One of the important issues when opening a business is the legal accounting requirementsessential for any serious project, not only because they will limit us in the number of clients who choose us as suppliers, but also because they will speak of the professional image that we generate.
Below we are going to know, in general terms, what requirements the Federal Administration of Public Revenues (AFIP) establishes to start a business and then we are going to clarify some questions about it.
AFIP: requirements to open a business
- Y , that is, the Unique Tax Identification Code with which self-employed workers, businesses and companies are identified. Also, depending on the address of your business, you have to register in ARBA (for the Province of Buenos Aires) or in the Revenue Office of your province;
- ;
- Decide the legal form that your business will have. For example, you can or a (Limited Liability Company);
- Define if you will be a monotributist or registered responsible.
In relation to this last point and to address the frequent queries of entrepreneurs regarding taxes, we share the responses of Leonel Gierbergpublic accountant and Argentine entrepreneur.
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1.- According to your experience as the owner of an online store, what tax figure do you recommend to undertake and comply with the law?
For a microenterprise where, by definition, billing levels are low, the most recommended figure is the monotax and/or simplified regime because it has a very low cost.
Each one can also self-manage it without the need for an accountant. Now, when the enterprise has higher billing amounts, it will fall under the General Regime, either as a natural person or as a legal entity (in case of constituting a company).
2.- For those who choose to register as monotributistas, what category is it advisable to start with?
To start, it is convenient to category B or C, because it is the one with the lowest monthly cost. As the turnover of your business increases, you have to do a recategorization, which can be done twice a year, not only increasing the category, but also lowering the category if the enterprise is seasonal.
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3.- How and where do you have to recategorize yourself when the expected sales are exceeded?
The procedure is carried out directly from the page Entering by Fiscal Key by submitting a Sworn Statement (DDJJ).
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4.- When a venture is comprised of two or more partners, is it recommended that each one be a monotributist?
If there are two or three and there is not a de facto company between them, they can establish the de facto company (which can be registered in the monotax) or make one of those regulated by Law 19,550.
There cannot be two monotributistas (two CUIT) exercising the same activity simultaneously in the same place, the law does not allow it; they must be enrolled in different activities and have separate physical spaces, if they are in the same place.
5.- Being monotributistas, what happens with the invoice stubs?
Invoice stubs are not presented unless expressly and reliably requested by AFIP. In addition, due to the new regulations there will be no more checkbooks, for 2019 all categories will have to do and for some time it is not necessary to have a backup checkbook for when the system does not work.
6.- Regarding other taxes, such as VAT or income tax, when are they paid?
Both the Value Added Tax (VAT) and the Income Tax are integrated into the monotax.
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The only taxes that you have to register and settle separately are the Gross Income Tax (which also has a simplified regime for taxpayers whose activity takes place in a single jurisdiction or by Multilateral Agreement to sell or provide services in several Provinces) .
I want to clarify that many people who believe that only signing up for a monotax are in order, and the reality is that the other leg is missing, which is, as I mentioned before, signing up for Gross Income.
If they are domiciled in CABA, there is an important exemption from the tax for professionals with careers whose study plans are greater than 4 years, in which case they are exempt (for the billing of fees for the exercise of that profession).
7.- At what point is it essential to hire an accountant in a business?
The advice of the accountant goes beyond what is normally thought. The figure of the accountant is not, as is classically thought, that of a salary adjuster or a tax adjuster.
The accountant can help make the evaluation of any commercial or industrial project. Although the performance of the professional is only essential for companies (from the constitution, pre-qualifications, preparation of balance sheets, auditing them, etc.), the accountant can be a very useful human value when calculating a recovery of an investment. , a projection of income, the calculation of costs, the , among others.
Do you have more doubts? Share them in the comments of the post!
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