A tax reporting audit is for organisations that want to be sure, before filing returns or before a tax inspection, that the figures in their reports are correct and that the risks of additional assessments and penalties are known in advance. MK Audit reviews VAT and corporate income tax returns, payroll tax and social contribution reporting, and the reports of non-profit organisations, and reconciles them with source documents and accounting records.<\/p>\n
The result is a written report listing the errors found, an estimate of possible additional assessments and clear recommendations on what to fix and how. The firm has worked since 2000, is listed in the Register of Auditors and Audit Entities (No. 4624) and is a member of DFK International, so the report can be presented to management, owners or a donor.<\/p>\n
What is included<\/h2>\n
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review of VAT returns: input and output VAT, registration of tax invoices, blocked invoices;<\/li>\n
review of the corporate income tax return, financial result and tax adjustments;<\/li>\n
review of payroll tax, military levy and social contribution reporting, reconciled with payroll calculations;<\/li>\n
for non-profit organisations: the report on the use of income of a non-profit organisation and compliance with non-profit status conditions;<\/li>\n
reconciliation of reported figures with accounting records and source documents;<\/li>\n
assessment of the risk of additional assessments and penalties, and a list of transactions most likely to attract the inspectors’ attention;<\/li>\n
recommendations on amending returns and correcting errors before an inspection;<\/li>\n
on request: advice during a documentary inspection and help with responses to tax authority requests.<\/li>\n<\/ul>\n
Service options<\/h2>\n
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Format<\/th>\n
When it suits<\/th>\n
What you receive<\/th>\n<\/tr>\n<\/thead>\n
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Express review before filing<\/td>\n
A quarterly or annual return needs checking before submission<\/td>\n
List of errors and corrected figures<\/td>\n<\/tr>\n
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Tax reporting audit for a period<\/td>\n
Change of accountant, doubts about the quality of records, preparation for an inspection<\/td>\n
Report with risks, estimated additional assessments and recommendations<\/td>\n<\/tr>\n
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Support during a tax inspection<\/td>\n
An inspection order or a request from the tax authority has been received<\/td>\n
Advice, preparation of explanations and documents<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n
Who needs it<\/h2>\n
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LLCs and private companies on the general tax system and VAT payers;<\/li>\n
representative offices of foreign companies that file reports in Ukraine;<\/li>\n
NGOs, charitable foundations and donor-funded projects: non-profit status depends on correct reporting, and donors often ask for confirmation that there are no tax risks;<\/li>\n
companies after a change of chief accountant, before a sale of the business or before bringing in an investor;<\/li>\n
anyone who has received a request or a notice of inspection.<\/li>\n<\/ul>\n