The right Options in the Tax Calculation

According to an IBGE survey carried out in 2017, just over 60% of companies close their doors after the first five years of activity. Yes, that’s what you read. That is, for every 10,000 companies, there are at least 6,000 dreams going down the drain.

There are many who are disappointed with the new business in the first years and return to the formal job market, in order to receive the salary, which is often not there, but is guaranteed every month. So, the planning must always be very well done and with a medium and long term vision. Using the tax calculator happens to be a very important factor herel.

The first and most important lesson of this stage is, never and under no circumstances, mix your private financial life with that of your company. To do this, use the legal means and open your company, have the CNPJ card and all the necessary documents to operate as a legal entity. Believe me, it will be very worth it.

Should I really separate?

One of the main rules of corporate finance is the separation of individual and corporate accounts. It is no coincidence that most businesses that close due to financial problems do not follow this rule.

  • Running a business is no joke. And, many times, the entrepreneur believes he is in control of the situation. But in practice, there is not, which makes the administration chaos.
  • Imagine at the end of the month, you separate that quick purchase from the supermarket, with payment from the supplier? Or even worse, measure the company’s profit, adding these extravagances to what is actually spent by the company. It can’t work. And I say more, in addition to the company, personal financial life will also be harmed.
  • In addition, you are still at serious risk of having problems with the IRS, if personal expenses are not very well registered and fall even in the fine mesh, in the income tax return.
  • So, get to work. Open a personal bank account, if you don’t already have one, and a bank account for your legal entity.

Done, now what?

With both accounts open, the next step is to calculate the company’s profit. To do this, you will need to use a financial control spreadsheet or even a system, in which you will be able to register all your entries, entry and exit, to understand how much is left in this account.

Let’s say the company received R $ 5,000.00, paid all accounts and suppliers a total of R $ 3,000.00. What was left was R $ 2,000.00. That was the profit in the month in question so, set a percentage that does not hinder the company’s planning and growth and, at least once a month, make a withdrawal to your personal bank account.