Tax optimization

Every enterprise, regardless of the form of ownership and type of activity, is legally required to pay taxes to the state. An incorrect approach and various kinds of systematic errors often become the main reasons for increased financial costs due to higher taxes, problems with the law, or at least fines. That is why tax optimization is an important component of any business.

The role of tax planning and optimization

Tax optimization and tax planning currently play an important role in the activities of every commercial enterprise. After all, founders of organizations and entrepreneurs open their own business to earn a profit in the future, not to pay huge taxes to the budget. And although payment of taxes is an obligation of economic entities, and the state strictly punishes tax delinquents for failure to fulfill these obligations, nevertheless each entrepreneur has the right to minimize their taxes by legal means aimed at reducing the amount of tax payments.

It is important to remember that tax evasion of fixed taxes is a serious offense, and under certain circumstances it can even be qualified in court as a criminally punishable act (in accordance with Article 212 of the Criminal Code of Ukraine). However, tax optimization and competent tax planning are used by taxpayers as effective and entirely legal methods of reducing the amount of payments to the budgets.

In our company, tax planning and tax optimization are, first and foremost, lawful, legal, based on careful preliminary forecasts, and the most effective planning of the payment and accrual of taxes to the state budget.

Rules for effective tax optimization

In order for the reduction of the tax burden on an organization to be as effective as possible, it is necessary to adhere to the following rules:

• Principles of tax policy should be based on current legal norms. Therefore, when developing a strategy, it is important to analyze possible changes in legislation, carefully considering mechanisms for responding to any innovations.
• Effectiveness implies choosing the most efficient ways of running a business that allow minimizing taxes while achieving the highest possible profit.
• The chosen optimization methods should not only be feasible during implementation, but also remain controllable throughout their application.
• Tax planning should anticipate potential risks, which allows protecting the company from negative consequences arising from the implementation of the optimization system.
• The set goal must be achieved using all legal opportunities to reduce tax levies.

Criteria for the effectiveness of the implemented tax optimization scheme

The implemented tax optimization system is evaluated in terms of its conformity to the following principles:

• The amounts of contributions do not exceed the norms planned by the enterprise’s budget.
• The developed scheme is designed for the long term, taking into account the specifics of the particular type of business.
• The plan includes actions that allow not only forecasting but also preventing negative consequences related to changes in legislation.
• The optimization system is capable of functioning fully under difficult conditions, including pressure from competitors or fiscal service employees.
• Numerous factors that may affect business operations and worsen the company’s financial position have been taken into account.

Assistance in tax optimization

In the rather difficult current economic situation, most entrepreneurs who have decided to start their own business, or directors of existing firms, face a situation in which a significant tax burden threatens the very existence of their business. One way out of this situation may be to restructure the entire business to reduce this tax burden.

Today in Ukraine there are quite a large number of levies and taxes and various taxation systems, but there is also a whole list of tax benefits. Thanks to this, when developing a personal system of managing one’s business, several options for successful operation arise simultaneously. The main thing is to correctly design schemes for minimizing taxes in Ukraine, which is what our company specializes in.

Our specialists’ services include:

1. Elimination of all kinds of systematic errors in tax accounting.
2. Review of the taxation schemes already operating at your enterprise.
3. Consultative support on recording certain business transactions, accruals, and payment of taxes and fees.
4. Legal tax minimization — creating a completely new, effective model for settling all tax payments, as well as making changes to accounting policies and reforming your contractual base.
5. Consultation on issues related to double taxation and foreign economic activity (FEA).
6. Expert opinions on unresolved and disputed tax issues.
7. Tax optimization of enterprises.

Our specialists will not only help you reduce payments for the most basic taxes, but also create a good image of your enterprise as a conscientious and honest taxpayer in the eyes of your business partners and the relevant state authorities. We will efficiently and as quickly as possible organize tax accounting, provide consulting services that will allow you to bring your contractual base, internal organizational documentation, control system, and accounting policy into full compliance with all implemented changes.

Tax minimization – the most appropriate solution

Tax minimization in Ukraine is gaining momentum every year. Tax rates are systematically increasing, and in some cases it becomes very difficult for an enterprise to fulfill all its obligations. In such a situation, tax optimization becomes the only correct way out. One should not forget that any tax evasion is a serious offense that can entail a lot of problems and even imprisonment. Tax planning and competent tax optimization are completely legal methods for minimizing the volume of payments made to the budget.

Qualified employees of our company will build an individual minimized taxation model for your firm, and will promptly resolve any tasks with maximum benefit for your business. And all this will be done in accordance with the law of Ukraine!