03.03.2018 Views

How to Calculate Your Taxes Properly

Tax planning is a good practice in managing a company. Especially, in the conditions of a bad economy, it is desirable to plan taxes. A good accounting agency provides unified business solutions through tax advisory service that can help you build your tax strategy in business, optimize your tax obligations and therefore reduce your tax risk.

Tax planning is a good practice in managing a company. Especially, in the conditions of a bad economy, it is desirable to plan taxes. A good accounting agency provides unified business solutions through tax advisory service that can help you build your tax strategy in business, optimize your tax obligations and therefore reduce your tax risk.

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<strong>How</strong> <strong>to</strong> <strong>Calculate</strong> <strong>Your</strong> <strong>Taxes</strong> <strong>Properly</strong><br />

Tax planning is a good practice in managing a company. Especially, in the conditions of a bad<br />

economy, it is desirable <strong>to</strong> plan taxes. A good accounting agency provides unified business solutions<br />

through tax advisory service that can help you build your tax strategy in business, optimize your tax<br />

obligations and therefore reduce your tax risk. The proper approach <strong>to</strong> tax obligations ensures the<br />

minimization of the amount of tax that is required <strong>to</strong> be paid and opens up the possibility of planning<br />

funds for other purposes.<br />

Services provided by the http://barretttaxlaw.com/on Tax Consultation can be divided in<strong>to</strong> several<br />

groups:<br />

Tax counseling – providing information <strong>to</strong> clients<br />

Training and informing clients about changes in tax laws and regulations<br />

Tips on Applying New International Accounting Standards Related <strong>to</strong> <strong>Taxes</strong><br />

Providing advice on all kinds of tax problems<br />

Tax advise through analysis<br />

Tax advice –Different types of taxes<br />

Income tax based on work contract<br />

Value Added Tax (VAT). <strong>Calculate</strong> the previous VAT, the possibility and terms of deduction of the<br />

previous VAT. Tax return.<br />

Tax counseling, depending on the type of tax that the individual needs <strong>to</strong> pay based on their work<br />

Tax on royalties and industrial property rights includes benefits that the taxpayer derives from all<br />

kinds of works that the person has done<br />

Tax on income from independent activities that the person has performed<br />

Tax on income from real estate, as well as rent that the person is paying or receiving<br />

Tax on the basis of the contract on professional development<br />

Tax on the basis of the contract on the performance of temporary and occasional affairs<br />

Capital gains tax<br />

Tax on capital income: interest on loans and other savings<br />

Tax on other income. If a person receives money in a form of gifts, they must pay taxes on those<br />

profits.<br />

Tax counseling - Tax fines and offenses<br />

Tax Offenses<br />

First instance and second instance tax procedure<br />

Tax counseling<br />

Providing analysis <strong>to</strong> the client so that they can receive an estimate<br />

Planning their taxes making sure there is no mistake being made<br />

Suggestions and tips for future successful business steps that will lead <strong>to</strong> an improvement of the<br />

overall performance of the business


Tax advice - Tax return - legal framework<br />

Tax return - legal framework<br />

Tax returns for legal entities<br />

Tax returns for individuals<br />

Rulebook on tax return for deduction tax<br />

Correction of tax returns<br />

Tax return ex officio<br />

Tax counseling - service prices<br />

The cost of tax advice mostly depends on the client, because basic contract counseling is free. If you<br />

require additional services they are contracted separately depending on the scope of business and<br />

the type of taxes the individual needs <strong>to</strong> pay, its structure as well as the amount of taxes that need <strong>to</strong><br />

be paid. Paying taxes is not a voluntary category and the tax must be paid. This is something that<br />

must be done by everyone. There are no exclusions.<br />

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Source :- https://sf.s<strong>to</strong>reboard.com/blogs/business/how-<strong>to</strong>-calculate-your-taxes-properly/852298

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