10 keys for companies to submit their annual declaration to the SAT

1.- This declaration is made online through the SAT platform, originally the deadline is March 31, but since it falls on a Friday, the Federal Tax Code (CFF) provides that lThe deadline is extended to the next business day, that is, to the next Monday, April 3so that in case of making payments to the authority they can be made that day.

2.- Public accountants must prepare and determine the fiscal utility during 2022 and the amount of profits that will be distributed among their workers.

3. You must have specific detail in deductions, since they must comply with all the legal requirements for its application; income tax law, tax code, tax miscellaneous, among others.

4. Always consider that deductions are optionalIt is very easy for the authority to let it pass if you do not report it. The SAT has the form and is more focused on detecting omitted income, more not deductions that you have not considered, “and that plays against the taxpayer”, Grajeda sentence.

5.- Remember that before December 31, the company or companies must submit an inventory, because with any omission the SAT can detect that you are receiving, perhaps, more income than what you declared. You must have evidence that this inventory was taken.

6.- Do not forget that payments to workers are not fully deductible. ANDt is very important that you determine the proportion of deductions that you can make with respect to wages, salaries and benefits that you give to your workers.

7.- You must review all accounting, trial balances, there must be a purification of accounts, estimates for uncollectible accounts, for depreciation, amortization that they have on fixed or intangible assets. Likewise, corrections or adjustments must be made so that accounting is the most reasonable or correct.

8.- 2022 was a year of high inflationso remember that there are price rise adjustments that need to be made, some will work in your favor by accumulation, and others against you.

9.- It is very easy for the authority to detect that companies carry out operations with billing companies, because they have them listed. If it detects that this happens, the deductions that would like to apply for these operations will not proceed.

10.- If you have any clarification or update of pending information, and it was already detected by the SAT, you received a requirement of obligations, you did not clarify it, and then you did not present the annual declaration, You will be subject to fines ranging from 1,800 pesos to 22,000 pesos.

The 1,800 pesos are charged when they are situations that occur for the first time, but if they are already recurring in a company, the fines go up to 22,000 pesos.

On the contrary, if your tax situation is in order, except that the return could not be filed for x or y reason, you can file it extemporaneously and you will not receive fines.