Business

The Legal Options for the Taxes

Dealing with revenue of the country can sometimes be headaches. In order to avoid having to make several calls to this institution and multiply reporting errors , a tax expert can easily disentangle your situation and you will thus have the minimum number of communications to maintain with Revenue of the country .

A tax expert saves you time

Entrepreneurs will understand, there are never enough hours in a week to complete all the work that the country SME requires. As the saying goes “time is money”. Doing business with a tax expert saves you the time you desperately need to run your business. A tax expert is a tax specialist. Entrust your statements to him and concentrate your efforts elsewhere.

Hiring a tax expert reduces the risk of error and unintentional fraud

Although you can do your tax return yourself, when you don’t know much about taxes, the risk of making mistakes is great. If you don’t want to risk being accused of fraud for a simple transcription error or ignorance of the system, call a tax expert.

If you are in any of the following situations, you must file an income tax return:

You have your home (usual residence) or your main place of stay in France (as a general rule if you stay there for more than 6 months per year).

You carry out your main professional activity

  • You have the center of your economic interests in France (your main investments or your business headquarters).
  • If you were 18 in year N and you are no longer attached to your parents’ tax household, you must now fulfill your own tax obligations.
  • People not domiciled must also submit an income tax return, if they have income from French sources (they are then taxed on this income only). The taxation of these persons only applies subject to international conventions concluded.
  • Subscribing the income statement before the deadline is therefore an important act in the life of every citizen, regardless of the level of their income.

Respecting the deadline is important: failure to submit the declaration on time results in the application of an increase of:

10% if you have filed without formal notice to file from the administration or if you have filed your declaration within thirty days of receiving a formal notice. 40% if you have deposited within thirty days of receiving a formal notice. Make use of the tax return calculator for the right calculation.

Conclusion

If you are declaring for the first time, obtain the tax return n ° 2042 from a public finance center or from the impots.gouv.fr website. You must complete all the information requested on the first page, declare your income and expenses and complete the form included in the declaration (providing the documents indicated). Send your declaration at the center of public finances of your place of residence at 1 set January 2020.

Claire David White
Claire White: Claire, a consumer psychologist, offers unique insights into consumer behavior and market research in her blog.