Aspects to be considered for starting a new business
Good planning book is essential to ensure the success of any new business.
When starting a new business or undertaking, in most cases we are clear about what we do, but do not know which aspects of taxation, legal, or business we must take into account to ensure success of our company.
In turn, must be calculated what the fixed costs of the project: the costs of maintenance, rent, staff, services, etc., and costs of services or goods to offer. We must also estimate the initial capital: how much money we invest to get started and what will need to use goods: machinery, computers, and others. If you employ staff we have to define: what kind is, under what conditions, salary …
Having made these valuations, it is important to consider whether to use equity (if we invest our money) or will need external financing, such as a loan.
All these issues ultimately will affect the calculation of the purchase price of the goods or service, we deem to be essential for viability set (our profit) and minimum business income (turnover).
Registration tax
When the customer goes to the professional study of economics and will start a business, the first question that arises is: how, where and when to register for the DGI (Internal Revenue) and other taxes and / or agencies.
For the professional to give an adequate response to their needs and provide the best advice, it is essential to know all the aspects that have been listed previously. Learn how to operate the business, will help you find what the controversial aspects and how they should address the venture to be successful.
If the business will be one-person (if it will be the name of a single person) must register with the DGI to get your ID, which is the key or number that identifies the entity tax payers and that is the first step to initiate any other official procedures. This registration is required for clearance (in case you have to be done), and to register for other agencies, such as the Revenue Department.
The registration is done by submitting a form (F.460 / F), where detailed personal information such as: name, home address, ID number, date of birth, activity, date of commencement of activities, and the activity code. Also manifest the taxes that must be noted: If you register as self-employed for retirement, and / or employer in the case that employees had dependents.
Regarding taxes, the small taxpayer may elect (provided that the activity is permitted and suits from a tax standpoint) as Monotributo, or as a Registered Manager in the Value Added Tax (VAT) and tax Income. If it is a professional, you add these options to be responsible for VAT Registered No
It is essential to be properly advised, since any error in registration in the tax affect the cost of what you sell, or service to be provided and subsequent profit. This error can cause an increase in the price of our product, with consequent impact on our competitiveness in the market.
In the next installment will detail the options entered in the various duties and in the autonomous regime. Also give examples of activities and taxes that affect them.
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