Well. it's not that difficult. But you still need your time. Good thing I had done my control of the accounts involved previously. That's always an good idea. It really saves you a ton of work at the due date. But vefore you're going to submit the report I always look the accounts over one more time. This sepeerates an experienced accountant from an amateur. But without 1 change that still had to be made it was all fine.
Next I looked at the online Account with the Austrian Tax Authority. Turns out that we had to prepare the Coprporate Tax payment for June. But with me having access to all that information it was pretty much a piece of cake and I did know exactly what we were owing the government... VAT, import tax and corporate tax.
After about 1 hour work I submitted the tax report to the authorities and even entered the amount owed in the online banking app. But I wasn't going to pay the government earlier. That would be paid exactly when the debt was due.
While doing VAT reports can be a pain in the ass for young accountants, I really don't mind it. On the one hand it is an important part of my job and on the other hand it gives you the opportunity to look your accounts over one more time and sometimes you find entries that need to be questioned for a second time. So I really don't consider that a time wasted.
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