One of the main tools in the bank trading today is the so-called transfer of taxes and social insurance. Simply make payment of such tax liability for the company, is a juicy way to compensate and motivate the banking business with financial institutions.
Numerous companies now have their taxes and social insurance to banks, so they load into account the last day of the pay period, if payment is not made before that date by fear of failure may not settle to time.
However, in the protocol negotiations that companies have with their financial institutions, this section takes on importance, but could very favorable for the company, while still achieving satisfaction in the bank. Today, treasurers need to be adept at negotiating with financial institutions, as they are fully immersed in a rivalry to be the entity that performs recovery of various taxes and social insurance. In this continuous struggle with the banks to be first is where the company will be able to get the benefit of being able later to pay tax and social obligations. Read the rest of this entry »