Tax reporting as a strategic tool for business communications and management decision-making

Abstract

In the context of economic globalization and integration into world markets, tax reporting is becoming important not only as a tool for fiscal control, but also as a way to conduct business communications. Increasing requirements for business transparency and compliance with legal regulations require proper and timely submission of tax reports. The purpose of the study: to determine the role of tax reporting as a strategic tool for ensuring effective business communications and making management decisions aimed at the financial sustainability of the enterprise.

Research methods: to achieve the goal, the methods of analysis, comparison, systematization and generalization of tax processes at enterprises were used.  Research results. The results of the study show that the level of tax burden is one of the most important factors affecting the financial stability of an enterprise. It is determined that a high level of tax burden can lead to a decrease in the liquidity of the enterprise and an increase in financial risks. The relationship between accounts receivable and payable and tax liabilities is generalized, which allows for a more accurate assessment of financial risks and identification of potential threats to the fulfillment of the company's obligations. It is established that the effectiveness of tax reporting largely depends on the organization of business communications within the enterprise and with external regulatory authorities. Clear and coordinated interaction between various participants in the process allows for correct and timely reporting, which, in turn, has a positive impact on the fulfillment of tax obligations. The use of modern digital tools can significantly reduce administrative costs, reduce the time spent on reporting, and improve the financial discipline of enterprises. Conclusions. It is established that the proper organization of internal communications, effective tax burden planning and the introduction of reporting automation contribute to reducing tax risks and increasing the financial stability of enterprises. The proposed form of internal tax and analytical reporting allows enterprises to timely assess tax risks, optimize tax expenditures and ensure transparency in their interaction with regulatory authorities.