Research On The Tax Risk Management Of Sinocare Inc Based On Accounting Analysis

At present,the enterprises in China generally lack of identification methods and management systems about tax risk.The tax risk of the enterprise comes from the production and business operation activities,and is bound to be reflected in the accounting data.Therefore,there is high feasibility and directionality to apply the accounting analysis method to identify and assess the tax risks.With the concept of accounting analysis,this paper has made identification and evaluation of tax risk from two aspects including accounting policy analysis and accounting data analysis,based on which it has created the tax risk management system.Sinocare Inc.is a manufacturer of medical devices,whose products are characterized by high technology,large value-added space,and strong profitability and so on.But the overall tax burden level is not high,and it continued a trend of decline.This company still faces with certain tax risk because its tax-related matters are relatively complex,and it lacks experience of accounting treatments,etc.This paper has adopted the combination of theory and practice and the research methods of qualitative judgment and quantitative analysis to make comprehensive analysis of the potential tax risk problems of Sinocare Inc.With application of Dupont analysis method and tax assessment index method,this paper has detected that the company has certain tax risks in terms of value added tax and corporate income tax,and faces risks in fields of revenue management,R&D management,and asset management.Besides,it has further analyzed the causes of the company's tax risks,which include distemperedness of organization,lagging behind of tax adjustment,the manager level's low awareness to risks and lack of professional staff,etc.Meanwhile,it has designed a tax risk management system including organization structure,index system and safeguard measures which can provide the company with good prevention and control function towards its potential tax risks,and other companies with similar problems can also draw their lessons from this paper.In this paper,the research significance is embodied in the tax risk analysis methods and means of innovation.