Losses are the payment for mistakes in business. Since entrepreneurial activity is at risk by definition, business losses cannot be avoided. How to write off losses?
Instructions
Step 1
Downsizing is an extreme measure that should be resorted to in a critical situation. There are dozens of ways to get out of the crisis with dignity. If you manage to keep jobs, people will pay you back with dedication, support, and commitment.
Step 2
Losses of the enterprise can be written off within 10 years. If your company incurred a large loss in 2012, you can enter it in the tax statement until 2022. In addition, the amount of loss to be written off for the year cannot exceed the total tax base for income. This means that if you incurred a loss of 20,000 rubles in 2012, and your income tax for 2013 was 17,000 rubles, then you can only compensate 17,000 rubles for losses, leaving the tax base equal to zero.
Step 3
Submit a claim to the tax office to write off losses. Attach to it copies of the primary documentation on the factors that influenced the unprofitableness of the enterprise. Note that these are not tax receipts and balances, but actual checks, invoices and bank claims. The write-off of losses will depend on the availability of these documents. Even after a complete write-off, the primary documentation must be retained for four years.
Step 4
For organizations operating under the simplified taxation system, only the amount of income minus expenses is important. In case of loss, the entrepreneur has the right to completely "zero" the tax base. To do this, you will also need to submit primary financial documentation to the tax authority.
Step 5
Combine loss write-off with a profitable tax policy. You can contribute to the tax deduction of a charitable program, scholarship funds for universities, tuition fees for your employees. This way, you can increase the prestige of your company and increase its competitiveness at the expense of the money that would be spent on taxes and fees.
