Falsifying expenses fraud

[Starmix]

There are business operators who falsify their true expenses to escape tax. Falsifying expenses is done by big companies. They do not declare the true statement of income and do not record the true record of the expenses . The income of the company or business is understated by creating a false statement of the amount of the net of the company's or business ' earnings. Any company or business doing this will be charged by the law, pay the penalty, and face the court. Therefore avoid this illegal act to maintain a good standard of business and reputation.

 

[Starmix]

It is true, that it stains the reputation of the business by falsifying its true income to evade tax. The busenss managers tap their very own accountant to divert legit to non-factual income of the buses. They are not afraid of the law, but once caught the price is penalty.

 

[Augusta]

Some people do all sorts to their account documents so that they do not give out the correct information of their account details. But this fraud and it is wrong

 

[Starmix]

Some people do all sorts to their account documents so that they do not give out the correct information of their account details. But this fraud and it is wrong

They hire a reputable accountant to do the adjustments of the accounting and upon fully signed by the accountant, the Bureau of the Internal Revenue approves the data without mental reservations.

 

[Augusta]

Yeah and these accountant since they want money would follow through so that they get their own cut of the money

 

[Starmix]

The business owner instead of paying millions they will by pay almost one half of the total taxable income for the entire year of the business owners. Some business owners are evading the real value of their taxable income.

 

[Kross]

It is not possible in my country because independent auditors are sent to audit every financial statement published.

 

[Min George]

It always takes the collaboration of staff in a department for inflation of expenses figures to happen.

 

[Starmix]

An expense fraud could be manipulated by the company accountant or a disbursing officer. They can twist the company's real income versus expenses.

 

[Suba]

Currently, the tax office is not easily deceived, in the tax office there are also many expert accountants who can audit suspicions or fraud, so that if the report is not appropriate then presenting a false report will not only result in a fine but also the company's license will be revoked.

 

[Starmix]

Currently, the tax office is not easily deceived, in the tax office there are also many expert accountants who can audit suspicions or fraud, so that if the report is not appropriate then presenting a false report will not only result in a fine but also the company's license will be revoked.

Only small-time businesses twist their real income in a year through the in-house accountant. I observed it in the business office of my ex, the income of their small company was being falsified. When his dad died, their company tuned bankrupt.

 

[eLdavis]

Yes this is pretty common with most of these rich people today, they tend to lie about how much they earn just to avoid tax.

 

[Starmix]

No one can evade the law. Paying taxes in a reasonable and legit ways can save the business owners reputation and forced closure for evading taxes.

 

[Laurentta]

This is wrong and should be avoided at all cost because they would face the wrath of the law when they are caught.

 

[Starmix]

It is not good to falsify the actual expenses of your business. This is not the right thing to do to evade tax real value. No one can escape the law. Trust is essential to promote.

 

[Springtime]

I know there are companies which prepare two sets of financial statements. One is for tax reporting, another which truly reflects the company's financial situation. Submitting a false financial statement is a legal offence.

 

[Starmix]

There are businesses doing this to escape taxes. They will declare not the factual expenditures, assets and liabilities to minimise tax payments. Other reason is to hijack the money.