Tax Model 1: Analysis of Enterprise Finance and Tax Risk Cost
Abstract: With the continuous development of China's economy, enterprise management is also facing more and more fierce competition. It is more and more urgent to develop steadily under increasing pressure and reduce costs. At the same time, as enterprises pay more and more attention to financial management, the related problems of tax risk cost in financial management are also paid more and more attention. This paper provides countermeasures for enterprises to effectively use tax resources and reduce costs.
Keywords: enterprise financial management; Tax risk; expense
The rapid economic development has brought opportunities to enterprises, making them collectivized and large-scale, and at the same time posing challenges to their operation. Facing the increasingly complex business situation, enterprises pay more and more attention to financial management. The prediction and prevention of enterprise tax risks can avoid losses, protect the interests of enterprises, and rationally apply tax laws and regulations can even bring benefits to enterprises.
First, the status quo and analysis of tax risks in financial management of Chinese enterprises
Subjective risk
Subjective risk refers to the subjective differences between taxpayers and tax authorities in the interpretation of tax-related policies, resulting in differences in the amount of tax collected. On the other hand, it is impossible for different tax authorities to completely unify their understanding of the same tax law or policy, and the tax risk caused by subjective differences is the subjective tax risk of enterprises.
(B) the risk of objectivity
First of all, national tax collection is mandatory, but the tax paid will reduce the net profit of the enterprise's operating income, which makes it possible for enterprises to increase their income by actively evading taxes. Secondly, even if the enterprise abides by the law and pays taxes voluntarily, due to the uneven quality of corporate taxpayers, it may lack understanding of tax-related laws and regulations and may violate national tax laws and regulations. In this case, enterprises and related employees themselves have no intention to evade taxes, but it has caused enterprises to fail to pay taxes in full and on time. Therefore, it also causes the existence of corporate tax risks.
Institutional risk
Compared with foreign established enterprises, China enterprises were established late and operated for a short time, so there is no sound enterprise system to a great extent. This problem is manifested in the lack of effective supervision of tax work and effective control of related work. The lack of an effective management system will have a negative impact on the company's operation. For example, failure to obtain accurate information on tax policy changes in time may cause enterprises to suffer unnecessary losses, unable to enjoy preferential policies of the state and pay taxes that could have been reduced or exempted. This is also the main problem in the tax work of some small and medium-sized enterprises today.
(d) implementation risks
Execution risk refers to the fact that the management of an enterprise does not pay enough attention to tax risks in the course of operation, or the relevant government agencies responsible for tax collection pay too little attention to taxpayers. Generally speaking, the reason why the latter appears is that the tax amount created by the policies and turnover of small and medium-sized enterprises is far less than the contribution of the tax amount of large enterprises to the national fiscal revenue, so the relevant tax authorities pay less attention to these enterprises than other large enterprises, which may lead to the failure to implement the tax payment work of some small and medium-sized enterprises.
Second, the tax risks in enterprise financial management can be taken.
(A) improve the overall quality of enterprise financial personnel
Training tax practitioners can effectively improve the overall quality of enterprise financial management personnel. Only by ensuring that enterprise tax-related personnel can complete tax payment correctly is the most effective way to prevent enterprise tax risks. The specific training content should include: the latest enterprise tax laws, regulations and rules promulgated by the state, focusing on the key contents such as tax payment ratio and time limit; In addition, it should be supplemented and taught in combination with the development of the enterprise itself. Taking small and medium-sized enterprises as an example, tax-related employees should understand the national preferential tax policies that enterprises can enjoy and apply them in their daily work to prevent enterprises from suffering unnecessary tax losses. Enterprises should take measures to improve the attention of enterprise managers to tax risk costs. Enterprise management should face up to the importance of enterprise tax payment to the country, so as to improve the company's attention to legal tax payment. Only by understanding the possible negative impact of tax risks on enterprises can management look at the tax situation of enterprises in a longer-term perspective. Recruit financial management personnel with high professional quality. Many times, the reason why small and medium-sized enterprises fall into tax risks is the lack of relevant professional knowledge. Such problems can be made up by recruiting professionals in this field, so as to grasp the latest trends of national tax business. Only by grasping the changes of national policies can we ensure that the company pays more taxes, pays less taxes and pays taxes in time, and will not fall into the predicament of tax risks.
