What are the most common mistakes in Digital Tax Bookkeeping for IT companies?
Discover the most common errors in tax bookkeeping for information technology (IT) companies and learn how to avoid them to ensure compliance and efficiency in accounting records. Learn about good practices for digital bookkeeping safe.
The transition to digital tax bookkeeping (Sped Fiscal) brought innovation to tax records, but also increased complexity, requiring extra attention to avoid irregularities. From now on, we'll look at the most common mistakes made by Information Technology (IT) companies when completing their tax obligations and how to avoid each of them.
Incorrect use of codes
A frequent misconception is the inappropriate use of codes, compromising correct tax bookkeeping. Correct categorization, especially in operations such as issuing Electronic Consumer Invoices (NFC-e), requires attention. Check the corresponding codes before shipping to ensure suitability.
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Incomplete data in Electronic Invoices (NF-e)
O insufficient filling in of data in NF-e can result in inadequate submissions and tax irregularities. Align accounting with management, guaranteeing tax information, accessory obligations and complete freight for effective tax bookkeeping.
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Lack of detailed description of products/services
A lack of complete product/service descriptions compromises the quality of tax information. Avoid being too concise; provide details such as type, value, dimensions and materials to avoid problems with inspections.
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Incorrect filling in of numeric fields
Numeric fields must be filled in correctlyno invalid characters. Avoid improper use of dots or dashes, using commas only for decimal numbers. Proofreading is essential to eliminate numerical representation errors.
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Omission of unused or canceled invoices
In addition to recording invoices issued, it is crucial to include those that are unused, canceled or not approved. Omissions in this respect lead to tax inconsistencies. Keep a complete record, regardless of the continuity in the invoicing process.
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No values in mandatory fields
Mandatory fields, even without values, require completion. Leaving these fields blank can prevent the bookkeeping from being sent properly, resulting in rework and wasted time. Pay attention to the fields indicated as mandatory and, if necessary, enter the value "0".
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Invalid digital certificate
The final signature of digital tax bookkeeping requires a valid digital certificate. Failure to do so, whether due to inadequacy, expiry or absence, compromises the veracity of the data. Look for recognized certifiers to guarantee a secure and adequate solution.
Unfamiliarity with the new filling rules
Not knowing about legislative changes is a serious mistake, as the new rules may include additional blocks, codes or obligations. Before starting the process, make sure you're up to date to ensure you fill out the form in line with current regulations.
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Tax efficiency and compliance
To ensure tax compliance and efficient bookkeeping, having a qualified accounting firm makes all the difference. A truly specialized team should offer expertise in accounting services for IT companies. Assuming that CLM Controller provide for IT companies, this guarantees efficiency and tax compliance.
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