Tax Accounting Automation

Syllabus

Syllabus: 1. Introduction to the selected accounting economic system. Creating and configuring the accounting unit of a limited liability company with a focus on value-added tax (VAT) and income tax. 2. Analysis of costs and revenues from a tax perspective. Creating a chart of accounts with particular emphasis on results affecting the income tax base. 3. Accounting cases focusing on the tax deductibility of costs for meals and travel expenses. 4. Accounting cases focusing on the tax deductibility of costs for fuels, representation, and inventory differences. 5. Accounting cases focusing on the tax deductibility of costs for creating adjustments to receivables and reserves; analysis of meeting the condition of payment in the profit transformation process for tax purposes. 6. Compilation of the tax return for the income tax of a legal entity (ITLE). Determining the work procedure for compiling the ITLE, generating the essentials needed for adjusting/transforming the profit outcome for tax purposes from the economic system. Generating the ITLE in various formats. Electronic communication via the FSSR portal. 7. Impact of VAT matters on automated record processing. Analytical accounts for account 343 - Value Added Tax in the chart of accounts depending on taxable transactions subject to accounting. Analysis of record-keeping in an automated system based on VAT classification and comprehensive VAT statement. 8. Accounting representation of taxable transactions types: subject to VAT, exempt from VAT, not included in VAT. Classification of taxable transactions for reporting in the VAT return (VRVAT), VAT control statement (VCSVAT), and summary VAT return (SVVAT). Analysis of VAT data, preparation of VRVAT, VCSVAT, SVVAT, and their export in various formats. Electronic communication via the FSSR portal. 9. Application of proportional VAT deduction through coefficients. Determining the coefficient based on data from accounting and requesting approval of the VAT deduction coefficient from the tax administrator. Issuing VRVAT and accounting representation of VAT under the proportional deduction regime using the coefficient. 10. Annual reconciliation of VAT deduction by coefficient. Calculating the coefficient from data of the regular accounting/tax period using the accounting economic system and calculating the deductible tax for the relevant accounting/tax period. 11. Creating and configuring the accounting unit of an individual entrepreneur in the accounting economic system: with a focus on income tax and value-added tax. Analysis of income and expenses from the income tax perspective. Options for creating analytical subgroups for different types of income and expenses. 12. Compilation of the tax return for income tax of an individual - Type B (ITLE-B) for an entrepreneur who achieved a combination of taxable incomes and besides business income, also has income from dependent activities, capital income, or other income. Generating ITLE-B in various formats. Electronic communication via the FSSR portal. 13. Comprehensive example - configuration of the accounting unit, accounting management, compilation of VRVAT, VCSVAT, SVVAT, profit outcome transformation based on tax, tax calculation, compilation of ITLE using automated record processing and outputs.