Technology Driven Tax Processes

We are fully aware that due to technological advancement, the business atmosphere globally is becoming increasingly charged and dynamic. As such, tax management and planning is now technology-driven. However, with our leading edge technology and our experience in outsourcing and consulting, we are able to help our clients resolve their tax management issues. We are building track record in helping corporate businesses address challenges on their tax operations in the different areas. We understand that every individual is unique and hence our taxation services are tailored around the unique circumstances of everyone and company

Business Tax

Vat Compliance

Tax Settlement

Vat Services

Transaction Advisory

Business Tax

Whether it’s a small business or a complex multinational group, more than ever you need to be able to satisfy the tax authorities and other stakeholders that your tax affairs are in order. This requires the time and resources to understand and respond to complex tax law in an environment Where Federal Inland Revenue Service review processes are becoming increasingly sophisticated.
Managing your tax exposure also requires the expertise to consider all relevant taxes in the context of your commercial objectives. An effective tax plan will help you make the most of all available tax reliefs and maximize savings. This is particularly important if you’re restructuring your business, considering a transaction or expanding overseas.

Tax Compliance

Growing scrutiny by tax authorities means businesses now face ever-increasing tax compliance and reporting obligations. Dealing with complex fiscal rules, changing legislation and harsher penalty regimes can place a considerable burden on you, your management team and your business. How you manage your tax affairs can also potentially impact on your public profile. Having a trusted partner to manage your tax compliance requirements and negotiate and resolve any issues with HM Revenue & Customs or overseas tax authorities enables you to focus your time and effort on running your business.

How Can We Help

• Returns: Preparing company and group corporation tax computations and returns.

• Provisions: Preparing and reviewing tax provisions and notes for inclusion in individual company and consolidated group statutory accounts.

• Interim reporting: Managing your interim tax reporting for accounting purposes.

• Updates: Providing guidance and advice on complex tax rules and legislation under corporation tax self-assessment.

• Liabilities: Monitoring and advising on tax liabilities and due dates for corporation tax.

• Dispute resolution: Negotiating with HMRC on your behalf to resolve any enquiries and/or disputes.

• Claims: Monitoring, advising on, and preparing claims and elections.

TAX SETTLEMENTS AND INVESTIGATIONS

“Being subject to an investigation or negotiating a tax settlement with FIRS can be very time consuming, costly and stressful”. In an economic climate where the Government is determined to maximize revenues from the taxpayer base, your business could be subject to complex enquiries across a range of tax issues at any time. A full corporation tax investigation can involve a detailed examination of your financial records and could lead to enquiries into directors’ personal tax affairs.
These kinds of investigations can have far-reaching implications, and you need to be able to respond effectively to any information requests and navigate complex procedures. And with so much at stake, you need to be confident that taxes and penalties are correctly calculated.

How Can We Help

• Tax investigations: Dealing with a range of investigations from a simple enquiry relating to a single entry in the accounts to a full enquiry challenging the accuracy of the accounts or tax returns.

• Special investigations: Dealing with an enquiry from the FIRS unit responsible for investigating the most serious cases of tax fraud, evasion and avoidance.

• Guidance: Explaining the enquiry process, taxpayer rights, next steps and assistance should an agreement fail to be reached, and advising on deadline extensions where necessary.

• Alternative dispute resolution: Helping you work with FIRS team to reach an amicable conclusion.

• Tribunals and litigation: Critical examination of documentary evidence and providing expert evidence and cross-examination arguments for your legal team.

• Forensics: Helping to mine data in response to requests from FIRS

• Fee protection: Offering protection against certain professional fees incurred as a result of dealing with enquiries for an upfront one-off fee.

VAT SERVICES

“Staying on top of VAT is essential to help avoid stiff penalties for non-compliance and late filing, while also helping to improve cash flow and profitability.”
VAT affects a range of business functions, with wide variations in the rules depending on your business activities and sector. It is essential you have specialist advice to ensure your business is compliant and to help with complex capital projects or transactions to minimize your tax exposure. With increasing scrutiny from tax authorities, it’s vital you have the right advice should you want to dispute a VAT assessment.

How Can We Help

• Transactions: Review of VAT treatment and maximizing VAT recovery.

• Structuring: Advising on the VAT treatment of complex transactions, contracts and business structures, including the impact of anti-avoidance legislation.

• Exemption: Designing and maintaining partial exemption methods.

• International: Managing VAT and indirect taxes on cross-border transactions, advising on import and export issues and helping overseas companies recover VAT.

• Compliance: Helping you with VAT returns and other compliance work.

• Registration: Registering your business for VAT.

• Inspections: Assisting with VAT audits and inspections.

TRANSACTIONS ADVISORY

“When undertaking any significant business transactions, companies need to ensure that all potential tax liabilities and planning opportunities are fully considered”
Regardless of the type of transaction – from the acquisition of shares to the transfer of trade, assets or liabilities as part of a restructuring programme – any change can be complex, costly and give rise to new tax exposures. Businesses can minimize this exposure by carrying out due diligence to manage risk and ensure the transaction is structured in an efficient way. This is particularly important if the transaction is taking place across different jurisdictions.

How Can We Help

• Structuring: Providing commercial, pragmatic solutions on the tax implications of the proposed structure of a transaction.

• Due diligence: Preparing tax due diligence reports highlighting the potential tax risks and liabilities.

• Deal costs: Identifying opportunities to maximize tax relief on deal costs. This is particularly important for VAT.

• Support: Providing ongoing tax support throughout the transaction process, including advice on tax aspects of the sale and purchase documentation.

• Registration: Registering your business for VAT.

• Inspections: Assisting with VAT audits and inspections.