Tax Services

Why This Service Matters

The work supports regular assessment of a business's tax matters throughout the accounting period and can help identify errors or omissions at an earlier stage.

1. Regular review of tax compliance processes,
2. Review of transactions that may affect the corporate tax base,
3. Earlier identification of tax risks and differences in application,
4. More controlled tax return and certification processes.

Process

1. Initial assessment: We learn about the business, its tax position, prior-period practices, and current tax processes.
2. Planning: We set the scope, areas for periodic review, and timetable.
3. Review: We examine statutory books, tax returns, accounts, documents, and tax-related transactions under the applicable legislation.
4. Assessment: We evaluate identified errors, omissions, or tax risks and, where appropriate, explain possible corrective steps.
5. Certification and reporting: Once the period's work is complete, the Sworn-in CPA prepares the certification report within the scope required by the legislation and carries out the related procedures.

Benefits

1. Tax compliance: Supports regular assessment of tax returns and their underlying transactions against applicable legislation.
2. Earlier risk identification: Helps identify tax errors, omissions, and application risks during the accounting period.
3. Regular review: Supports systematic review of statutory records and tax transactions throughout the period.
4. Legislation monitoring: Helps assess how tax-law changes may affect the business.

Who It Is For

This service is suitable for corporate income tax taxpayers that want their tax transactions reviewed regularly, potential risks assessed during the accounting period, and their corporate income tax return certified by a Sworn-in CPA. Scope can be set with regard to the business's activities, transaction volume, organization, and tax processes.

Why This Service Matters

Managing a VAT refund claim accurately and on time matters to the effective handling of amounts arising from transactions that qualify for a refund. For example, exports, reduced-rate supplies, and other transactions eligible under the legislation require careful calculations, supporting records, and application preparation.

Process

1. Assessing eligibility: We assess the transactions and periods that may give rise to a refund right under the legislation.
2. Calculation and review: We check the VAT amounts claimed and the underlying transactions.
3. Preparing records and lists: We prepare and review the information, documents, and lists required under the legislation.
4. Certification and application: Where required, we prepare a Sworn-in CPA VAT Refund Certification Report and support the refund or offset application.
5. Follow-up and completion: We follow reviews and requests for information from the tax authority through to the next procedural step.

Benefits

1. Accurate claim calculation: Supports calculation of claim amounts under applicable legislation.
2. Process management: Supports systematic handling of documents, lists, reports, and applications.
3. Cash-flow planning: Following amounts to which a taxpayer is entitled may support working-capital management.
4. Tax-risk reduction: Helps identify missing documents or calculation issues earlier.
5. Administrative follow-up: Supports orderly follow-up of refund and offset procedures with the tax authority.

Who It Is For

This service is suitable for exporters and other taxpayers that make reduced-rate supplies or carry out transactions that give rise to a VAT refund right under applicable legislation. Eligibility and procedure depend on the nature of the transaction and the legislation in force for the relevant period.

Why This Service Matters

Frequent changes in tax legislation and the different tax outcomes that can arise from different transactions make regular assessment valuable. Tax advisory supports compliance, early consideration of potential risks, and analysis of the tax effects of business decisions.

Process

1. Needs assessment: We review the business's activities, current tax position, and advisory needs.
2. Legislation and risk analysis: We examine relevant tax rules, practices, and potential risk areas.
3. Assessment of alternatives: We consider the tax consequences and available options for a planned transaction or decision.
4. Implementation support: We support implementation of the selected approach under the applicable legislation.
5. Monitoring legislation: We follow changes and explain their potential effects on the client's activities.

Benefits

1. Compliance support: Helps assess tax obligations under current legislation.
2. Risk management: Helps identify potential tax risks before a transaction or at an early stage.
3. Decision support: Contributes to assessment of the tax effects of investment, financing, and other commercial decisions.
4. Tax planning: Considers exemptions, deductions, and incentives in light of the business's circumstances and applicable legislation.
5. Timely updates: Supports timely assessment of potential effects of legislative changes.

Who It Is For

Tax Advisory is suitable for companies and SMEs that need ongoing tax support, as well as businesses, entrepreneurs, and investors considering a new investment, restructuring, or specific commercial transaction. Scope is determined by the client's activities, transaction structure, and tax needs.

Why This Service Matters

Where legislation requires a Sworn-in CPA report or certification for a particular transaction, the supporting documents and required examination need to be completed within the applicable rules.

Process

1. Determine scope: We assess the legal basis and scope of the requested certification or examination.
2. Review documents: We obtain and review the records and supporting documents for the transaction.
3. Examination and checks: We carry out the checks and factual determinations required by the legislation.
4. Reporting: We prepare the relevant Sworn-in CPA report or certification document within the required scope.
5. Follow-up: Where needed, we support submission of the report and follow-up of related procedures.

Benefits

1. Legislative compliance: Supports handling certification or examination work under the applicable rules.
2. Documented review: Provides a systematic review of information and documents supporting the transaction.
3. Risk identification: Helps identify missing documents or non-compliant practices before reporting.
4. Report management: Supports preparation of required Sworn-in CPA reports within their prescribed scope.

Who It Is For

This service is suitable for organizations and businesses that need a Sworn-in CPA factual determination or certification report for a transaction or financial matter under the legislation in force. The applicable certification and reporting scope depends on the nature of the matter and relevant rules.