Company Tax Returns & Business Tax Returns
Put simply, tax planning is the arrangement of a taxpayer's affairs so as to comply with the tax law at the lowest possible cost.
A common mistake is to believe that tax planning is optimised when every opportunity to reduce tax is taken. This is because some opportunities to reduce tax rely on strained interpretations of the law. Therefore, tax planning involves much more than taking the option that at first appears to result in lower tax costs. It involves objectively assessing and actively managing tax risk.
Common tax planning techniques that can be deployed are deferring the derivation of assessable income and applying techniques to bring forward deductions. It is important to realise that consideration may also need to be given to the general and any relevant specific anti-avoidance measures contained in tax law.
Tax law is complex and filing tax returns is a major source of worry whether it is for individuals or big organizations. Tax planning deals with the arrangement of a taxpayer's affairs in such a manner that it complies with the tax laws and regulations in place. We at Schulz Hobbs will work in partnership with you to minimise your tax and help achieve your key objectives.
The most common mistake that people usually make is to think that tax planning is optimised when every opportunity to reduce taxes have been taken.
Common tax planning techniques that can be deployed usually defer the derivation of assessable income and apply techniques to bring forward deductions. It is however important to realise that consideration may also need to be given to the general and any relevant specific anti-avoidance measures contained in tax law. Some of the opportunities to reduce tax rely on strained interpretations of the law and this could jeopardise your business and land you in trouble! Hence, tax planning isn't just about reducing tax; it is also about interpreting the law and finding the optimal solution to your problem. We at Schulz Hobbs assess your situation objectively and actively manage your tax risks.
Business tax returns involve a different assessment and the ground work involved is a lot more extensive as compared to individual tax returns. We address every need of our clients with the same amount of care and importance whatever be the size of their business.
Why choose Schulz Hobbs for your tax planning needs?
We at Schulz Hobbs are nationally recognised for our tax consulting services. Our expertise and experience in company tax returns and individual returns ensure that your tax records are complaint with all the regulatory requirements. The following are our USP:
- Experience
- Expertise
- Stellar track record
- National recognition
Visit us or drop in an enquiry at [email protected] to see as to how we can help with your tax returns.