The results of working with a counterparty largely depend on its reputation in business circles and overall reliability. More and more often, the tax authorities make claims against companies that cooperate with unscrupulous firms. Such a mistake in doing business leads to the fact that the Federal Tax Service does not take into account expenses and deductions for transactions with such a partner. And this increases the financial burden on a conscientious taxpayer.
Therefore, it is important to be able to check the counterparty and use this knowledge before starting to work together. In this way, you can protect yourself from claims from the tax inspectorate and unnecessary expenses.
There is a wide range of methods the advantages of line database for assessing potential partners. Together, they allow you to form the most complete picture of the company's activities.
When and why to check counterparties
It is necessary to understand how to properly check a counterparty when:
The first transaction is coming up – it is important to identify ambiguous points before signing the documents in order to avoid possible problems.
The potential partner's company has just opened - a recent business registration is not dangerous in itself. But you should take into account that during joint work you risk facing a large number of threats.
There are many negative reviews about the counterparty - there may be two options for the appearance of such information. Either it is spread by competitors and offended employees, or problems really often arise in working with this company.
The company is ready to cooperate only on the condition of prepayment . If you do not think in advance about how to check the counterparty, there is a risk that you will pay the amount, but will not receive the goods, or the services will not be provided.
Thanks to the check, you can make sure that the company fulfills the terms of the contracts, does not engage in fraud, cashing out funds, is not about to be liquidated or declared bankrupt in the near future. You will also find out that the potential partner has no problems with government agencies, debts for taxes and fees, and is not suing other defrauded companies. Having made sure of the reliability of the counterparty, you can avoid problems with the Federal Tax Service, unnecessary financial and time costs.
Increase Your Profits by 10X: 5 Key Metrics You Must Track
Alexander Kuleshov
Alexander Kuleshov
General Director of Sales Generator LLC
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