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We inform you of important matters related to the 2017 tax reform and share related materials.
1. Optimize Your Practice with Compliant Management Software
Update or equip yourself with firm management software that complies with the requirements of the tax administration (impossibility of canceling memories without leaving a trace, sequential numbering of memories) and allowing you to export and to inject the memories in a single daily entry into the accounting program.
Ideally, the software allows you to record all of the firm’s expenses, then inject this data into the accounting program. Otherwise, all of the accounting documents related to expenses could be entrusted, as in the past, to the trustee who will process the data.
2. Streamline Finances with Dedicated Credit and Debit Accounts
Strictly separate professional accounts from private accounts. To this end, it seems wise to us to have one or possibly two professional Credit accounts and a Debit Account. It is essential to dedicate one or possibly two “Credit” bank accounts to the sole payment of invoices. On these accounts, only account management fees and transfers of funds to a second “Debit” account dedicated to the sole payment of the firm’s costs (supplier invoices, salaries, social security contributions, etc.) and private withdrawals ( ideally transfers to a completely private account).
In practice, it seems the simplest to keep operational the accounts currently appearing on your invoices, and to dissociate from them all purely private operations linked to this account (example: private direct debits, private credit cards, etc. ).
3. Streamline Finances with Dedicated Credit and Debit Accounts
Remember to organize so that by 12/31/2017, all professional transfers or direct debits are linked to these dedicated accounts. In particular, it is necessary to require that the CNS make transfers for third-party payments/work accidents etc. to the “Credit” accounts from 1.1.2018. It is therefore essential to make them aware of the possible change of account as soon as possible.
On the debtor side, it is urgent to take care of notifying any service provider (water, gas, electricity, internet, telephone, GSM, insurance, etc.) having a standing order or authorization for automatic debit of the change of account to be debited.
