Overview
Tax preparation and compliance involve accurately preparing and filing tax returns while ensuring adherence to local and international tax regulations. It also includes strategic tax planning to optimize tax liabilities and identify tax-saving opportunities.
Documents Required
- Tax Identification Number (TIN) or equivalent (EIN in the USA, UTR in the UK, etc.)
- Income Records (W-2, 1099 forms, K-1, bank statements , etc.)
- Deductions (mortgage interest, property tax, medical expenses, charitable donations, education expenses, business expenses, etc.)
- VAT/GST reports (For indirect tax compliance)
- Previous Year's Tax Returns (Form 1040 for individuals, Form 1120 for corporations, or other applicable forms)
- Estimated Tax Payments (Form 1040-ES for individuals, Form 1120-W for corporations)
- Health Insurance Forms (1095-A, 1095-B, 1095-C if applicable)
- Any other relevant financial documents
Benefits
- Ensures compliance with tax laws, avoiding penalties and legal risks
- Helps in identifying tax-saving opportunities through efficient structuring
- Reduces tax liabilities while staying within the legal framework
- Provides clarity on tax obligations and financial planning
- Assists in hassle-free tax filing and audits
How We Can Help You?
- Expert guidance on tax return preparation and filing
- Assistance in tax planning and structuring for maximum savings
- Compliance support for local and international taxation
- Advisory on tax-efficient investment strategies