Imagine the situation: your company has signed a large contract with one of the partners, and you urgently need to pay for the work performed or supplies. However, the bank refuses to carry out the transaction due to suspicious transactions on the account, and the counterparty insists on immediate payment. What to do?
This is where cashing out comes to the rescue. It allows you to quickly withdraw money from a corporate account and make a payment in cash. This is usually done through front companies or individuals who help to cash out funds. After that, you transfer the required amount to the partner, avoiding the lengthy process of approving the payment through the bank.
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Tax optimization
Another reason why businesses resort to colombia phone data cashing out is the so-called "optimization" of taxes. It seems logical: less taxes means more profit. But the reality is much more complicated.
Tax optimization
Source: shutterstock.com
The essence of the method is that the company artificially inflates its expenses in order to reduce the taxable base. For example, a fictitious transaction is created with a one-day company that supposedly provides some services or supplies goods. The money is transferred to the account of this company, and then returned back in cash. Thus, the enterprise shows a loss, reducing its profit and, accordingly, tax liabilities.
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Alexander Kuleshov
Alexander Kuleshov
General Director of Sales Generator LLC
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Over the past 7 years, we have conducted over 23,000 comprehensive website audits and I have learned that all of us as leaders need clear and working algorithms for our marketing and sales.
Today we will share with you the 5 most valuable documents that we have developed for our clients.
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How to find out the 5 key marketing metrics in your company?
Step-by-step calculation template with fields where you can insert your data
How to make a KPI for a sales manager based on his work results?
Current template for calculating KPI for sales manager
9 Examples of Universal Selling Commercial Proposals
Upgrade your CPs to close more deals
Cold Lead Processing Script Template
A checklist of ready-made questions for engaging cold clients
7 Profitable Marketing Strategies Examples
Will help increase customer flow by at least 30%
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