Tax planning for micro and small businesses: case study in a service provider

Abstract

The present work discussed the usefulness of tax planning for micro and small companies to remain in the market, while not only fulfilling their main and accessory obligations, but seeking to plan their options in the face of a complex National Tax System with a high tax burden. The objective of this study was to evaluate the most favorable tax model for a small company providing electrical installation and maintenance services, established in Rondonópolis - Mato Grosso and to identify which quantitative aspects should be considered for the decision on the model to be adopted. As a methodology, a descriptive approach was used to understand how the legislation requires elements for the analysis that took place in a quantitative way for the comparison, the research was, then, bibliographical applied to a case study with the purpose of comparing the Simples Nacional and Presumed Profit tax regimes based on the entity's fiscal and accounting data in 2020. In the study, the Actual Profit was not considered due to the greater complexity of its requirements and formalities. Tax calculations were carried out in the form of the Presumed Profit and the Simples Nacional, the current regime of the entity under study, in order to analyze the least onerous tax regime for the company. Through the results achieved in the case under analysis, it was found that the Simples Nacional represents greater tax savings, in addition to greater net profit in the year, to the detriment of the Presumed Profit. For this conclusion to be possible, the main variables were Gross Revenue, as well as Payroll and Social Security Charges. In this study, therefore, as relevant factors for choosing the taxation model, the economic activity carried out for the purpose of determining the Annexes and Presumption Percentages, the company's invoicing and payroll, which can increase expenses taxes on Assumed Profit.