Effective business operations in modern conditions require comprehensive control over the state of accounting and tax records. At the same time, frequent changes in legislation create the need for regular monitoring. Timely tracking and managing both aspects can be challenging and often requires additional resources and expertise.
Marillion team provides services for reviewing the state of accounting and tax records. This review helps identify problem areas and obtain detailed practical recommendations regarding measures to reduce identified risks.
When should a review of records be conducted
A comprehensive review of accounting and tax records can be valuable to a business in the following situations:
- For business owners to make management decisions;
- For the finance team to avoid penalties associated with incorrect accounting and tax reporting;
- When key accounting personnel are being replaced;
- When preparing for tax audits.
Why Marillion?
Our expertise combines cross-industry knowledge with a deep understanding of local regulations, allowing us to offer a wide range of professional services.
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| 30+ years of experience | Ranked among the top 8 largest audit & advisory groups in Russia | 'Single window' and cross-industry expertise | |
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| Transparent pricing, fixed cost of consultations | Individual approach: we always consider the industry and business specifics | ||
Value of a professional review of records for your business
- Ensure the accuracy of bookkeeping and tax data, improving financial transparency;
- Obtain insights into the correctness of tax return preparation and the materiality of existing tax risks;
- Receive expert support for resolving complex legal issues identified during the review;
- Evaluate the appropriateness of accounting methodology and internal regulatory documents, as well as determine if revisions or updates are necessary;
- Gain practical recommendations for adjustments to your accounting and reporting processes to increase the efficiency of your finance function.
Scope of review
- Analysis of accounting policies (including for tax purposes);
- Document flow: assessment of compliance with legal requirements;
- Analysis of the correctness of accounting by balance sheet sections (non-current and current assets, equity, short- and long-term liabilities);
- Review of compliance with cash handling procedures;
- Analysis of compliance with foreign exchange control requirements.
- Corporate Income Tax
- Verification of taxable base calculations;
- Analysis of revenues, expenses and primary documentation (including correctness of form) for tax compliance;
- Review of accuracy and timeliness of income tax returns, including for tax agents and across business units.
- Value-Added Tax (VAT)
- Review of VAT base calculation and the appropriateness of applied tax rates;
- Analysis of VAT deductions, procedures for separate accounting, and fulfilment of tax agent obligations.
- Other taxes
- Verification of completeness of liability calculations for other taxes such as property, land and transport taxes.
- Review of payroll calculations for compliance with labor legislation and internal regulations;
- Review of payroll-related taxes and contributions (personal income tax, insurance contributions).
- Verification of internal regulatory documents governing employment relations and compensation (e.g., internal labor regulations, remuneration policies) and their compliance with Russian labor law;
- Review of personnel records, including employment agreements, civil contracts, organizational charts, vacation schedules, and time sheets.
