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Our team offers tax auditing services in the form of examining account books in terms of verifying the subject and base of taxation as well as correct classification of business events in terms of tax regulations. Special attention is paid to correct VAT and PIT settlement as well as settlement of tax on civil law transactions. In the event of revealed shortcomings the taxpayer will have sufficient time to implement relevant corrections thus avoiding possible penal and fiscal sanctions.
What is a tax audit and why is it worth conducting it periodically to eliminate potential tax risks?
Tax audits and verification activities conducted by Polish tax offices can be really thorough and painstaking, so it is worth being prepared for the visit of the tax authorities and acting in such a way that the officials do not have a reason to question the methods adopted by the company to perform various operations or business events. A tax audit is a tool that allows you to avoid such problems and allows entrepreneurs and financial directors to preventively check the correctness of settlements and documentation to make sure that the entity operates and keeps the accounts in accordance with the law.
However, these are not all the benefits that taxpayers who use this service can gain. A tax audit performed by professional advisors also helps to gain a reputation among business partners and people interested in the company's activities as a trustworthy entity that operates transparently and is free from potential abuses. Thus, conducting a settlement correctness test has a positive impact on all current business activities and can be an argument when signing various types of contracts with new contractors.
The analysis carried out by RSM Poland tax advisors as part of the audit can therefore be considered not only in the context of a tax service, but also as an opportunity to build a positive image of the company.
Types of tax audit services:
- Initial, on-the-spot tax audit – enables identification of the company's tax risk areas;
- Detailed tax audit – concerns a chosen type of tax, issue or business area (e.g. VAT settlement; transfer pricing policy);
- Comprehensive tax audit – encompasses all of the company's tax settlements and is one of the methods of controlling and optimising the company's regulatory liabilities.
An interesting option worth considering when actively running a business is the contractual tax audit service, which is a systematic review of the business operations and contracts, carried out in order to provide taxpayers with the highest possible level of security. This is a proposal dedicated especially to companies that cooperate with many contractors. Regular examination, always performed by specialists in the field of law and finance familiar with the latest changes in regulations, guarantees that the entity will be up to date with information important for its tax situation.
The audit carried out by tax advisors may cover various types of budgetary commitments
The examinations that a professional tax advisor conducts as part of an audit may cover numerous areas of business activity, various types of budgetary commitments or specific operations and events. The most significant examples of tax settlements that can be checked by an RSM Poland expert for compliance with Polish and international regulations include, for example, budgetary commitments under the corporate income tax, goods and services tax and tax burdens imposed by the real estate tax.
Even if you are certain that your company's tax settlements are correct and all fees are paid in accordance with the law, it is worth using the experience of people who provide professional tax advice for companies and decide to conduct a tax audit. The examinations carried out by professionals allow not only to detect irregularities, but also to indicate tax reliefs that have not been used by a given taxpayer so far and thus contribute to finding ways to reduce the costs incurred.
The result of the work carried out as part of the tax audit process is:
- Indication of possible tax hazards and risk areas;
- Recommendation of correct solutions or such as to limit risks;
- Indication of areas with possible opportunities for savings;
- Outlining of optimal directions for your further tax policy and tax strategy.
We also offer financial audit conducted as an element or complement to our activities in the tax area. A statutory auditor from RSM Poland conducts it in accordance with the law and applicable national and international standards in the field of financial auditing standards. For this purpose, we use appropriately selected tools and methods, allowing the application of procedures appropriate in a given area.
Audit tailored to the taxpayer's needs
In order to conduct a tax audit, we appoint a team of experts – people specialising in particular aspects of the tax law. When looking for possible irregularities in tax settlements, we verify source materials (primarily account books) along with documents and files that are of significant importance to the taxpayer. The final stage of the work is to prepare an appropriate audit report for the exclusive information of the Client.
All activities (and information obtained in the course of the audit) are subject to professional secrecy. We take special care to ensure protection of data both throughout the cooperation and after its conclusion.
At each stage of the audit the client has full access to current findings. We work closely with the Client, discussing any concerns regarding tax settlements and any circumstances that may affect the result of the internal audit.
