Tax Accounting
Tax accounting is a set of methods for accounting and a useful tool that companies use to understand their tax liability and avoid penalties.
Tax Accounting
We ensure that our clients use tax accounting methods, rules, and regulations that generate tax assets or tax liabilities in the accounting records of a taxpayer (individual or company) that are favourable.we ensure that our clients use tax accounting methods, rules, and regulations that generate tax assets or tax liabilities in the accounting records of a taxpayer (individual or company) that are favourable.
Our dedicated team of experts helps our clients:
- Prepare tax returns, payments, necessary paperwork, schedules, and reports
- Assess and research difficult tax issues and identify solutions
- Manage and maintain the individual and company’s tax database
- Apply efficient tax savings strategies and avoidance techniques in order to minimise tax liability
- Ensure that our clients comply with regulations by forwarding required information to tax authorities
- Offer support and guidance on day to day running of the business in regard to taxation
- Prepare accurate quarterly and annual tax reports
- Compute instalment taxes payable when they fall due
- Find tax solutions to complicated tax issues or errors from incorrect tax filing.
- Carrying out a statutory audit ensures that the financial statements are in line with the statutory requirement and all the necessary disclosures required by the law are adequately made.
- Statutory audit ensures that the financial statements of an entity are comparable with the previous period and with similar organizations in terms of their format and content.
- It helps in strengthening the internal audit of a company.