Accounting services In Iran, it is defined as an information system that is responsible for collecting, recording, classifying, summarizing, and reporting financial information so that managers, investors, and other stakeholders can make more informed decisions.
Comprehensive definition:
“Accounting is the process of identifying, measuring, recording, and reporting financial information in such a way as to enable financial judgment and decision-making.”
Simple example:
Suppose you have a clothing store:
- Information collection: All sales and expenses during the month (such as buying clothes and paying rent).
- Record information: You record in ledgers or accounting software (such as daily income and various expenses).
- Classification: You organize information by specific categories (such as current expenses, income, debts).
- Summary: You prepare financial statements (such as a profit and loss statement) to know how much your profit or loss is.
- Reporting: You provide financial reports for the store owner or other stakeholders (such as a bank for a loan).
Importance in Iran:
Due to economic changes, tax and audit laws in Iran, accounting plays an important role in complying with tax regulations and maintaining the financial health of companies.
What are the subcategories of accounting services?
Accounting services include various subcategories, each covering an aspect of financial management and reporting. Below are the most important subcategories of accounting services:
1. Financial accounting
- Preparation and adjustment of financial statements (balance sheet, profit and loss statement, cash flow statement).
- Providing financial reports to managers, investors and shareholders.
- Focus on compliance with accounting standards and generally accepted principles (GAAP or IFRS).
2. Management accounting
- Providing financial information for managers’ internal decision-making.
- Preparation of budgeting reports, cost analysis, and profitability evaluation.
- Designing strategies to reduce costs and increase efficiency.
3. Tax services
- Calculation and adjustment of tax returns.
- Management of income tax, value added, and other taxes.
- Providing solutions to reduce the tax burden legally.
4. Cost accounting
- Analyzing and recording the costs of production or providing services.
- Calculate the total price of products and services.
- Assisting management in pricing and cost control.
5. Payroll accounting
- Calculation of employee salaries.
- Manage payments, payroll taxes, and social insurance.
- Providing labor related reports.
6. Internal audit
- Investigating and analyzing the health and safety of financial and operational systems.
- Identifying and reducing financial and managerial risks.
- Making suggestions to improve internal processes.
7. International accounting
- Financial management of multinational companies.
- Adapting financial reports to international accounting standards.
- Tax and currency management in international transactions.
8. Government accounting
- Management of financial affairs of government organizations and institutions.
- Providing financial reports in accordance with government laws and regulations.
- Monitoring the allocation and consumption of government funds.
9. Forensic Accounting
- Investigation of frauds and financial violations.
- Providing financial documents in legal and judicial cases.
- Conducting tax and judicial investigations.
10. Provide expert advice by Tax consultant
- Providing advice by a tax consultant to improve the financial management of businesses.
- Helping to choose and implement accounting software.
- Financial planning for business growth and development.
Should we choose accounting?
Each of these subcategories helps to meet the specific financial and management needs of a business or organization. Choosing the right service depends on the type of activity and business goals.
Why is tax service important?
Tax services It is one of the most important parts of financial management in any business, which includes a wide range of activities to ensure compliance with tax laws, optimize taxes, and prevent legal problems. In the following, we will break down the tax services:
1. Tax advice
- Providing expert advice on tax laws and regulations.
- Identifying opportunities to reduce the tax burden legally.
- Tax planning assistance for businesses and individuals.
2. Preparation and preparation of tax returns
- Preparation and submission of income tax returns for companies and individuals.
- Preparation of value added tax (VAT) declaration.
- Registration and reporting of taxes related to employee salaries.
3. Value Added Tax (VAT) Management
- Registration in the value added tax system.
- Calculation and submission of periodic VAT reports.
- Help with VAT refunds if needed.
4. Strategic tax planning
- Designing long-term solutions to optimize taxes.
- Identification of tax exemptions and their use.
- Planning to reduce taxes on transactions and investments.
5. Pursuing tax matters and resolving disputes
- Representation in tax authorities to resolve disputes and lawsuits.
- Objection to the determined taxes and their follow-up.
- Preparing a tax defense and submitting it to the Tax Administration.
6. Salary tax
- Calculation and payment of taxes related to employee salaries.
- Preparation of salary tax lists and submission to the tax organization.
- Ensuring compliance with tax laws related to human resources.
7. Tax review and analysis
- Analysis and assessment of business tax obligations.
- Identifying tax risks and making suggestions to reduce them.
- Checking and adjusting tax accounts to ensure accuracy of information.
8. Tax law training
- Teaching tax laws and regulations to employees and managers.
- Providing training courses in the field of income tax, value added and rights.
9. Tax audit
- Document review to ensure compliance with tax laws.
- Identifying mistakes and correcting them before being reviewed by tax authorities.
- Provide detailed reports of tax status.
10. Assisting in registration and liquidation in tax authorities
- Registration of new businesses in the Tax Administration.
- Management of liquidation process and settlement of business tax liabilities.
Why is tax service important?
- Prevention of crimes and fines: Compliance with tax regulations prevents heavy fines.
- Tax Optimization: Help to legally reduce tax obligations and save costs.
- Maintaining business reputation: Complying with tax laws increases business credibility with legal authorities and stakeholders.
conclusion
Tax services are essential for any business or individual that earns income. These services not only manage tax obligations but also help in better planning and financial optimization.
