits for companies? 

TATICCA has a team prepared to assist business owners and administrators in evaluating the most attractive regions for implementing their respective activities. Our service also includes support in preparing a claim for presentation to the tax authorities.

Tax planning consists of using accounting strategically. In this sense, one of the most relevant roles played by consultancies stands out, which are dedicated to the careful and responsible assessment of all points involving your company, such as expenses, costs and taxes. In this way, all movement of the company's values ​​is analyzed in detail and, based on the data collected, graphs are created that will represent, in a clear and didactic way, the current situation in which the company finds itself. In other words, based on this research, it will be possible to assess how much is spent, what types of costs are, how to reduce them and in what way. Therefore, it is extremely important that the analyzes are carried out in an organized and successive manner, so that the desired result is achieved efficiently, quickly and safely.

The surveys are carried out in stages: 1) diagnosis of the value chain; 2) strategic planning; 3) review of processes; 4) sales and operations planning; 5) strategic sourcing; 6) shared services center; 7) zero-based budgeting; and 8) indicator management.

The steps of tax planning

And how does each stage of tax planning work? Below, we offer a synthetic explanation of each of these phases:

  • Value chain diagnosis: in this first moment, a group of experienced consultants will go to the company. Subsequently, a series of activities will be developed in order to analyze the company's performance, in a short period of time, and, with that, the current situation in which the company finds itself will be X-rayed.
  • Strategic planning: is one of the most important factors for the success of a company. In this stage, we calculate the risks and establish goals to be achieved and the objectives to be achieved. The focus is not only on the pursuit of these objectives, but especially on the formulation of a planning structure to achieve the goals and objectives, that is, to put into practice the actions that will generate positive results. In this context, it is essential to be prepared for any difficult moments in the market, such as changes in customer profiles, product demand, among other obstacles. However, all risks must be calculated with the greatest possible security for the investment.
  • Process review: a periodic review is carried out to verify the real structural arrangement of the company and, if necessary, adaptations to the adopted market model will be suggested.
  • Sales and operations planning: like the previous steps, the planning must also be applied to the sales area, which will allow the identification of new opportunities and correction of deficiencies.
  • Strategic Sourcing: the cost of a company directly interferes in the development of all its areas. When a cost is reduced in one area, the company as a whole wins. This qualitative analysis, therefore, is carried out precisely at this stage. In this way, a survey is carried out in various sectors, such as negotiation, import, freight, storage of materials, qualities and third-party services, in order to identify the types of costs, as well as measure them.
  • shared services center: the search for outsourced services is undoubtedly one of the best practices for cost reduction. It provides the company with benefits such as quality control and greater expansion of other operational activities.
  • zero-based budget: research is carried out in order to display and quantify all costs, which will allow the identification of niches that can be changed and those that are already stable.
  • Management by indicators: the indicators will reveal what should be done to promote the best performance of the company. The implementation of the actions and suggestions offered by the consultancies will provide the company with the maximization of its results and the expected gain in efficiency.

Taxation is an important element when reviewing a company's expenses. Taxes are present in most routine business. They are charged when purchasing from suppliers, when selling to customers and in many other cases as well. However, one question must always be in the minds of businesspeople and financial professionals: are we paying taxes in the most beneficial way for the company? This thought is valuable because changes in legislation and governments can alter previous scenarios, modifying the form of taxation. Monitoring these changes is not simple or routine, and questions about the subject are common.

Understanding more about tax review 

Considering the information above, it is easy to understand what tax consultancy offers for your company and why tax review is important. It serves to re-evaluate all calculations and procedures involving taxes. This action is a great way for large, medium or small companies to protect themselves against tax risks.

The tax review will correct errors and adapt the company in the best possible form of taxation, always being within all legal and legal aspects.

When should you hire a tax review service?

It is always important to remember that the team that carries out activities related to calculating taxes in the company does so on a routine basis and, in most cases, does not just carry out this activity. The fact that the activity becomes a routine brings with it the risk of accommodation in relation to changes in legislation, running the risk of not noticing the changes that would affect the company's taxation.

It is recommended that companies, even having a specialized team, carry out the annual review of their taxes, by an outsourced team that carries out the review with a totally new look and distant from any vices generated by the routine.

In addition to these risks, sometimes the financial team needs help to review taxes and/or resolve doubts regarding ongoing procedures. In these moments, having a specialized audit can be the difference between quick effectiveness and hours spent unsuccessfully.

Tax review through tax consultancy plays a fundamental role for companies and organizations, providing efficient management and tax compliance. This practice involves a detailed analysis of the tax procedures adopted by the company, identifying possible opportunities for savings, mitigating risks and correcting any errors.

The importance of this process can be highlighted in several aspects:

  1. Cost Reduction: The tax review seeks to identify legal opportunities to reduce the tax burden, optimizing the company's financial resources. By analyzing the tax framework, tax credits and other tax benefits, the consultancy can identify areas where savings can be made legally and ethically.
  2. Risk Management: The tax environment is complex and constantly changing. Tax consultancy helps companies stay up to date with changes in tax laws, avoiding risks of non-compliance and sanctions. Furthermore, the identification of possible inconsistencies in tax processes prevents possible assessments by supervisory bodies.
  3. Operational Efficiency: Tax review also contributes to improving internal processes related to the tax area. Identifying and correcting errors in tax records and tax assessments allows the company to operate more efficiently, avoiding rework and eliminating possible sources of error.
  4. Tax Planning: Tax consultancy assists in the preparation of strategic tax planning. This involves analyzing different scenarios and choosing the most advantageous options for the company in terms of tax burden, considering the particularities of the business and changes in legislation.
  5. Competitiveness: Companies that can manage their taxes efficiently gain competitiveness in the market. The cost reduction provided by tax consultancy can be directed towards investments in innovation, expansion or improvements in products and services, which contributes to the company's competitive position.
  6. Legal Compliance: Compliance with tax obligations reinforces the company's image among its stakeholders, such as customers, suppliers and investors. Furthermore, being in compliance with tax laws contributes to building a solid reputation and prevents damage to the company's image resulting from legal problems.

Reviewing taxes through tax consultancy is a strategic practice that goes beyond simply adapting to tax rules. It is a valuable tool for financial management, cost reduction, risk minimization and promotion of competitiveness, ensuring that the company operates efficiently and in compliance with current legislation.

Please contact TATICCA, which provides integrated auditing, accounting, taxes, corporate finance, financial advisory, risk advisory, technology, business consultancy and training, for more information, visit www.taticca.com.br or email taticca@taticca.com.br and find out more. Our company has professionals with extensive experience in the market and has certified methodologies for carrying out activities.