Exaggerating Expenses or Hiding Income
Why is it done: This mistake, which is made in order to reduce the tax burden, is one of the most common tax evasion methods.
Results: When detected during a tax audit, it results in heavy penalties and loss of reputation.
Ways to Prevent:
Recording all expenses and incomes accurately and in detail,
Keeping income and expense documents,
Using an independent accounting system,
Receiving regular consultancy from tax experts.
Filing Incorrect Tax Returns
Why is it done: It occurs as a result of ignorance, incorrect calculations or deliberate mistakes.
Results: In addition to the tax penalties incurred, interest and delay penalties may also have to be paid.
Ways to Prevent:
Preparing tax returns on time and correctly,
Following the changes in tax legislation,
Getting support from experts in tax calculations.
Representing Special Expenses as Company Expenses
Why is it done: It is done in order to reduce company profits and tax burden.
Results: When detected during a tax audit, criminal proceedings may be initiated against both the company and the person concerned.
Ways to Prevent:
Separating private expenses from company expenses,
Examining expense documents in detail,
Being prepared for tax audits.
Cash Irregularities
Why Do They Work: They occur as a result of situations such as not recording all income or overstating expenses.
Results: When detected during a tax audit, the company’s reputation may be damaged and it may face criminal sanctions.
Ways to Prevent:
Regularly monitoring cash transactions,
Keeping the cash book correctly,
Conducting cash checks.
Concealing Transactions Made in an Electronic Environment
Why Do They Work: It is carried out with the idea that transactions made in an electronic environment will not leave a trace.
Results: When detected during a tax audit, it may cause all transactions made in an electronic environment to be examined.
Ways to Prevent:
Recording all transactions made in an electronic environment,
Acting in accordance with electronic ledger applications.