What are the 5 most common entrepreneur mistakes in a SRS audit?!

Entrepreneurs have repeatedly asked why the SRS has imposed a tax surcharge and what they did wrong during the SRS audit. The key lies in good communication with SRS staff, for which we warmly recommend involving professionals! However, entrepreneurs do not always do this and make the following typical mistakes, which often lead to unfortunate consequences:

• The biggest mistake entrepreneurs 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.” Although this is partially true, the so-called principle of participation, or cooperation with the SRS, applies during an 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 problem explaining the circumstances of the transactions;
• If you get the impression that SRS staff are repeatedly asking for the same information you have already provided, speak with the SRS auditors without unnecessary emotion and do not show stress, as you may not have provided complete information on a specific question. It is also possible that this is a tactic used by SRS staff to distract you from your line of reasoning;
• The tactic of “dumping accounting documents” on the SRS desk and letting them find what they need is the worst approach to take, as it can be interpreted as non-cooperation with the SRS, which can lead to significant further trouble;
• All evidence to prove your case must be submitted during the SRS audit, not during the court appeal process, as the court may not consider them authentic, and you will consequently lose the dispute with the SRS;

If you need assistance with bookkeeping or are facing difficulties in an SRS audit, our team is ready to help you—contact us right here on our website!