As the tax reporting deadline for the year 2024 approaches on April 30, 2024, it sheds light on several challenges faced by Micro, Small, and Medium Enterprises (MSMEs) in managing their tax obligations. As a partner accompanying MSMEs, KJA PT Sazanka Finansial Advisor summarizes some of the main challenges encountered by MSMEs in taxation.
Limited Tax Knowledge: Many MSMEs have limited knowledge of taxation. Lack of understanding of tax rules can lead to non-compliance and even unnecessary tax penalties.
Limited Human Resources: Many MSMEs have limited teams in terms of both number and expertise. A shortage of skilled personnel in tax matters can hinder a company's ability to comply with tax regulations correctly.
Rapid Changes in Tax Regulations: Frequently changing tax regulations can be a challenge for MSMEs. They must continuously update their knowledge of new regulations and ensure that their tax practices always comply with current regulations.
Difficulty in Generating Accurate Financial Reports: MSMEs often struggle to produce accurate financial reports. This can be due to a lack of efficient accounting systems or a lack of knowledge about applicable financial reporting standards.
Need to Improve Access to Resources and Assistance: MSMEs need better access to resources and assistance in taxation. Support from experts and experienced parties like KJA PT Sazanka Finansial Advisor can help MSMEs overcome these challenges.
KJA PT Sazanka Finansial Advisor is ready to be a partner for MSMEs in addressing their tax challenges. With our experience and expertise, we are committed to helping MSMEs achieve optimal tax compliance and improve their financial performance.
Talk to Our Experts :
Hananto Pandu SE., S.Kom., Ak., CA., CPA., ASEAN CPA. - 0896 3626 1684
Houtman Tua Sihite SE., Ak., CA. - 0896 9353 6090
Best Regards,
KJA PT Sazanka Finansial Advisor