Considerations of the income tax return in Colombia

Considerations of the income tax return in Colombia

The deadline to file income tax returns for companies in Colombia is approaching and with it the support of accountants for this important compliance, it is worth mentioning that this process is carried out through an adequate tax planning during the entire accounting period to be presented, in which some of the important points that have an impact on raising the income tax to be paid should be evaluated and in turn mitigated.

Some businessmen ask why the financial information differs from the tax information reflected in the income tax and this is because the tax administration recognizes expenses under certain established conditions or limits some operations performed by the company, let's see some examples of these differences:

How to liquidate a company in Colombia

How to liquidate a company in Colombia

Deciding to liquidate a company would be a decision taken as a result of the evaluation of the ongoing business, according to the legal rules stated in the commercial code, a few steps must be followed to proceed with the liquidation of a company in Colombia here the steps to do it:

Accounting Outsourced Services an ally for your company.

Accounting Outsourced Services an ally for your company.

One of the most important tasks for a companys´ managers is to know how things are done, entrepreneurs agree that all the efforts can be seen in accountancy, for that reason keeping it well organized besides avoiding onerous fines, is a source of valuable information to make promptly, the crucial decisions in required by the business, and this is achieved by counting on accounting services performed by qualified professionals who explain in a simple and detailed way what is happening in your company.

How to start a business in Colombia

How to start a business in Colombia

Entrepreneurship helps to reach self-fulfillment besides has an impact on society, so it is necessary to structure and prepare the needs before starting up the business, these steps avoid learning through bad experiences all the multiple obligations that establish a business implies. In this article, we will provide some tips that every entrepreneur should keep in mind

The importance of a certified public accountant (CPA) for companies

The importance of a certified public accountant (CPA) for companies

The phrase that every company, no matter if is large or small, requires a certified public accountant is widely known, but beyond compliance with the law, it is because the accountant is essential for the results of a business. Small companies in Bogota Colombia search for the services of a CPA, usually for filing tax forms, a very different perception occurs in large and medium-sized companies, for them obtaining strategic information and identifying problems in their operations is essential, these businesses are using the information to transform the company searching for the increase in value, these different points of view make a huge difference in company results and probably a cause of the high rate of failure viewing in the small business that is created in Bogota Colombia.