Financial information, tax violations and fines

Abstract

Investors either individually or in groups forming a company do so with the intention of a return on their investment and often look to the right people with a certain profile for managing companies. These are friends of the team, human and material they need to get the company to achieve its objectives. One is the Accounting professional.

This article will define the Accounting from their different approaches, considering it as a comprehensive information system essential to proper decision making. Some authors classified in three information systems: financial accounting, fiscal and administrative management. This is about the first two.

Fiscally, the Federal Tax Code establishes the obligations of individuals and corporations and one of them is to get accounts with certain characteristics that will be analyzed. We also analyzed other legal tax, as the Law of Income Tax. Similarly, analyzing the power of checking the tax authorities. It will acknowledge the violations and tax offenses with an emphasis on those related to not keeping accounting system.

It is important to the fulfillment of tax obligations so as not to be entitled to fines, surcharges, updates, violations and penalties, hence the importance of sustaining a financial accounting system properly.