Vocabulary Expansion Pack - Business Flashcards
Even so
Synonyms English: Nevertheless, Nonetheless
Synonyms Spanish: Aun así, No obstante
“Even so, some fraudulent activities might remain undetected due to sophisticated concealment techniques.”
*
“Nonetheless, consistent audits and data analytics can reduce the likelihood of systemic tax evasion.”
All things considered
Synonyms English: Taking everything into account, On balance
Synonyms Spanish: Considerándolo todo, Teniendo todo en cuenta
“All things considered, implementing automated systems has significantly improved the accuracy of fraud detection.”
*
“Taking everything into account, the cost of these measures is justified by the substantial increase in tax compliance.”
Tax inspector
Synonyms English: Revenue officer, Tax auditor
Synonyms Spanish: Inspector tributario, Auditor fiscal
“The tax inspector must possess a thorough understanding of both national and international tax laws to assess compliance accurately.”
*
“As a revenue officer, your role is pivotal in ensuring that taxpayers meet their obligations without exception.”
Schedule
Synonyms English: Timetable, Agenda
Synonyms Spanish: Calendario, Programa
“A well-organized schedule allows us to systematically review high-risk cases within the fiscal year.”
*
“Following a structured agenda ensures that all stages of the audit process are completed without delays.”
Constructive
Synonyms English: Positive, Productive
Synonyms Spanish: Constructivo, Provechoso
“Constructive dialogue with taxpayers can often lead to voluntary disclosures and resolution of disputes.”
*
“A productive review of our past cases can offer insights into improving fraud detection strategies.”
Comply
Synonyms English: Adhere, Abide
Synonyms Spanish: Cumplir, Acatar
“Taxpayers who fail to comply with reporting requirements risk facing severe penalties.”
*
“Companies must adhere to regulatory frameworks to avoid audits and legal consequences.”
Liaison
Synonyms English: Coordination, Connection
Synonyms Spanish: Enlace, Coordinación
“Effective liaison between departments is critical for identifying inconsistencies in reported income.”
*
“Establishing a strong connection with international agencies enhances our capacity to detect offshore tax evasion.”
With this in mind
Synonyms English: Bearing this in mind, Considering this
Synonyms Spanish: Teniendo esto en cuenta, Considerando esto
“With this in mind, we can tailor our investigative strategies to target the most common tax fraud schemes effectively.”
*
“Bearing this in mind, it is essential to prioritize collaboration between international tax authorities to uncover cross-border evasion.”
Rulings
Synonyms English: Judgments, Decisions
Synonyms Spanish: Resoluciones, Fallos
“Recent rulings have clarified the application of anti-evasion provisions in complex corporate structures.”
*
“Understanding prior decisions is essential when navigating disputes related to ambiguous tax regulations.”
Might (Low probability or uncertainty)
Synonyms English: May, Perhaps
Synonyms Spanish: Podría, Quizás
“A bodega owner might have unknowingly underreported their sales due to improper accounting methods.”
*“There might be isolated cases where tax regulations were misunderstood rather than intentionally ignored.”
Should (Advice)
Synonyms English: Ought to, Need to
Synonyms Spanish: Debería, Convendría
“Owners of small businesses should seek guidance from tax professionals to avoid accidental non-compliance with regulations.”
*“To prevent further issues, tax inspectors should educate store owners on proper documentation practices.”
Must (Strong obligation/Necessity)
Synonyms English: Have to, Required to
Synonyms Spanish: Debe, Está obligado a
“Every bodega must maintain clear and accurate sales records to comply with Spanish tax laws.”
*“Tax inspectors must ensure that their audits distinguish between willful fraud and honest mistakes.”
Could (Uncertainty or low probability)
Synonyms English: May, Potentially
Synonyms Spanish: Podría, Posiblemente
“Some small businesses could inadvertently overlook reporting requirements due to the complexity of the system.”
*“The discrepancy could result from misinterpreting changes in local tax codes rather than an intent to evade taxes.”
Knee
Synonyms English: Patella, Joint
Synonyms Spanish: Rodilla, Articulación
“The shopkeeper claimed a knee injury prevented him from appearing at the tax audit on time.”
*“Bending the knee to organize stock, he inadvertently worsened his pre-existing condition.”
To injure sth
Synonyms English: To harm, To damage
Synonyms Spanish: Lastimar, Dañar
“Improper bookkeeping practices can injure a business’s financial standing, even unintentionally.”
*“Failing to file the correct tax documents might injure the owner’s credibility with authorities.”
(To be) Concerned about sth
Synonyms English: Worried, Troubled
Synonyms Spanish: Preocupado, Intrigado
“Many bodega owners are concerned about how sudden tax reforms could impact their livelihoods.”
*“Inspectors should be concerned about distinguishing ignorance from deliberate non-compliance.”
Trip VS Travel
Synonyms English: Journey (Trip), Touring (Travel)
Synonyms Spanish: Viaje (Trip), Viajar (Travel)
“Her trip to Spain revealed how small stores elsewhere manage similar tax audits effectively.”
*“Tax inspectors often travel extensively to assess compliance in rural and urban areas alike.”
To submit
Word/Phrase: To submit
Synonyms English: To file, To present
Synonyms Spanish: Enviar, Presentar
“Bodega owners must submit their quarterly tax returns within the prescribed deadlines.”
*“You should always submit supporting evidence when contesting a tax penalty.”
A check
Synonyms English: Cheque, Draft
Synonyms Spanish: Cheque, Talón
“The owner handed over a blank check, claiming it was a gesture of goodwill to cover any potential tax discrepancies.”
*“Issuing a blank check without proper verification can lead to severe financial and legal complications.”.”
Severe (Adjective)
Synonyms English: Harsh, Intense
Synonyms Spanish: Grave, Intenso
“Severe penalties can result from failing to declare income, even if the error was unintentional.”
*“The inspector’s severe tone made the shopkeeper anxious during the audit.”
Scope
Synonyms English: Extent, Range
Synonyms Spanish: Alcance, Ámbito
“The scope of the audit included a detailed examination of purchase receipts and sales records.”
*“Clarifying the scope of tax obligations is vital for small business owners to ensure compliance.”
Humble
Synonyms English: Modest, Unpretentious
Synonyms Spanish: Humilde, Modesto
“The owner of the humble bodega explained his difficulties in understanding complex tax forms.”
*“Despite the humble appearance of the shop, its daily transactions were surprisingly numerous.”
Counselling
Synonyms English: Guidance, Advising
Synonyms Spanish: Asesoramiento, Orientación
“Tax counselling can help bodega owners avoid errors and better understand their obligations.”
*“The inspector provided free counselling sessions to teach small business owners about tax compliance.”
Little by little
Synonyms English: Gradually, Incrementally
Synonyms Spanish: Poco a poco, Gradualmente
“Little by little, we’ve managed to uncover discrepancies in the company’s tax records.”
“The inspector emphasized that compliance improves incrementally when proper education is provided to executives.”