What are the 5 most common mistakes business owners make during an SRS audit?!

Business owners have repeatedly asked why the SRS has imposed an additional tax assessment, wondering what they did wrong during the SRS audit. The key is good communication with SRS employees, for which we strongly recommend involving professionals! However, business owners do not always do this and make the following most common mistakes, which often lead to unfortunate consequences:

• The biggest mistake business owners make is the attitude that: “I don’t have to prove anything; let the SRS prove that I have hidden income, haven’t paid taxes, am dishonest, and so on.” While this is partly true, the so-called principle of cooperation, or collaboration with the SRS, applies during an SRS audit. This is strictly evaluated and often plays a decisive role in SRS audits;
• Be proactive; no one knows the nature and nuances of the transactions you conducted better than you do, so there should be no problems explaining the circumstances of the transactions;
• If you get the impression that SRS employees are repeatedly asking you for the same information you’ve already provided, calmly discuss it with the SRS auditors. Do not show stress, as you may not have provided complete information to a question. It is also possible that this is an SRS employee tactic to throw you off track;
• The tactic of “dumping accounting documents” on the SRS desk and expecting them to find what they need is the worst approach, as it can be interpreted as non-cooperation with the SRS, which can lead to significant further troubles;
• All evidence to prove your case must be submitted during the SRS audit, not during the appeal process in court, as the court may not consider it authentic, and you will thus lose the dispute with the SRS;

If you need assistance with accounting or are facing difficulties during an SRS audit, our team is ready to help. Contact us right here on our website!