Tax Accounting services:
Our Tax Accounting mainly focuses on the preparation, analysis and presentation of tax returns and tax payments.
Tax Accounting is governed by the Internal Revenue Code, which dictates the specific rules that companies and individuals must act inline with when preparing their tax returns. Tax Accounting is used by individuals, businesses, corporations and other entities. Tax accounting for an individual focuses on income, qualifying deductions, donations as well as investment gains or losses. The purpose of Tax Accounting is to be able to track funds (funds in as well as funds going out) associated with individuals and entities.
For a business, tax accounting is more comprehensive, with greater scrutiny regarding how funds are spent and what is or isn't taxable.
We broadly cover these major areas:
- Tax and Capital Allowances computations.
- Tax Refund analysis, computation and application.
- WHT retrieval, analysis and collation.
- Tax provisions in Reporting Accountant’s Statement.
- Synchronization of tax rules and accounting rules.
- Setting up tax units, processes and procedures.
- Deferred Tax computations and provisioning​.