Methods of reducing company costs

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During difficult times, it is especially important to analyze and optimize the company's costs. We suggest you familiarize yourself with nine simple ways to solve this problem.

Conducting an analysis of the tax base
The first step is to study the tax legislation. Only by carefully reading the Tax Code can you find legal ways to reduce the tax burden that are suitable for your business.

It is worth paying attention to the choice of taxation system. The transition to the simplified taxation system (STS) will significantly reduce payments. In particular, when using the STS, you can avoid paying VAT, income tax and property tax.

Conducting an analysis of the tax base

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The OSNO is free from restrictions singapore email list in the field of types of activities, full-time employees and financial limits. If the revenue of a company or private entrepreneur does not reach the mark of 2 billion rubles over a period of three months, the enterprise is exempt from paying VAT.

For a number of irregular tasks, it is acceptable to use the services of self-employed persons instead of hiring new workers. Some tasks can be outsourced, which will reduce tax and insurance payments.

Reviewing rental options
Try to negotiate with the owners of the premises to reduce the rent or look for alternative options. In the city center, rent may be higher, while in the outskirts, prices are lower, but the quality and conditions are no worse. It is important to quickly sort out logistics issues and think about the convenience of deliveries and transportation of employees to the workplace.

Leasing instead of buying
Using leasing to purchase vehicles and special equipment will help reduce tax liabilities.

For example, companies operating on the general taxation system can very profitably use the VAT deduction on invoices from the lessor, and enterprises operating on the simplified system have the opportunity to reduce the amount of income tax depending on the amount of payments.

If you have to participate in a tender and require a certain amount of equipment for a certain period of time, you can avoid the costs of purchasing or using borrowed funds, which can sometimes seriously damage the financial stability of the company.

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Review your supplier list
It is recommended to create a database of reliable suppliers, which will help optimize your activities and ensure effective interaction with them. If the main partner does not cope with deliveries, look for alternative offers from other companies. They will be happy to help in case of force majeure.