Common tax-related risks in current account:
Risk of bad debt provision for accounts receivable
According to the regulations, the unapproved reserve expenditure shall not be deducted, and the bad debt losses that meet the regulations and are approved by the tax authorities can be deducted before tax.
Risk of shareholders' borrowing
According to the regulations, if an individual investor borrows money from his investment enterprise in the tax year, and it is neither returned nor used for the production and operation of the enterprise after the end of the tax year, the unpaid loan can be regarded as the dividend distribution of the enterprise to the individual investor, and personal income tax is levied according to the items of "interest, dividend and dividend income".
Unrecoverable accounts payable and income not carried forward.
According to the regulations, income from property transfer, debt restructuring, income from accepting donations, payable and unpaid income, etc. Unless otherwise specified, both monetary and non-monetary forms shall be included in the annual calculation and payment scope of enterprise income tax.
Risks of outstanding loans between affiliated companies
According to the regulations, units or individual industrial and commercial households provide services to other units or individuals free of charge, except for public welfare undertakings or those facing the public, which are regarded as sales services.
Enterprises should establish an appropriate internal control mechanism for current accounts, do a good job in the examination and approval of credit sales, separate powers and responsibilities, check customers' credit in time [KEY_ 14], and safeguard their legitimate rights and interests through legal means and other means if they fail to fulfill their repayment obligations.
Enterprises should check accounts regularly and solve problems in time to ensure that accounting problems and risks do not accumulate in the current period.
Enterprises should settle accounts in time at the end of the year and borrow again next year to avoid long-term losses. If the other enterprise is short of funds for a long time, you can consider the way of debt-to-equity swap, and the debt-to-equity swap.
How much is the agency bookkeeping? Looking for Mande enterprise service, the company is safe and efficient, and the tax consultant is professional. Mande enterprise service is a one-stop service expert.