Analysis to Determine Whether You Are Required to Keep Accounting Records
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Accounting Bogotá
Analysis to Determine Whether You Are Required to Keep Accounting Records
We use the current legal regulations as a reference to determine whether you are required to keep accounting records. We analyze your specific situation with special attention in order to guide you properly and decide together which would be the most convenient way to carry out your activities. We analyze the effects over time of one decision or another in order to prepare forecasts. We indicate the steps needed to implement the decision and suggest the means or tools that will make implementation easier, as well as ways to reduce costs. All of this is done with ongoing support and advice, so we assure you that you will never be alone.
Analysis to Determine Whether You Are Required to Keep Accounting Records
One of the most common concerns among small merchants, independent professionals and even micro-entrepreneurs is knowing whether they are required to keep accounting records for the transactions they carry out. For many, keeping accounting records is synonymous with paying taxes, government oversight, administrative burden and additional expenses. Although the law clearly determines who is required to keep accounting records, accounting should not be treated only as an obligation, but as an effective tool that allows you to know in detail your professional performance and economic reality at a given moment, as well as your permanence in the market. It also enables proper decision-making, corrective adjustments and the availability of evidence.
Is your accounting behind?
If you are required to keep accounting records and have not implemented them or do not have them up to date, now is the time to do so. Accounting records are necessary and essential to produce real and reliable financial information. With this information, national and municipal taxes can be filed accurately and on time, including income tax returns, VAT, withholding tax, Industry and Commerce tax, and others. It is also used for the renewal of commercial registrations before the Chambers of Commerce and the Single Registry of Proponents (RUP).
Although the above is important to avoid tax penalties, accounting information is even more important because it allows companies or individuals to know their true financial condition, make the right decisions at the right time and maintain sound financial health for the business.
As a business owner, you should focus your efforts on developing your company’s operations; we take care of the accounting and financial information.
Remember that we treat your accounting matter, situation or problem as our own in order to solve it quickly.
Contact us:
310 558 91 17 - 313 821 48 03
