Showing posts with label tax advisor. Show all posts
Showing posts with label tax advisor. Show all posts

February 10, 2014

Why do you need a Chartered Accountant for Strategic Tax Planning?

Tax management is one of the most complex undertakings of an organisation. Currently, businesses have to compete with the economic uncertainty and the growing regulatory oversight. To effectively manage the corporate tax obligations you have to ensure that you have the right set of people in place and are employing the updated technologies to efficiently run the process. With the increasing complexity of tax legislation it is essential to put your tax planning in safe hands.
Here lies the importance of chartered accountants (CA) who have extensive knowledge and expertise to help you in your corporate tax planning. They plan the right strategy to reduce your tax liabilities and deliver cost-efficient and creative solution for the clients.

December 20, 2013

Why do Businesses Need a Good Tax Planning Strategy?

With the world moving at a frantic pace, your business needs to move with it to stay ahead. So why would the tax planning stay behind. There should be some proper methods to maintain tax so that the business owner who frantically search at the end of the financial year for ways to minimise their tax bills should be less. The business operators need to be more proactive to make the most of the ever-changing tax rules as well as tax-saving opportunities. Ideally, they should implement strategies at the beginning of the financial year to avoid year end scramble.

June 21, 2013

Demystifying Personal Tax Returns

A tax return is a document that contains the declaration of tax liability and is filed with HM Revenue & Customs in the UK. Contractors and employees working with Umbrella Companies do not need to file tax returns. This is because the Umbrella Companies withholds the right amount of tax liability before releasing their payments and as such they are not required to file any returns.

Ways of saving some money on Tax

In life there are inevitable things and practices. Tax is an element of society that has some historical significance and will be around as long as mankind is. Paying of taxes and filing of the same has never been an interesting practice for many and as such, most people have had the habit of rushing through when calculating and remitting their taxes. Well, in as much as the process may seem undesirable, payment of taxes if given the due diligence it deserves, it can make you save an extra coin. In the United States for instance, research revealed that less than 21% of American workers who earned $50,000 and less were unaware of the Saver’s Credit yet they were the key beneficiaries. There are a number of ways in which you can save money on your taxes should you become extra careful while filing your returns.

April 05, 2013

How to Form Your Company Offshore

Offshore Company Formation

The term offshore company refers to a business that is located outside of the country that the owner lives in. There are many reasons why business owners transfer their companies overseas, one of the biggest reasons is the lowered tax rates. Some business owners find that the privacy and trading regulations in other offshore regions are superior to that of their own country. Let’s talk a little bit about the benefits you’ll receive from registering your company offshore, and also what the process involves.

February 06, 2013

An Idiot’s Guide: IR35

In 1999, the Inland Revenue issued a press release to outline that they had ‘closed a loophole’ that previously allowed freelancers and contractors to avoid paying the majority of their tax and national insurance.

IR35 is the UK tax legislation designed to make sure freelancers whose relationship with their employer is such that if they had been paid directly would:

December 13, 2012

Things to Know About Tax Preparation Service

In a few months’ time, the tax season would have already started and people would once again find themselves stressed out with filling out and preparing all documents needed in order to file their tax returns on time. It is in situations like these that the importance of a tax preparer becomes even more highlighted. Now, the question becomes, what does one need to ask in order to get the right person for the job?