(B) improve the corporate tax business restriction system
Establish a set of tax risk identification for enterprises to avoid tax risks? Evaluation? The limiting mechanism of reaction is a very effective preventive method. This restraint mechanism can monitor the process of every tax expenditure of enterprises, and realize real-time monitoring, detail monitoring and whole process monitoring. The specific content includes three steps: tax risk identification, risk assessment and risk reflection strategy. In addition to establishing the system, the executor of the system is also very important. Enterprises should set up tax supervision departments and tax risk prevention committees to keep abreast of the tax situation of enterprises, and immediately put forward countermeasures in case of risks and problems, so as to reduce the possibility of the company falling into tax risk dilemma.
(III) Seriously study tax-related laws and regulations and establish effective communication channels with the tax authorities of the company.
With the continuous development of China's economy, the relevant national laws, regulations and policies are constantly adjusted to adapt to the development of social economy. Enterprises have the responsibility to pay attention to these policies closely related to corporate taxation. Enterprises can set up special departments or institutions to complete this matter, or entrust professionals or institutions to assist the company in tax payment business. At the same time, enterprises should establish regular and effective communication with tax authorities to avoid tax business mistakes caused by subjectivity as much as possible and avoid bringing unnecessary losses and legal responsibilities to enterprises.
Three. Concluding remarks
With the continuous expansion of enterprise scale, financial management has become more and more complicated. How to make enterprises develop healthily is an important goal of enterprise management, which requires enterprises to take measures to strengthen enterprise tax risk management. However, how to effectively prevent tax risks has not yet reached a unified conclusion in related fields in China. It is necessary to accumulate experience in the actual operation of enterprises, improve relevant theories and guide enterprises to effectively avoid tax risk costs.
References:
[1] Zhu Guangwu. Research on Tax Risk Cost Based on Enterprise Financial Management [J]. China Commerce and Trade, 2014 (22):132-133.
[2] Tan Myanmar. Research on tax risk cost based on enterprise financial management [J]. Economist, 2015 (06):104-105.
[3] Wu Jiafeng. Suggestions on tax risk cost control in enterprise financial management [J]. Statistics and Management, 2015 (12):108-109.
Tax Model II: Tax Risk and Cost Analysis of Enterprise Financial Management
In the process of rapid development of China's national economy, enterprises facing severe challenges must use tax resources to prevent tax risks. For information-based and collectivized enterprise groups, it is extremely important for tax authorities to use tax resources to promote the quality improvement of enterprises. Based on a general overview of the tax risks of enterprises, this paper comprehensively analyzes the tax risks faced by enterprises at present, and on this basis, puts forward effective countermeasures to avoid the tax risks of enterprises.
Keywords: tax risk; Enterprise; Financial management; Countermeasures
Enterprise tax risk involves national tax authorities, national laws and regulations, and enterprise tax management departments. Mastering the tax risks of enterprises can help enterprises reasonably grasp the correct time of tax risk control and reduce the risks brought by changes in tax laws and regulations. Since the reform and opening up, China's economic model has changed, which requires the economic development mode of enterprises to change accordingly. National tax authorities and enterprises must make new achievements in tax management to ensure the healthy and orderly development of enterprises. Therefore, how to reduce and avoid corporate tax risks and improve corporate service quality is a very important part of national tax work and enterprise development.
I. Overview of corporate tax risks
Enterprise tax risk is the enterprise interest risk caused by the failure to implement tax laws and regulations according to law or to grasp the changes of tax laws and regulations in time during the business process, which mainly includes the extra tax cost burden caused by the violation of tax laws and regulations by enterprises and the inaccurate application of enterprise tax law [1].
Second, the characteristics of corporate tax risks
subjectivity
Enterprise tax risk is related to national tax units and enterprise tax managers, among which the tax policy of national tax authorities, the understanding and practice of enterprise tax workers, the enterprise's own tax risk awareness and the quality of enterprise tax workers have increased the enterprise tax risk.
(2) inevitability
In China, the national tax authorities levy taxes on enterprises according to national laws and regulations, which is mandatory. The purpose of enterprise production and operation is to create the greatest economic benefits, and the production costs are often reduced, which leads to irregular tax evasion and tax evasion in the process of enterprise operation. Therefore, there is an inevitable contradiction between them.
(3) Advance
Whether the financial management department in an enterprise meets the national standards is directly related to the tax management of the enterprise, and financial auditors have already developed a sense of tax risk. Therefore, the tax management of enterprises is preemptive.
