Disgraceful practices sometimes occur in the business world, such as taking money from a company, which refers to the use of company funds for personal purposes rather than legitimate business purposes. Although this behavior may seem tempting, it has huge risks
The four streams are inconsistent
There is an invoice flow and a capital flow, there is no contract and logistics information, if it is a cargo, then there is no corresponding inventory, if it is a service, there is no content, result, and certificate.
Increased revenue for the company
If there is no corresponding cost expenditure, then the company's profit will be high, and the value-added tax can be controlled and exempted from taxation but the enterprise income tax will be paid.
Off-the-books income is easily exposed
Once investigated, the proof of the boss's private account funds is not clear, and the company's income is not applied for tax, and the false invoice faces high individual income tax in addition to bearing back taxes and fines.
Collecting money from a company is an extremely dangerous act that not only violates the law, but also damages our reputation and interests, so we should maintain integrity and professional ethics and comply with the relevant regulations. If you still have any questions about corporate taxation or company registration, please feel free to consult me, I will be happy to answer for you!