We prepare and submit tax returns for individuals and businesses
Preparing and submitting accounting tax reports is a mandatory component of doing business. Our company will help you do this while adhering to all legislative requirements and avoiding penalties. We offer professional services for the preparation and submission of tax reports, which will help avoid tax issues. Moreover, proper reporting and analysis of tax declarations will enhance the efficiency of your business.
Accounting services for the preparation and submission of tax reports may include:
- Audit of tax reporting for previous periods, making necessary changes and corrections if needed;
- Collection and analysis of financial and accounting information: data on income, expenses, assets, and liabilities of the company;
- Preparation of the corporate income tax declaration;
- Creation of the value-added tax declaration;
- Preparation of the single tax payer's declaration;
- Creation of a declaration on property status and income;
- Preparation of the excise tax declaration;
- Preparation of declarations and reports on other taxes and fees;
- Submission of tax reports to the relevant tax authorities on time;
- Providing recommendations on reducing tax liabilities by using tax deductions and benefits;
- Expense planning for tax payments;
- Consulting on accounting reporting and tax legislation issues.
Outsourcing tax reporting preparation and submission for business has the following advantages:
- Time and effort savings: the process of preparing and submitting tax reports is complex and time-consuming for most businesses. Therefore, many companies decide to use professional services for financial tax reporting on an outsourcing basis. You can focus on your core business and delegate accounting tasks to professionals;
- Reduced risk of errors: our experts have extensive experience in preparing company reports and submitting FOP reports. They are knowledgeable about current tax laws and requirements. This reduces the risk of errors in reporting and avoids penalties from regulatory authorities;
- Reduced personnel costs: you don't need to spend money on an accountant's salary, equipment, software, etc. Even if you were inactive for a certain period, you might need to submit a report. Thus, reducing the maintenance costs of an accountant is quite relevant;
- Our experts are always available: by using our reporting services, clients can get help and consultations from experts when needed. We will assist you in dealing with regulatory authorities and resolving other issues if necessary; Use of modern technologies: accounting firms that provide tax reporting outsourcing use technologies and software that allows data storage and analysis. This helps to prepare tax reports as accurately and correctly as possible. And thanks to electronic services and/or software, the submission process is fast and timely.
The process of preparing and submitting tax reports includes the following stages:
- Collection and processing of all necessary information. Specialists providing tax reporting services need to collect and analyze information about your business, check financial and tax documentation;
- Processing and analysis of collected information. Professional accountants analyze data and check the correctness of accounting. They analyze the reflection of tax accrual operations in the account. Then, thanks to their professional competence, they can offer various options for optimizing tax payments;
- Tax calculation: Based on the collected financial information, the amount of taxes to be paid is calculated;
- Filling out tax forms according to legislative requirements, all instructions, and guidelines;
- Coordination with the client of the prepared tax reporting drafts;
- Submission of tax reports. After preparing all the necessary documentation, professional accountants will help you submit tax reports to the appropriate state body in electronic or paper form. After submitting the reports, our specialists will provide the report itself and receipts for the accepted report. The receipt indicates the registration number of the accepted report.