Russia

Accounting restoration services - FCHAIN in Russia

The issues of restoration of accounting and tax accounting arise in a number of specific cases. Therefore, bringing the accounting into proper compliance in such a situation is one of the primary tasks of the head.

Any manager faces the challenge of restoring accounting and tax accounting when accountants keep records with errors, if the company does not have a number of necessary documents, or when records are not kept at all. At the same time, there are no universal rules and certain instructions providing for the procedure for restoration of accounting.

The accounting restoration service is a set of actions by professional specialists aimed at re-forming complete and reliable information in monetary terms about property, liabilities of the organization and their movement through indiscrete, continuous and documentary accounting of all business operations.

The purpose of restoring accounting and tax accounting is to bring the company’s documentation in accordance with the requirements of the legislation of the Russian Federation.

The absence of the necessary documents, as well as the presence of documents drawn up in violation of the requirements of the current legislation of the Russian Federation, involve bringing the head of the organization to administrative, civil and criminal liability.

The goals that managers set for themselves to restore accounting and tax accounting:

  • demonstration of financial stability, positive dynamics of the development of your organization.
  • minimizing tax risks.
  • transparency of financial statements for the bank, the investor and the buyer.
  • preparation of reports before the termination of business.
  • preparation for an audit.

The reasons why you decided to restore accounting and tax accounting:

1. A tax audit is planned.

a) A tax audit can be the cause of a lot of stress to its participants. Besides, the tax office may request documents that are not mandatory.

b) The presence of errors that could have been made when conducting accounting and reporting.

What will the Financial Chain Corporation specialists do?

They will:

  • Provide detailed information on what you should pay attention to when auditing.
  • Provide valuable recommendations on reducing or eliminating tax risks, how to avoid inspections and not attract the attention of the tax inspectorate in the future.
  • Help to interact independently with the tax authorities, saving your nerves and time.
  • Determine the legitimacy of the documents requested by the inspector and will reasonably refuse to provide documents that could involve any adverse consequences for your company or negatively affect the results of the audit.

2. Participation in a tender or bank lending is planned.

Knowledge, time and patience are required when collecting a full package of documents for obtaining a loan or participating in a tender.

What will the specialists of the Financial Chain Corporation do?

They will:

  • Prepare all the necessary reports for obtaining a loan or making a positive decision on participation in the tender.
  • Analyze and give recommendations on the preparation of accounting and tax reporting.
  • Apply various methods to confirm your solvency and liquidity of the business.
  • Put in order documents that may cause close attention of the bank / tender commission.

3. You want to attract investment or sell a business.

What will the Financial Chain Corporation specialists do?

They will:

  • Check, prepare financial statements.
  • Give recommendations on options for minimizing tax risks.
  • Put in order documents that may cause close attention of the investor / buyer.
  • Offer solutions to increase the financial attractiveness of your organization.

4. Liquidation of a legal entity

The manager’s goal is to pass an audit in the tax authorities and liquidate the organization. However, if the accounting was not conducted properly, large tax assessments are possible, which will bring to administrative and criminal liability.

What will the Financial Chain Corporation specialists do?

They will:

  • Collect missing documents.
  • Take an inventory and close all settlements.
  • Provide full accounting and legal support.
  • Provide services to protect your organization in pre-trial and judicial order.
  • Give recommendations on eliminating or reducing tax risks.

5. Preparation for the audit.

It is worth preparing for the upcoming inspection in advance in order to prepare all the documents in accordance with the requirements of the supervisory bodies.

What will the Financial Chain Corporation specialists do?

They will:

  • Prepare all types of reporting.
  • Collect the missing documents.
  • Take an inventory and close all settlements.

6. To put in order bookkeeping based on the results of audits.

What will the Financial Chain Corporation specialists do?

They will:

  • Give recommendations on reducing or eliminating tax risks.
  • Provide full accounting support for your organization in the future.

Consultation

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