Controlling the Tax and Finances for Business

Business

Controlling finances and taxes between groups of people is not easy, less if it is unions, parents’ centers, neighborhood associations or any type of entity that includes partners and monthly or annual fees. However, this process could be much easier in a web platform that promises to handle money from this type of group without dying in the attempt.

In this way, this tax system makes it possible to back up the organization’s information, control income and outflows of money, be aware of expenses and publish both minutes, as images of ballots and expense invoices, among other documents.

Simple and transparent handling

On the other hand, the organizations that use the right online platform will be able to correctly manage their taxes, including through individual passwords for all the members of these groups delivering, thus, a more transparent and efficient management. For the proper taxation the use of the taxfyle’s sales tax calculator is there now.

The collaborative economy refines the form of economic actors and allows the emergence of protagonists hitherto nonexistent in traditional business models, in various sectors such as hotels, transport, food and others. It also creates business models and commercial structures that were not reached by the legislator, since they did not yet exist at the time of legislative production.

New Technolgies

Disruptive technologies linked to the so-called digital age have been causing enormous changes in people’s lives: traditional concepts such as goods, sales, services and circulation are made more flexible and questioned; barriers are broken, imposing the narrowing of relationships that previously took place in physical form, omnipresent, greatly intensifying data traffic and impacting various areas, such as entertainment, culture and commerce. Naturally, it is necessary to issue new laws and revise legislative frameworks.

This new scenario triggered a series of tax challenges for both the Legislative Branch and the tax authorities, largely due to the business models driven by new technologies, not covered by the current tax laws.

  • Although these challenges are not unique to the collaborative economy, the advancement of technology and the emergence of online platforms has enabled a drastic growth in transactions made by peer-to-peer startups (those that connect buyers and sellers), creating in a short space of time, multi-billion dollar businesses with global operations.

The Right Aim for You

With the aim of adapting taxation regimes to the new context of collaborative economy, the most notable examples of which are Airbnb , Uber and TaskRabbit, sharing residential properties, private vehicles and the provision of various services, respectively, the European Union created a framework within the scope of Economic and Social Committee, without losing sight of the principle of neutrality, in order not only to not interfere in the development of the market, but, above all, because the digital economy is a system capable of generating other cases , models and utilities.