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Argument : Your Business is Good
Based on: Risk analysis/Info by third party/Specific
Industries/Location/Certain Group of Taxpayers
* Your task must have info
for the same type of wholesaler / retailer which achieving the same or
different % margin.
* Your task involves - comparing competitor’s information (same type
of industries)
- comparing competitor’s business within the location,
sales volume, stock volume especially.
Your account shows that:
01. No use bank credit or
using less credit.
02. Your business dealing
with cash base more than credit base.
03. Pay tax less or same even
sales volume big.
04. Gross
Profit margin doesn’t change even
inflation.
05. Buy luxurious car, or
luxurious fixed assets.
06. Buy a lot of physical stock, but report quite the same.
07. Buy a lot of physical stock, but sales quite the same.
08. Buy insured value on
fixed asset higher each year, but value on reported physical fixed asset less.
09. Use cheque
exchange cash. Means you have a lot of cash that people want to exchange with.
10.
Using personal saving accounts as in term of business transactions.
a. argument you
might miss out reporting your income.
b. argument you
might not report the income.
11.
Popular words:
If you couldn’t provide
sufficient records, your accounts is not fully 100% true.
Therefore the money already spent for the
luxurious item is meant for tax actually.
In other words, you have made a profit that you are
able to buy luxurious item.
12. Directors / bosses have
all the good assets, while company poor with tax, and poor conditions.
Poor conditions such as
a) physical
environment – poor building, surroundings, no security, no alarm system
b) poor
management - few employees, or doesn’t have good skilled worker for biz
operation.
13. Messing up most personal expenses for business expenses.
14. Directors or bosses making frequently advance too much, it may treat as
personal salary,
for PCB Deduction and penalty.