Analysis of default interest in a construction company

Abstract

The study was carried out with the objective of studying the elements that affect the payment of default interest, which is why it is transcendental that the areas involved in administrative and financial practice have accounting and tax knowledge. The research is developed under a qualitative approach, the data was collected through the interviews with 5 workers, with the respective interview guide composed of six questions aligned to the sub categories, which allowed us to obtain a broader idea and more objective regarding the different processes that the entity develops, and improving key factors that allow the effects to be more precise and concise, then the triangulation of the data was carried out with the support of the Atlas ti 8 software, the results could be considered that both taxes, compensation with the state and administrative sanctions directly affect the payment of default interest, in the sense that each tax that was not paid generates default interest per day, as well as there were taxes with fines for not be paid, this often happened in the construction company due to the lack of preparation of the employee in the administration area and finances, and the inadequate communication between the areas involved, the importance of not considering the payment of these taxes in their flows.