We are approaching the annual accounting year 2009 closing, so I leave a few suggestions to take into account prior to its closing and make his statement annual sworn of ISR, which are as follows: cash and banks, is necessary to ensure that the balances of the bank accounts are properly reconciled and these coincide with the Balance sheet of the company. Accounts receivable: verify the provision for uncollectible accounts Act gives us a maximum of 3% deduction. (Art. 38 q law of ISR inc.) Taxes receivable and payable: check that balances contained in the tax forms match the records of the company, the amount contained in the forms of VAT must be similar to those contained in the forms of the ISR, if not, it is necessary to carry out a reconciliation of income. In the area of expenditure, it is necessary to verify that all providers meet the delivery of invoices indicating expenses of the year 2009, esa’s way have all the reported expenses in the year that corresponds, in the same way is It is necessary to act with income. In the area of wages and salaries, it is necessary that these coincide with their respective provisions of employment benefits. It is necessary to adjust all depreciation and amortization according to the maximum rates established by law since if they do not fit in the same accounting period, this expenditure is no longer deductible for the following period.
Rule 97-3, must take into account that you cannot cancel tax on income on an amount that is less than 3% of gross revenues, this provision is currently a constitutional formality, but while this is not defined the measure remains in force. (Art. 39 inc. J income tax Act) there are many details to consider, in this space detail them what in my opinion is the most important. For taxpayers who are in the general regime as well as the churches, political parties, associations and foundations the Declaration of tax income should be informative. Expiration of the tax on income is thirty and one of March of the year two thousand and ten.