Third, the causes of corporate tax risks
The causes of corporate tax risks are generally analyzed from two aspects: internal reasons and external reasons. External reasons refer to the lack of relevant tax laws and regulations or the low service efficiency of the national tax department, resulting in corporate tax risks. The internal reason is the tax burden of enterprises caused by incomplete tax prevention or weak tax awareness.
(A) the quality of corporate tax personnel is weak
In the process of enterprise management, the tax administrators of enterprises lack their own knowledge of tax management and finance, and have not mastered the national tax laws and regulations. Maybe they don't have the idea of tax evasion, but the result is that enterprises have tax evasion in the course of operation, which increases unnecessary corporate tax risks for enterprises [2].
(B) the lack of awareness of tax risks
Because dealing with tax in enterprises will have a lot of manpower, material resources and time costs, it will increase the economic burden of enterprises, especially the imperfect tax management system of small and medium-sized enterprises, which will lead enterprises to have a poor understanding of corporate tax risks or a lax attitude towards tax management in the course of operation, thus resulting in a series of corporate tax risk problems.
(C) information and intelligence work is not in place
The role of data information in national tax management has been widely recognized, and enterprises can obtain tax information through various channels. However, the facts show that enterprises do not pay enough attention to and apply the obtained information, which leads to the poor use effect of tax information by national tax authorities.
Four, enterprise tax risk prevention countermeasures
(A) to strengthen the quality of enterprise tax personnel.
The awareness and level of tax risk prevention of enterprise tax personnel are related to the tax risks faced by enterprises. Tax officials of enterprises can improve their comprehensive tax quality through enterprise lectures and enterprise training, and ensure that they can help enterprises reduce tax risks on the premise of having enough basic knowledge of tax laws and regulations.
(B) to strengthen the awareness of enterprise risk response
Enterprises should gradually strengthen their awareness of tax risks and follow the tax management units. Once the compliance of enterprise tax management is weakened, it will not only increase the awareness of tax risk of enterprises themselves, but also bring tax risks and difficulties to national tax units. In the process of enterprise management, there will be omissions in the prevention of tax risks. Therefore, enterprises should check and correct their tax risks according to the surrounding environment, so as to promote the normal development of enterprises. Although solving the tax risk problem of enterprises will increase the cost burden for enterprises, it can bring greater benefits to enterprises.
(three) to carry out enterprise tax inspection.
Enterprises should regularly conduct financial data audit and tax inspection, clearly grasp all aspects of enterprise finance, and prevent tax risks in a healthy and orderly manner. When tax risks are discovered, they should be solved together with professional tax personnel and solved in time [3]. If tax risks are found in the operation process, the enterprise will be punished, and the tax management of the enterprise needs to be inspected and revised to avoid greater tax risks.
(d) Improving the quality of data and information.
We must obey the requirements of tax risk response workers in professional tax management and practice, and obtain updated data information and data accurately and timely. Tax risk response workers should also do a good job in the integration and application of new equipment in the county, strengthen the role of finance in the tax risk response of enterprises, truly understand the real production capacity of enterprises, and carry out profound financial data on all aspects of enterprises, which can timely and effectively solve the hidden tax risks of enterprises.
Verb (abbreviation of verb) conclusion
Avoidance of enterprise tax risks requires the joint efforts of enterprise tax managers and national tax authorities, involving many factors and complicated processes. The key is that the enterprise itself should improve the tax management mechanism and solve the fundamental problem of tax risk from the inside. For many years, researchers in this field have been actively exploring and deeply studying the risk cost in enterprise tax management, hoping to find effective methods that can be used in enterprise tax management practice and promote the sustainable and healthy operation of enterprises in China.
References:
Zhou Zhou. A Study on Tax Risk Management of Enterprises in China [D]. Hefei: Anhui University of Finance, 20 14.
[2] Wang Jianfeng. Research on enterprise tax risk management [D]. Kaifeng: Henan University, 20 12.
[3] Tan Myanmar. Research on tax risk cost based on enterprise financial management [J]. Economist, 2015,4 (06):104-105.
Selected tax papers and model essays:
1. tax graduation thesis model essay
2. Model tax accounting documents
3. Tax accountant thesis
4. Tax graduation thesis
5. Cost accounting Fan Wenxuan.
6. Selected references of management accounting papers