The lack of preparation can turn what should be a simple procedure into a real headache. In any exam, there are always those who seek shortcuts and resort to unethical tactics to improve their results. Depending on how one manages their accounting, the presentation of the tax return can be a straightforward and predictable procedure or a challenge full of uncertainty and complications.
The diligent student who starts studying from day one and keeps a rigorous record of their grades rarely faces surprises in exams. In the fiscal realm, this attitude is reflected in companies that do not file their returns on time or, in the worst case, completely ignore their obligations. Unlike a school exam, where a bad grade is just an obstacle on the way, in the business world, the consequences can be much more serious: fines, surcharges, billing restrictions, and increasing pressure from the tax authority.
In the business world, there is an evaluation that cannot be avoided: the annual return. This is akin to a company that does not keep its accounting up to date and rushes to put its accounts in order as the deadline for the return approaches, often resulting in mistakes, incorrect calculations, unnecessary payments, or fines for inconsistencies. Companies that manage their accounting orderly not only avoid problems but also turn this process into a simple procedure.
On the other hand, there are companies that decide not to undergo the tax evaluation, either due to negligence, disinterest, or underestimating the consequences. There is also the type of improvised company that leaves everything for the last minute, relying on one night of study to understand what it hasn't reviewed in months. Just like in school, everything culminates with the final exam: the annual return.
Over twelve months, each company makes financial decisions, generates income, incurs expenses, and complies (or not) with its tax obligations. How will each one face this evaluation? Prior preparation, maintaining up-to-date accounting, and fulfilling tax obligations correctly and timely are often key to facing the annual return as a simple procedure. Those who try to take unethical shortcuts will eventually face the consequences. There is no room for carelessness or improvisation.
