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Self-employed need to plan for big tax bills in 2023 – 2024
The changes to the basis of assessment of self-employed profits are scheduled to change from 6 April 2024. The new rules mean that profits (and
Specializing in Indirect Tax and Compliance (transaction tax, sales tax, use tax, excise tax, audit defense), THE ACCOUNTANTS is a tax accounting firm focusing on serving Fortune 500 corporations and smaller businesses that require additional tax department support or specialized tax project assistance. Our services are treasured for in-house tax departments that may need more staff, need more knowledge, or are too busy. In addition, we offer expertise in post-merger and acquisitions to support our clients further.
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Let us be your tax department!
Monthly Compliance Service
Let us be your tax department!
Monthly Compliance Service
Let us be your tax department!
Sales tax compliance involves the preparation and submission of sales and uses tax returns, as well as the prompt remittance of the tax owed after a taxpayer has registered to collect or pay sales and use taxes in a specific jurisdiction. This process requires collecting data from various sources within the company, such as the sales journal, accounts payable journal, and fixed assets ledgers. Reconciling this data is necessary to ensure accuracy.
Understanding the filing requirements and due dates for tax returns is crucial. The jurisdiction will inform you of your filing frequency and deadlines, which apply to the return filing and tax payment. All required documentation must be provided to the taxing authority.
Once a response to any notice has been sent, it is essential to track its progress until the issue is resolved. Sales tax compliance is an ongoing process that requires regular maintenance to ensure regulatory compliance.
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Our experts, familiar with your industry, provide you with the latest perspectives and innovative ideas.
Our tax experts can assist with sales and use tax concerns, who have years of expertise.
Reduce audit exposure by outsourcing your exemption certificate management to THE ACCOUNTANTS.
During a tax authority examination or audit, the actions and responses taken at the start of the process are critical to the overall outcome.
THE ACCOUNTANTS tax accounting firm has been instrumental in our financial review and the rapid improvements made over the past year. This service has been exceptional value for money. It has enabled us to reduce waste and increase expenditure in other essential areas while other schools have to cut costs across the board. I have no hesitation in recommending them for financial consultancy support..
We have used THE ACCOUNTANT tax accounting firm for accounting services for several years. They prepare end-of-year service charge accounts for the properties we manage, provide general accountancy advice and provide an excellent service at competitive prices. I highly recommend them for taxation services.
Product Designer, That Biz
It has been over 10 years that we have been with THE ACCOUNTANT tax accounting firm, and I have appreciated their advice and support through the growth of my company to its eventual sale. Shajuana is always so supportive and kind to our team, and I cannot stress enough how pleased I was with the support provided during the tax filing process. I would highly recommend their services to anyone.
Co founder, Coffee Inc
THE ACCOUNTANT tax accounting firm has been instrumental in our financial review and the rapid improvements made over the past year. This service has been exceptional value for money. It has enabled us to reduce waste and increase expenditure in other essential areas while other schools have to cut costs across the board. I have no hesitation in recommending them for financial consultancy support.
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Our news covers a range of subjects, including some of the services that we offer and an update of the recent changes that have, or will take place.
The changes to the basis of assessment of self-employed profits are scheduled to change from 6 April 2024. The new rules mean that profits (and
Make use of these allowances while they last.When a business incurs costs, such as salary payments or stationary procurement, it can usually fully deduct them
Over the last quarter, it has been reported that the number of insurance claims has increased by 60%, as Federal and state taxes ramp up