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How would you manage all accounting work including tax return?
In an small sized organisation A person did all works related to accounts & also prepare income tax return on year ended due to small frequency of work in Accounts.
In an Large sized Organisation Every work dedicated to an Individuals. So a person can't manage all work related top Accounts & Income Tax.
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To answer this question, number of factors are involved as given below
If you mean reporting purpose only the focus would be on following IFRS or GAAP along with conformance to the local legal, fiscal policy & tax policies so that accurate & on time financial statements are prepared.
I agree with all previous answers. Size of the company and the complexity of processes are the most important. Build strong team, delegate responsibilities if you need, invest in proper infarastructure. Ensure that all processes are under your control, and be extremely sensitive for tax issues.
you have to follow up the accounting procedures and after you finish the financial stetemtns you will start to prepare the Tax return and make some adjustments on the accounting profit complying with the Tax law in your country
i would verify the accuracy of all money transactions and to make sure that all these transactions are legal and follow current guidelines. I was working for a company on a contractual basis to do the books or tax returns. also i worked for private individuals and help them with their financial decisions, tax returns, or other money-related issues.
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I'm fully agree with all previous and expert answers.
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