If you do not have a plan, you should begin preliminary discussions about estate planning. Our estate tax planning team has extensive knowledge and experience in working with clients, estate planning attorneys, and other professionals to help you achieve personal goals and objectives. Existing estate plans should be reviewed regularly to ensure the plan continues to fit your current goals. Consider estate planning to be an ongoing process that minimizes exposure to taxes, probate, and other administrative expenses, while maximizing the assets your family has accumulated over many years of hard work and planning.

Audits under cost accounting law, etc. Certain taxpayers must get the books of accounts of their business/profession audited under the Income Tax Act/ Other Tax Laws, known as a tax audit. A tax audit means a Chartered Accountant reviews the accounts of a business and checks their compliance with the Income Tax laws. Certain businesses and professionals are legally required to mandatorily carry out regular audits under the Income Tax Act and Other Tax laws.

Companies regulated by the law shall file the financial declaration as audited by an audit firm, which is registered with the Tax Department, not later than specific days following the end of the reporting period.

Tax advisory service are critical tool that the business entities should utilize to examine the tax implication on their busniess within the country where they operate and other countries where their business expands, if any, in order to secure the maximum possible tax benefits enabling them to reduce tax on their financial results.

Every transaction has a tax implication – and your business’ trade in the global marketplace carries international tax consequences and opportunities. Most taxing authorities take territoriality into consideration, and in many cases, there are offsets based on taxes paid in other countries. Audit & More works to ensure that our clients avoid double taxation, capitalize on tax credits, and remain compliant in all countries of operation. