TAX PLANNING OR HOW TO AUTOMATE BUSINESS ENTREPRENEURS

 Tax reporting is one of the important stages in planning the entire enterprise. After all, the correct calculations depend on the functioning of the enterprise as a whole. Usually, the responsibility for tax reporting is assigned to the chief accountant of the enterprise. This function may rarely be performed by other employees in the state or entrusted with the financial statements of the enterprise.

 The automation of enterprise tax accounting will help reduce the time and resources you spend collecting and submitting information.

 First, you need to decide what tax planning is. Therefore, tax planning is a set of measures aimed at deducting all necessary taxes and payments to budgets of different levels. In other words, tax planning allows you to determine the total amount of taxes that must be paid and what amount of net profit will remain for the enterprise, as well as the timing of the taxes and fees.

 The main tasks of tax planning include: knowing the size of taxes, comparing planned and actual tax payments and managing taxes, analyzing the tax burden on the enterprise.

 Why do you need financial planning and business accounting automation?

• Automation of work will help to reduce time for certain tasks;
• Reporting automation is possible with the help of automated programs;
• Exchange of information and important documents with remote branches of the enterprise;
• The automated system will help to get all necessary statistics of the enterprise in real time;
• In case of error it can be quickly corrected or eliminated;
• Detailed cash flow at the enterprise.

 Therefore, there are many advantages to the automated operation of an enterprise, because computer programs themselves summarize, analyze and formulate financial statements, and the employee only enters the necessary information.

 Advantages of the automated work of the enterprise are:

• absence of technical errors that could result from human factors;
• reducing the time to perform certain operations compared to when they were performed in the usual way;
• creating a single database from which you can get the information you need at any time.

 How to automate the enterprise?

 To get started, a special program must be installed on employees' personal computers. The employees of the company will enter relevant information into this program, and the company management will be able to track it.

 So, to sum up, we can say that tax planning and automation of the enterprise are important elements of the proper functioning of any enterprise. Because tax planning will not only pay you the necessary payments on time, it will also save you time and expenses. And the automated work of the company will help its manager always keep his hand on the pulse and timely monitor the movement of funds and financial condition of the enterprise.