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  • Writer's pictureAccountant High Wycombe

Why Your Business Needs a Tax Adviser

Why we need tax adviser

Tax issues require specialized and constantly updated knowledge. Because unless you are a specialist, it is very easy to get lost in the meanders of corporate taxation, to expose yourself to serious risks or to pay too much tax because of a lack of expertise. . The best solution is to appeal to a tax adviser to optimize the company's tax system, prevent tax problems and accompany the manager in case of control or litigation.

Tax Adviser Optimizes Corporate Taxation and Ensures Tax Compliance

In UK, having federal and provincial taxation makes things more complex. The tax adviser, at the forefront of news, ensures the federal and provincial tax compliance of the company. He notably handles the management of consumption taxes in the forms and the production deadlines, as well as all the tax obligations with regard to the filing of corporate and personal tax returns, and trusts, all by optimizing the results. To do this, the tax adviser organizes and optimizes the deductions, available credits and results relating to related corporations, and establishes the legal arrangements to establish a tax consolidation between the company and the shareholders. He also deals with credit support in Research and Development.

He Sets up a Tax Strategy for the Company and its Managers

The tax adviser identifies the professional and personal objectives of his client in order to establish a suitable strategy. He advises and plans the short, medium and long term taxation of business and personal leaders and prepares the transmission of wealth so as to optimize taxation. It determines a salary-dividend payout that is attractive for a corporation, and tracks deductions and tax credits that can be carried forward from one year to the next.

He advises and advises clients on tax techniques such as estate freezes, tax rollovers, corporate reorganizations, trusts and life and health insurance, and pension plans. It informs them about the tax obligations that arise from them and the implications, especially when they die, and sets up the solutions chosen to protect the assets.

The tax adviser carries out the reorganizations decided upon and the corporate restructurings that are required, setting up adapted arrangements, such as management companies, family or personal trusts, and limited partnerships.

He is also involved in mergers, acquisitions and corporate sales in order to optimize the assembly and verify compliance.

He Accompanies and Represents his Clients to the Tax Authorities

At a time when tax audits are increasing, having set up an appropriate administrative structure upstream makes it possible to avoid the appearance of numerous problems during the audits. Whatever the quality of the structure, it is always better to have an expert at his side in case of control or tax dispute in order to assert his rights. The tax adviser knows the procedures of the auditors and is used to dealing with them. It establishes a healthy and professional collaboration that is highly profitable for the company and its managers, which can help solve important tax problems.

The presence of the tax adviser in relations with the tax authorities makes it possible to have all of his rights recognized and to preserve the best interests of the company and the manager. This support is all the more necessary in the context of contributions, opposition or complex tax litigation.

Appealing to a tax adviser is beneficial for both the company and the manager, as its expertise ensures tax compliance and is in line with the law. He is also a necessary partner in case of control or tax dispute.


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