2014-02-07 14:45:33

1. The unrealized expenses that were adjusted and decreased by an accountant in the previous period have been realized this period and adjusted and increased. The common mistake is the increased amount does not match with the amount in the report from the last period and no reason was stated. 2. One common mistake is that when businesses don’t report travel expenses, they don’t provide business trip reports detailing the daily travel destinations, parties visited, etc. according to Article 74 Subparagraph 1 of The Guidelines for Examination of Profit-seeking Enterprise Income Tax. They also fail to provide the proof of sufficient funds and business related documents. 3. When businesses report commission expenses, they should provide contracts or other documents related to the intermediary agencies. For export commission that is over 5% of the price of exported products, the reason and document proof should be provided.