Companies receive benefits and deductions while filing taxes

After the arrival of February the company accountants already began working on the declaration of the Income Tax (IT,) a task they can still meet.

According to tax experts, the tax responsibility can be met with good conditions. For the partner of the firm Fides Bureau, Pablo Guevara, they should consider some prior versions before paying the tribute of the profit earned on 2013.

He recommended first of all that entrepreneurs should remember that to declare the IR since April 10 they have the option of resorting to certain benefits, deductions, exemptions and rebates.

Hiring people with a disability, represent other advantages. On this subject the law states that if the employer exceeds 4% of recruitment established. This means that the amount to be paid to this group of employees may be deducted.

Also in the case that companies reinvest their profits in the purchase of new machinery or if reduce their assets correctly, they can make use of other deduction benefits provided by the Internal Revenue Service (IRS).