Understand the importance of financial statement analysis for your business
Most companies are required to prepare and present financial statements. These documents play an important role in evaluating a company’s performance and financial position over a given period. Among the main financial statements are the balance sheet, the profit and loss statement, and the cash flow statement.
Outsourcing finance: what are the advantages?
As a company grows, there comes a point when it becomes impractical to handle all internal demands without implementing major structural changes. Developing existing activities requires investment and the hiring of qualified and trained personnel, which is increasingly challenging in terms of availability, recruitment, and time consumption.
The importance of tax compliance in Brazil for foreigners
Foreign investors face significant challenges in adjusting to Brazilian tax legislation. The complexity of the system and the bureaucracy require specialized resources such as tax consultants and accountants to ensure compliance and avoid penalties. Professionals with local knowledge can help interpret tax laws, identify tax benefits and optimize tax structure.
What are the benefits of an accounting service in the corporate restructuring?
Accounting services include the preparation of reports and financial statements, which are fundamental to corporate restructuring processes. These documents provide important information for managers to make informed decisions based on concrete figures and to prove the company’s financial stability to potential investors.
Main differences in tax regimes
The tax regime refers to the type of taxation to which a company is subject, and defines the rules for taxation of profits and tax reporting obligations. Choosing an inappropriate regime can have serious consequences, such as impacting the company’s financial health. Therefore, it is an important decision to be made when opening a business.
What is the difference between direct and indirect taxes and how do they affect the company?
Brazil is the second country that taxes companies the most. The information is the result of a survey that used data from the OECD (Organization for Economic Cooperation and Development). On average, the tax rate paid is 34%, which is 70% higher than the global average and only 1% lower than Malta, which ranks first.
Year-end closing: what do you need to know about it?
Year-end closing is a busy time for the finance and accounting departments of every company. It involves checking and updating the accounts to reflect all the business transactions, incomes, and other events that have taken place during the last fiscal year.
Accounting for foreign companies and multinationals operating in Brazil
That our fiscal and accounting scenario is complex and full of intricacies, Brazilian companies are tired of knowing. Now, for foreign and multinational companies operating in Brazil, the difficulties seem to be even greater.
How to be up to date with your tax obligations and avoid risks?
Large, medium-sized and small enterprises, as well as every Individual Micro-Entrepreneur (MEI), have a series of tax obligations to fulfill. Without this, these businesses’ operations can be jeopardized. The company can be fined and even shut down. Therefore, being up to date with these obligations is essential to continue operating legally.
Learn all about the abolishment of the DIRF
On July 20, the Official Gazette published the Normative Instruction RFB No. 2096, which deals with the extinction of the Withholding Income Tax Return (DIRF) as of January 1, 2024. From then on, the information will be declared only [...]