The fourth phase of the Golden Tax will be launched on August 1, 2021. What conditions will be subject to key supervision from August? Companies will be scrutinized by then Account, money, taxes, and additionally the boss’s personal bank records.

Under the fourth phase, how to save taxes and avoid risks, especially the personal risks of the boss, how to safely get the money from the company, you have to be aware of these:

1. What behaviors will be subject to key supervision from August?

-A single or cumulative transaction amount of 50,000 or more in one day

-The transaction between one company and another company exceeds 2 million yuan or more

-Private account transfer amount exceeds RMB 500,000 in China

-Private account transfer amount exceeds 200,000 to overseas

-Small-scale enterprises often generate tens of millions of turnover

-Abnormal situation of transfer in and out, transfer out in batches

-Abnormal circumstances of transfer in and out, transfer in in batches

-The business scope of the company is not related to the flow of funds

2. Which issues left over from the history of the enterprise will be fined, and may even go to prison?

-AB accounts (two sets of accounts), three sets of accounts

-Withdrawal of registered capital or excessive registered capital

-Out-of-book funds flow back, and other payables are too large

-Purchase and sale invoices, falsely issuing specific value-added tax invoices

-The amount of transferring from the company’s accounts to private accounts exceeds 200,000, without the IOU, and also have not returned it at the end of the year

-Commercial rebate issues

-No need to pay items

-Non-compliant bills

-Issues of unreasonable reimbursement and early invoicing

-Issues concerning the handling of financial subsidies

-Defects in book records

-The big amount on accounts payable which cannot pay

-Inconsistent inventory accounts

-Public accounts frequently transfer funds to private accounts in a short period of time, or the company frequently receives private account transfers

-Frequent opening and closing of accounts, there are still a lot of fund activities before closing

-An account that has been idle for a long time is suddenly activated and has a large amount of fund activity