Key Note: Under no circumstances should the services of Business Administrator replace the services of qualified accountants and auditors. This is because much of tax, as in law, is defined by interpretation, implementation and application. Though it will always try, Business Administrator will never be able to replace these essential business services.
Competent reporting
Business Administrator can, however, produce competent reports that will make life easier for accountants and auditors, which, in turn, should save you administrative fees and time.
Business Administrator also provides a myriad of live reporting services, which accountants and auditors cannot do. It can easily produce business reports to show how your business is growing, cost reports so you can find where your biggest expenditures, and thus savings, are, and it can produce a variety of preliminary reports to show you how you finances are performing.
Tax reporting
Business Administrator does not report for tax directly to government or even to an accountant, but does produce a variety of reports to help with such reporting.
Tax calculation
Business Administrator does not calculate taxes other than some that businesses are expected to calculate in the course of trade, such as VAT. Instead, Business Administrator produces reports for accountants to calculate due taxes.
In addition, Business Administrator calculates tax for the legal entity. If you have sub-businesses, then they are consider to be parts of the legal entity, and the legal entity encompasses them all: Business Administrator considers them all to be one entity.