Monday 11 September 2017

How a Tax Consultant Can Help Your Small Business

Business tax season is a year round responsibility for business owners. Now is a good time to find a tax consultant in Essex UK and start planning your business taxes for the upcoming tax season. 

We are discusses the types of tax professionals and how these people can help with your business taxes. A tax professional is someone who has the experience and credentials to help you with taxes.

Why You Need a Tax Professional: You don't have a tax professional you trust to help you with your business taxes. It's nevertoo late to start looking. Having a good tax advisor can help for saving money at tax time

What is a Tax Professional: A tax advisor is a financial expert with training in tax laws. A tax professional should be up to date on current tax regulations, which change every year.

What Does  a Tax Professional Do: A tax professionals can help you with your business taxes - before, during, and after tax preparation:

Before Tax Preparation: A professional tax advisor can give you advice on tax planning, but tax planning isn't done just before the end of the year.You should be talking to your tax pro at strategic points during the year every quarter.

During Tax Preparation: Your tax professional most probably will also be your tax preparer, doing the work of preparing your business tax return and your personal tax return. If you pay business taxes through your personal tax return, the same person should be doing both returns so you can coordinate tax savings.

After Tax Preparation: When your tax return is filed, there may still be work for your tax professional to do if you get audited. It makes sense to have your tax preparer be the person you turn to for help if you get a letter from the IRS saying you are being audited.

Thompson Accounting Services is located in Essex UK and offers tax services.we are tested and licensed by the UK Treasury to represent taxpayers in all types of tax negotiation. What We Do

1.       Complete tax accounting for individuals, businesses and estates.
2.       File all types of tax returns
3.       Negotiate for you to resolve any tax issue

4.       Plan your personal and business growth

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