Difficult financials

We provide professional financial services, including solutions to difficult financial problems. Here's an introduction to troubled financial services:

1. Financial Analysis and Adjustment:Our team of professionals will help you analyze your financial data, identify potential problems, and make adjustments accordingly. We'll work with you to help you optimize your financial structure and increase the profitability of your business.

2. Tax Planning & Optimization:We understand the complexities of tax laws and regulations and can provide you with professional tax planning advice to help you legally reduce your tax burden, optimize your tax structure, and ensure compliance with relevant regulations.

3. Fund Management & Optimization: We will help you manage and optimize your company's cash flow and ensure the rational use of funds. We can help you develop an effective funding plan, optimize your funding structure, and provide related consulting services.

4. Risk Assessment and Prevention: We will help you assess potential financial risks and develop corresponding preventive measures. Our professional team will provide you with comprehensive risk management consulting services to ensure that your business is equipped to respond to various risk challenges.

No matter what difficult financial issues you face, our team will be happy to provide you with high-quality services.

Common and difficult financial problems for small and medium-sized enterprises

The financial irregularities of small and medium-sized enterprises have both subjective and objective reasons. The objective reasons mainly include: the company's financial strength is relatively weak in the early stage of entrepreneurship, the living environment is poor, and the level of financial personnel is relatively low. The subjective reasons mainly include: a strong willingness to avoid taxes, insufficient understanding of the importance of standardized operation, and non-standard management and internal control.

The problem of enterprise financial norms can be divided into two categories: first, it is the financial irregularity formed by the business activities of the enterprise, that is, the non-standard business activities of the enterprise lead to the irregularity of accounting, such as the non-invoicing of sales, the absence of warehousing orders and the lack of detailed accounts of inventory, etc. Second, it is the irregularity caused by the non-compliance of accounting standards in accounting, mainly due to the fact that the financial personnel of the enterprise are not in place and cannot correctly understand the accounting standards, resulting in confusion in financial processing.  

1、Financial irregularities formed by business activities

1. The original capital contribution is not standardized. Such as: false capital contribution, capital contribution, capital contribution method, false or inadequate capital contribution, capital contribution with the company's own asset evaluation, incomplete capital verification procedures, etc.;  

2. Non-standard procurement, production, sales and other main business operations. For example, in order to save money, do not invoice for procurement, do not pay taxes or invoices for sales, and do not pay social security and provident fund for hiring workers; 

3. Non-standard investment activities. For example, the purchase of equipment does not obtain legal bills, and the purchase and construction of plants do not go through statutory registration procedures;  

4. Non-standard fund management. For example, the company's funds are not separated from shareholders' funds, and the company's funds are not separated from personal deposits; the company does not have an independent accounting department and has not established an independent accounting system; the company does not open an independent bank account, shares a bank account with the controlling shareholder, and deposits the funds into the financial company or settlement center account of the controlling shareholder;  

5. The accounting subject is unclear and there are integrity problems. For example, multiple accounting entities are confused with each other, personal income and expenditure are not separated from the company's income and expenditure, and the company sets up multiple sets of accounts;

6. Property rights issues. The company's houses, land, equipment, and intellectual property rights are registered in the name of individuals or cannot obtain property rights, etc.; 

7. Irregular tax payment. The company's tax payment is not standardized, there is tax theft, tax evasion or non-timely tax payment, and the company does not pay taxes independently in accordance with the law;  

8. Illegal occupation of funds. Occupy the company's funds by borrowing, repaying debts, advancing funds or other means;  

9. Other violations. There are violations of entrusted wealth management, illegal loan guarantees and lawsuits, illegal issuance of securities, etc., and violations of relevant regulations on industry and commerce, taxation, land, environmental protection, and customs. For example, some commercial enterprises issue token coupons and shopping cards. In addition, problems such as incomplete assets, non-independent personnel, non-independent finance, non-independent institutions, non-independent businesses, irregular employee or management shareholdings, and ineffective implementation of internal control systems will lead to irregular financial treatment.

2、Improper accounting treatment leads to financial irregularities 

The reasons for such irregularities can be divided into two categories: one is caused by subjective intention, and the financial personnel adopt incorrect financial treatment methods for one or more purposes to change the company's financial reports; the other is due to insufficient business level and unfamiliarity with accounting standards and accounting systems, resulting in non-standard financial processing. It is mainly manifested in the following aspects:  

1. Accounting policies and accounting estimation methods are incorrect or arbitrarily changed. For example, arbitrarily changing the depreciation method, interest capitalization, and unreasonable recognition of income.  

2. The provision for asset impairment is not standardized. For example, the eight provisions for asset impairment are arbitrarily accrued, the provision for asset impairment is inconsistent with the company's corresponding asset status, and there is a situation where the withdrawal and reversal of asset impairment provisions are used to adjust profits.

3. The principle of sales revenue recognition is not standardized. Revenue is not recognized according to the principle of revenue recognition, for example, revenue is recognized on a cash basis, revenue is recognized on the basis of invoices, etc.  

4. Arbitrarily accrue or amortize expenses. It is usually manifested in the fact that the recognition and amortization of the company's advertising expenses, R&D expenses, interest expenses and start-up expenses do not comply with the provisions of the accounting system, and the revenue expenses are regarded as capital expenditures, and the relevant costs and expenses are significantly lower than the amortization of relevant assets, and the company cannot reasonably explain them.  

5. The recognition of investment income is not standardized. It is usually manifested in the investment agreement that the return on investment is too high, and the investment income is recognized earlier than the actual investment.  

6. Ignoring the handling of related party transactions. Purchasing raw materials from related parties at low prices and selling products to related parties at high prices, occupying the funds or assets of related parties without compensation, entrusting the operation of non-performing assets to the parent company and receiving a fixed amount of returns, holding companies leaving high-profitability assets in the form of low returns to the joint-stock company to directly fill the company's profits, and vague information disclosure and avoiding sensitive matters.

7. Accounting is handled arbitrarily and the basic accounting work is not standardized. The preparation of accounting statements is full of contradictions and loopholes; there is a lack of reasonable collusion between accounting statements, or the financial data are contradictory, making it impossible to make judgments on the authenticity and integrity of the company's assets or earnings; there are major abnormal changes in important accounting items, and the company is unable to provide sufficient basis to make reasonable explanations.