Organization and maintenance of tax records

Organization and maintenance of tax records is a process of laying of a solid foundation in protecting the enterprise before fiscal and regulatory authorities. In a qualitative implementation of this process, the enterprise acquires an effective system of taxation, which permits to predict the formation of tax liabilities and ensure timely submission of tax accounting. Organization of tax accounting in the enterprise requires detailed study of the specifics of the enterprise activities, analysis of taxes payable, their quantitative assessment, development of optimal legal taxation schemes, development of the basic principles and methods of tax records maintenance, reflected in the accounting policy of the enterprise for the tax accounting purposes.