Accounting and tax return restoration

Accounting restoration is a complex but necessary procedure for companies that have lost accounting data and primary documents. Missing papers, electronic data, errors and even a complete absence of accounting can occur in any company, regardless of its size, legal structure and ownership. As soon as you notice the «sins» of a resigned accountant, an accidentally damaged database or deliberate sabotage, call in the professionals as soon as convenient.

In which situations we can assist you?

According to the law, accounting should be continuously carried out from the date a company is registered throughout its entire existence. Not all companies pay due attention to this issue. Self-management of documents, engaging unskilled professionals, and accountant turnover are common practices in the business community. Even if your company is dormant, you still need to provide tax returns, financial statements and other documents to the authorities.

Basic accounting errors and how they threaten the company

The absence of documentation, registers

Article 120 of the Russian FederationTax Codeallows for fines from 10,000 to 40,000 rubles.

Delays in recording economic transactions

Article 120 Article 120 of the Russian Federation Tax Codeallows for fines from 10,000 to 40,000 rubles.

Failure to file tax returns and reports with the Tax Authorities

Article 119 of the Tax Code of the Russian Federation allows for 5%-30% of the amount of taxes or contributions, but not less than 1,000 Rubles.

Crude errors in the accounting records

Article 15.11 of the Code of Administrative offense sets the administrative responsibility for an officer from 5,000 to 10,000 Rubles

Our accounting restoration services

We offer two types of accounting restoration for legal entities:

• partial-conducted for separate divisions of accounting (payroll, fixed assets, intangible assets, employee expenses, tax returns, etc.);
• full — requires a thorough examination of all accounting and tax data for anappropriate period, restoration of all primary documentation and accounting records, tax return adjustments, reconciliation with the tax authorities and other agencies.

Accounting restoration consists of several stages:

1^st stage
Analyze and systematize primary documents.

2^nd stage
Verify documentation for legal compliance.

3^rd stage
Determinetransaction chronology

4^th stage
Identify and correct errors

5^th stage
Restore accounting recordsand calculate taxes

6^th stage
Restore accounting databases

7^th stage
Draft adjustments to the tax returns and other reports

8^th stage
Perform final reconciliation with authorities

Types of businesses we work with

 

Chemical
manufacturing

Fuel and energy

Foodand agriculture

Telecommunications
and IT

 

 

Industrialproduction

 

 

Housing

Investmentcompanies and stock exchanges

Metallurgy
and mining

Retail trade

 

Transportation

 

 

Pharmaceutical and healthcare

Energy

Engineering

Media and publishing

Building and development