Why do you need to hire an accounting firm?
The phrase, by Benjamin Franklin, exemplifies in a very simple way the importance of a business having a healthy financial life. However, many entrepreneurs still do not understand how this can be strategic and how an accounting firm can be essential in this journey.
Therefore, in this article, you will understand how accountant in Faerie Glen in Pretoria 0081 can help your business and what are the advantages of hiring one. Interested in the subject? So, read this article to the end, because here you will find valuable information for your venture.
After all, what does an accounting firm do?
He will be responsible for helping the entrepreneur to comply with all his legal obligations; regularize company taxes; balance the accounts; organize documents; take care of bureaucratic processes and much more.
To carry out all the tasks, the office is usually divided into a few sectors: legalization, tax, accounting, personnel, etc. Each one is responsible for developing tasks in their area. Below we will talk a little more about some of these tasks!
Company opening
The legalization sector, within the accounting office, is responsible for carrying out all the bureaucratic processes to open a company . It also acts when it is necessary to make any changes or close the enterprise.
Hiring and firing
The personnel department is responsible for managing the admission and dismissal of employees; prepare the payroll and ancillary obligations, such as PIS, RAIS, CAGED, GFIP, INSS and IRRF. In addition, professionals in this sector can also terminate the contract and provide advice on union issues.
Record of financial transactions
The tax department of the accounting office records the company's financial transactions. In other words, everything that enters and leaves is recorded and analyzed so that there is no mistake and that there is also control over the company's financial life.
Tax planning
Through financial planning, it is possible to reduce the costs of paying taxes . This can be done legally, as US laws have many loopholes that allow reduction. However, only an accountant will have the necessary knowledge to be able to identify these gaps and carry out the appropriate planning for your company.
