Cabinet Belayachi Company Essay Example | Topics and Well Written Essays - 4250 words

Cabinet Belayachi Company - Essay ExampleIt is evident from the study that some time organizations engage in dishonorable activities like revenue enhancement evasion and account fudging. Most of the fudging is done in minute level and thus it becomes hard to be detected by mortal who does not have knowledge and as well as experience to perform auditing and verification of the accounts. In order to perform account verification a small, family-owned organization is hired in order to verify the clients accounts reliability and transparency. The watertight also it also tries to establish taxation strategies for its clients in order to reduce the taxes union to be paid. The financial statements contain vital selective information pertaining to aspects like financial soundness and stability. Sometimes the companies and organizations are not aware of the unnecessary costs that fend for down heavily on the revenue. Application of circumstantial techniques like ratio analysis and bala nce sheet analysis help the companies in developing specific strategies to incr comforter the revenue and at same time decrease the costs. Financial diagnoses are performed by the sure by identifying the less productive functions of a apt(p) company. Based on the specific findings obtained from the analysis of the financial diagnosis specific strategies are formulated and integrated to optimize the companys resources. It is active since 1997and has a client base of more than 250, from various economic sectors. Its capital stock is of 100 000 Euros. Years of high quality service and hard hightail it has helped the firm develop long standing relationships with various firms. This long standing relationship in turn has helped the firm to ease the process of account verification and auditing. The firm does not have a huge workforce. Its workforce comprises of 15 employees only. Although the total client base is more than 250, so for this fountain sometimes it becomes necessary to wo rk at the clients premises. Another reason for which the employees had to work at the clients office premises is to keep the confidentiality of the sensitive information. The direct access to the sensitive information can be misused by perpetrators and this will give rise to cases of non compliance and subsequent legal proceedings in the court of law. So for this reason it becomes necessary to allow the employees, have a full and transparent access to all the documents needed to achieve the assigned mission. Cabinet Belayachi also looks at the tax problems of the companies. Taxation is a vast domain, with innumerable clauses and rules. Thus it becomes impossible for small and medium companies to keep dedicated in house tax consultants who will doorkeeper the companies to file for the taxes and returns. These companies most of the time approach 3rd party companies on an one-off basis or on demand basis particularly on those times of the year when the tax filing and return deadline a pproaches (Betty 604). Cabinet Belayachi, acts as a tax consultant offering expert advices on taxation. Sometimes Cabinet Belayachi is a great deal asked to work closely with taxes inspector in case of clients tax adjustments. For that matter, the practice has built a long-term relationship with tax officials in order to ease the process during the mentioned situation. 2. Presentation of department