Restoring accounting and tax accounting is a simple way out of a difficult situation

The guarantee of effective and successful entrepreneurial activity is professional and competent accounting. But what if, during a certain period, it was conducted poorly or not at all? In this case, one can not do without such a service as the restoration of accounting and tax accounting. Specialists will help cope with the situation of any degree of "neglect" and take up the planning of further development of economic activity.

Companies order this service in the following cases:

• Identification of unreliability of primary information;
• The absence of registers and accounting for transactions for a certain period;
• Incorrect management of tax and accounting records in previous periods;
• Change of chief accountant;
• Loss of important documents;
• After the auditor conducts the audit;
• Before the visit of the tax inspector.

The outsourcer undertakes to restore order in the payment of taxes, establish accounting records and correct existing mistakes, and restore the organization's accounts. Also they must be issued and submitted tax returns and calculated taxes. The company-customer receives significant savings in time and money, as well as the ability to fully focus on planning the development of its core business. That is why it is usually much more profitable to order a service for restoring accounting records and not wait until the situation gets out of control.

Restoration of accounting and tax accounting has the following main objectives:

• Bringing the documentation and reporting of the enterprise in line with the current regulatory and legal acts;
• Restoration of control over the economic activities carried out by the company. Accounting mistakes, as a rule, cause additional expenses in the form of fines and overpayment of taxes.

The maintenance and restoration of accounting will help in this case to quickly get out of a difficult situation and stop violating the current legislation, incorrectly filling out tax returns. More often it is much easier and cheaper to hire specialists than to try to cope with all the problems yourself. In addition, the restoration and management of accounting by a third-party company reduces the risk of errors, and eliminates the need to search, hire and pay staff of accountants.

The main stages of the procedure

• Studying of accounting documentation and assessment of its condition;
• Preparation of the report and provision of recommendations;
• Drawing up a program for the implementation of the procedure;
• Restoration of accounting and tax accounting in the enterprise;
• Preparation of the corrected documentation.

At the first stage, the current state of affairs in the organization and the state of its financial statements are actually assessed . Further, there is a restoration of accounting and tax accounting, and at the last stage, recommendations are given for documenting business operations in the future.