How to reduce losses in 2017

When compiling tax returns, many novice entrepreneurs face certain difficulties. So, for example, they have to indicate that during the reporting period their organization had only losses in its assets. How to reduce losses and start making a profit so that the tax inspectorate does not have an extra reason to rush into the audit?

Instruction manual

1

Analyze the activities of your company and the appropriateness of certain expenses. Reduce hospitality and bonuses and bonuses for your organization.

2

Warn your subordinates about a possible temporary reduction in wages. Try to compensate for the decrease in employee salaries by some intangible benefits. If necessary, carry out the reduction of staff, warning employees about this for 2 months. Coordinate your actions with the labor inspectorate.

3

Do not enter into mediation agreements with dubious investors and suppliers or for purposes that are far from economic benefits (for example, assistance to related enterprises). If the suppliers caused you losses, contact the court in order to impose a fine on them in the amount of these losses.

4

On your own or with the help of specialists, conduct a new market monitoring to identify circumstances that impede the promotion of your product or the break-even activity of your organization.

5

Reduce the cost of goods if you produce products. Increase selling prices for your products (for manufacturers). Do not forget to negotiate new prices with your regular customers.

6

Buy popular product groups in bulk, with substantial discounts. Increase the value of goods that you sell at retail (for merchants). Be sure to coordinate these prices with the tax and trade inspection. Consider the general state of the market when raising prices.

7

Be sure to insure the property of your organization. If in the future losses will occur due to reasons beyond your control (natural disaster, theft), then subject to the insurance contract, they will be reimbursed.