Understand what the Public Digital Accounting System (SPED) is and the advantages that the platform brings to the tax management of small businesses.
The Public Digital Accounting System (SPED) is a program created by the Federal Government with the main objective of simplifying the lives of those responsible for tax management activities.
By using it correctly, micro and small businesses canada whatsapp number avoid errors and possible penalties related to the movement of resources.
Keep reading to understand more about this system, how it works and what its advantages are!
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SPED: what is it and how does it work?
What are the advantages of SPED for tax management?
1. Cost reduction
2. Time optimization
3. Standardization of information
4. Reduction of involuntary fraud
SPED: what is it and how does it work?
SPED consists of a digital platform through which companies send accounting and tax information to the government. Since its creation, it has been possible to replace the paperwork used in accounting with digital files.
After all, it is the duty of every company to specify the movement of resources related to taxes, goods, people, services, among others. In other words, you can imagine the enormous volume of paper generated by the financial statements.
In addition to improving tax control, the creation of SPED has made it easier to comply with tax obligations. This means that employees can use their time more strategically, as bureaucratic commitments require less effort thanks to the system.
Therefore, we can say that the platform contributes to:
facilitate relations between taxpayers and government agencies;
optimize the inspection capacity of the responsible bodies;
speed up compliance with tax procedures;
simplify the calculation and payment of taxes;
improve the quality of information;
speed up access to information;
reduce paper use;
and ultimately accelerate the country's economic growth.
What are the advantages of SPED for tax management?
Find out about the benefits offered by the platform for tax management of micro and small businesses:
1. Cost reduction
Thanks to SPED, companies can reduce their administrative costs, such as printing, issuing invoices and storing documents. In addition, costs are also reduced by simplifying ancillary obligations.