Individual tax consultation

Tax law is complex and multifaceted. When an entrepreneur or a company starts to understand it on its own, it is time-consuming and distracts from direct operational activities aimed at scaling. With this in mind, it is better to entrust legal matters to those who specialize in this. You will find such specialists in the team of Prikhodko & Partners Law Firm. Tax law is one of our specializations, and therefore you can get various services within this area of law. These include individual tax advice, legal support and representation in court.

Individual tax consultation: features

When companies or individual entrepreneurs contact our team for help, we make every effort to provide quality assistance. However, we recommend that you always do so in advance, as it is much easier to prevent problems than to solve them. Our experts have a wide range of knowledge in tax law, so we can provide individual tax advice on a variety of issues. For example:

1. riskiness of the enterprise;
2. reasons for blocking and ways to unblock tax invoices;
3. financial monitoring;
4. the procedure for exporting funds and declaring them;
5. other issues in the field of tax legislation.

Individual tax advice provided by specialists makes it possible to prevent many problems and solve existing ones in a timely manner. Let’s take a closer look at the issues that we are approached with.

Enterprise riskiness

The law provides for criteria by which a company may be included in the list of risky companies. When this happens, the company faces numerous difficulties in its operations. Invoices are no longer registered in the relevant register, counterparties do not receive a tax credit, and a number of negative reputational consequences arise, as people are afraid to cooperate with the company.

As for the key causes of risk, there are several:

• invalid or forged documents during registration;
• transfer of the company to the management or ownership of non-existent, deceased or missing persons;
• lack of real intention of the founders to conduct business activities;
• registration of a company without the knowledge of the founders;
• lack of bank accounts;
• failure to submit VAT reports for the last 2 periods or financial statements for the last period.

Particular attention should be paid to clause 8 of the risk criteria, which refers to the availability of information on the riskiness of a business transaction to the tax authorities. The fact is that the riskiness of a transaction is determined by an automatic program that is triggered by a set of certain indicators. It does not always work correctly, so it is not uncommon for a company to be included in the risky list for no objective reason.

Professional lawyers who specialize in tax law know how to deal with this problem. We will effectively appeal against the decision of the State Tax Service to include your company in the list of risky companies.

Unlocking invoices

The problem of blocking tax invoices or adjustment calculations is very similar to the one mentioned in the previous paragraph. These situations often overlap. Blocking of tax invoices can be appealed in 2 formats:

1. administrative way, i.e. filing a complaint with a higher authority of the State Tax Service;
2. judicial procedure.

Thus, timely application for individual tax advice and resolution of the problem will help to restore the smooth operation of your company without accumulating new complications in your work like a snowball. It is not for nothing that unlocking the invoice and calculating the adjustment is one of our most popular services.

Financial monitoring, withdrawal and declaration of funds

Compliance with tax laws is a subject of interest to regulatory authorities. For example, financial monitoring is carried out by the National Bank and banking institutions to detect cases of money laundering or tax evasion.

Despite the fact that the amount of banking transactions subject to mandatory monitoring starts at UAH 400 thousand, there are often situations when banks have questions about smaller transactions. As for the export of funds, there are also restrictions on the amounts that can be exported without declaring. When advising clients, we answer questions about these topics.

To summarize.

You can order an individual tax consultation from us online or in person by visiting our office. You can also communicate by phone. We work in a format that is sufficiently flexible so that you can choose what you want. Fill out the form on the website and our tax lawyer will contact you as soon as possible.