Free Web NovelChapter 25: Chapter 25: Tax Audit
As for Hailufeng Company, it generated 40.37 million yuan in revenue this past December of ’24, bringing the total revenue for the year to 140 million yuan.
However, due to Jiang Miao’s year-end spending spree, the company’s net profit was only 57.31 million yuan.
This was still a decent net profit, and it also contributed 20.05 million yuan in taxes to the local area.
The audit division of the city’s tax bureau.
The tax auditors were in the process of reviewing the documents Ye Meijing had brought over.
"Your company is a sole proprietorship, which means you need to pay personal income tax for the legal representative. The tax rate is 35% of the annual net profit...
Your declared annual net profit is 57,311,251 yuan, and the tax payable is 20,058,937 yuan. Please sign here to confirm everything is correct."
Ye Meijing nodded. "Everything is correct."
She signed the declaration form.
Shortly after Ye Meijing left, the tax auditor went to the section chief’s office.
"Li Ke, the declared amount for this company is quite large, especially for its first year. You should take a look at this."
Li Ke immediately took the declaration documents.
The reason he was taking this so seriously was simple: in 2023, only 24 companies in the Hailufeng Region had paid over 10 million yuan in taxes.
Hailufeng Agricultural Technology Company’s tax payment of 20.05 million yuan would rank them around 14th in the entire city.
The Hailufeng tax bureau paid close attention to every company that paid over one million yuan in taxes, to say nothing of a company paying 20.05 million yuan right out of the gate.
"Huh? And it’s a sole proprietorship? Registered just last May? Main business is eel farming? Annual revenue of 140 million?" Li Ke looked completely baffled as he read.
He was even more stunned when he saw the financial statements. In just four months, the company’s revenue had reached 140 million yuan.
The auditor reminded him, "They have quite a few employees registered with the company, too."
Li Ke glanced at the line item for employee salary expenses. Hailufeng Company did indeed have a large number of employees—112 in total, all of them full-time staff with complete social insurance benefits.
"These wages are pretty good! Even the security guards get 3,500, plus a 3,500 year-end bonus and an additional 1,000 disability subsidy."
"They paid out almost three million in year-end bonuses and wages alone. They’re really generous!"
Li Ke thought for a moment. "Alright. I’ll personally lead a team to conduct an on-site audit tomorrow."
...
Meanwhile, at Hailufeng Company headquarters, all the employees were jubilant.
The company had just paid out its bonuses.
The 21 employees in the sales department received particularly high year-end bonuses, nearly all of them over 30,000 yuan. Combined with sales commissions and their base salaries, each of them took home more than 50,000 yuan.
Next was the eel farming base. Jiang Miao’s brother-in-law, Zhang Xincheng, received a 100,000 yuan year-end bonus. The eight technicians received 20,000 yuan each, and the 14 general staff members received between 5,000 and 8,000 yuan.
As for the company’s other departments, clerical staff received around 10,000 to 20,000 yuan, while department heads got 30,000 to 50,000 yuan. freewēbnoveℓ.com
The cannery was similar: Li Xinhua received a 30,000 yuan bonus, the three technicians and three team leaders each got 20,000 yuan, and the general staff received the same as those at the eel farming base.
As for the newly established Nanhu Farm, its employees received a consolation bonus of 3,500 yuan.
Jiang Miao knew that money was the number one tool for a business to win its employees’ loyalty. All other methods were secondary.
If a company just made empty promises and talked about grand ideals all day while wages remained stagnant, the employees—who weren’t fools—would eventually catch on.
After all, a business is a business. It can’t attract followers the way a religion does.
Or perhaps, the only faith a business has is in money. To make employees loyal to the company, paying them well is an essential tactic.
As for those so-called entrepreneurs who built their empires on personal charisma, if they didn’t have money, chances are their charisma would have been useless.
Of course, in today’s internet age where "fan farming" is so advanced, there’s no shortage of drones who worship and deify entrepreneurs from afar. Perhaps it’s true that distance lends enchantment.
After Jiang Miao’s spending spree, the employees were fired up, as if they’d been shot full of adrenaline. Their work efficiency skyrocketed.
In addition to the cash bonuses, the company also gave every employee two nice sets of winter clothes and a case of canned eel from its inventory.
