ADVICE specializes in legal protection of business of enterprises, companies and organizations. Our clients have different businesses, so our work is especially interesting and allows us to have experience and knowledge in various areas of law and especially complex issues. Many companies that do not yet have systematic legal support (outsourcing from ADVICE), after reading this article, can also get basic recommendations for protecting their business.
In order to protect business from inspections and minimize the risks associated with visits by regulatory authorities, it is important to take preventive measures and conduct business activities in compliance with all necessary norms and requirements. Here are some strategies that can help:
- Maintain accounting and tax accounting in accordance with regulations: All financial transactions, settlements, payments and reporting must be carried out strictly in accordance with the law. Use professional accounting support to avoid mistakes.
- Monitor compliance with labor legislation: Register employees according to all the rules, pay salaries in accordance with the requirements of the law and pay all insurance premiums and taxes.
- Regular audits and internal reviews: Conduct internal audits to identify and correct possible errors before initiating an external review. This can include financial, legal, tax, and labor audits.
- Counterparty verification: Work only with trusted counterparties to avoid the risk of being accused of participating in illegal schemes. Use online services to check the reliability of partners.
- Correct conduct of contractual work: Conclude and correctly execute all contracts. They should clearly spell out the terms of cooperation, the obligations of the parties and the procedure for resolving disputes.
- Keep all primary documents: Ensure the safety of all primary documents (contracts, acts, invoices, invoices). This will help to quickly confirm the legality of transactions in case of inspections.
- Train staff: Employees should know the basic requirements of inspections and be able to interact correctly with inspectors. Conduct regular training and clarifications.
- Keep up with changes in legislation: Make changes to your business in a timely manner in accordance with new requirements. Signing up for specialized legal and tax newsletters can help with this, or use ADVICE’s monitoring.
- Prompt response to claims: In case of receiving notifications from inspection authorities, respond in a timely manner and consult with lawyers to avoid unreasonable fines and sanctions.
- Creation of an anti-crisis team: The presence of experienced specialists who will be able to quickly respond to the requests and questions of inspectors also contributes to the quick and effective protection of the business.
Following these recommendations can help reduce the likelihood and consequences of inspections, ensuring the legal protection of the business and the stability of its operation.
IMPORTANTLY!!! You can do all of the above points with the help of our team, as all these services are outsourced from ADVICE!
You will be able to focus on business development, and we will take care of its protection!
We are ready to offer the best terms of cooperation and ready-made solutions!
ADVICE Law Firm