Since the company cafeteria served all sorts of eel dishes so frequently, none of the employees were particularly excited about eating the canned eel.
Still, it was a nice gift they could mail home to their families.
「January 8th.」
Jiang Miao and Lin Shuya had just arrived at the company when they ran into Section Chief Li and his team, who were there for the tax audit.
"Chairman, this is Li Ke from the tax bureau. They’re here to audit our finances from last year," Ye Meijing quickly explained.
Jiang Miao shook hands with Section Chief Li.
"Hello, I’m Jiang Miao."
"Ah, General Manager Jiang. I’m Li Yunbo. Here’s my work ID," Section Chief Li said, presenting his credentials before continuing.
"We’re here to conduct this audit because your company has become one of Shanmei’s major taxpayers. My superiors are taking this very seriously, so I decided to lead the team myself. If everything is in order, our bureau will even present your company with an award."
Jiang Miao smiled and nodded, then turned to give an instruction. "Meijing, please assist Section Chief Li with the audit."
"Of course, Chairman. I’ll give them my full cooperation." Ye Meijing was a little nervous, but she knew the company’s finances were in perfect order and that there had been no tax evasion whatsoever.
"Thank you for your cooperation, General Manager Jiang," Section Chief Li said cordially.
"Section Chief Li, here’s my card." Jiang Miao handed it over, then abruptly changed the subject. "I studied under an old traditional Chinese medicine doctor for a few years, and your complexion seems a bit off. Would you mind if I took your pulse?"
"Oh?" Section Chief Li had no idea what Jiang Miao was up to, but he pointed to a table and chairs in the reception area. "We can do it right here."
"Certainly."
The two sat down. Jiang Miao gently took hold of the man’s wrist to feel his pulse, then had him stick out his tongue. Afterward, Jiang Miao’s brow furrowed in concentration.
"Section Chief Li, you need to get to Shenzhen-Shantou Hospital as soon as possible. Go directly to the hepatobiliary and pancreatic surgery department and ask the doctor for a thorough examination of your pancreas. The sooner, the better."
"Is it that serious?" Section Chief Li was taken aback.
"Yes. It’s most likely pancreatic cancer. This disease progresses very rapidly. You’re only in the early stages right now. In a few months, it could be terminal."
GULP. A cold sweat beaded on Section Chief Li’s brow. He asked urgently, "How do you treat pancreatic cancer?"
Jiang Miao advised him gravely, "Your only option is to schedule surgery for its removal as soon as possible. Don’t trust any folk remedies. If you waste these next few months—your golden window for treatment—it will be beyond saving. Pancreatic cancer is known as the king of cancers."
Section Chief Li was terrified, but he was still skeptical. He could only manage a hollow laugh. "Thank you for the warning, General Manager Jiang. I’ll make some time to visit the hospital tomorrow."
He then turned to his subordinates and ordered, "Xiaozhang, Xiaoli, let’s begin the audit."
With Ye Meijing’s assistance, the tax audit proceeded very smoothly. The only issue was that Section Chief Li was distracted the entire time, clearly preoccupied with his health.
Soon after, he and his team even declined an invitation to stay for lunch, leaving in a great hurry.
Watching the official government vehicle speed away, Jiang Miao could only wish him the best.
After all, pancreatic cancer was the king of cancers. If the man sought treatment immediately, he had a good chance of being saved. But if he delayed for a few more months, the prognosis would be extremely poor.
Watching Section Chief Li depart while the other tax officials followed Ye Meijing up to the second-floor finance office, Lin Shuya asked Jiang Miao curiously,
"Since when do you know traditional Chinese medicine?"
"I’ve been studying it for the past few years."
"Still, weren’t you a bit impulsive? What if it’s a misdiagnosis?" Lin Shuya asked, concerned.
Jiang Miao shook his head. "When I said ’most likely,’ I meant a 99.99% probability."
"So you’re saying... that Section Chief Li really has pancreatic cancer?"
"Yes. I just can’t say it with absolute certainty. I hope he gets to a hospital soon. Early-stage pancreatic cancer is treatable, but if he delays, he’ll be beyond saving," Jiang Miao said, shaking his head.
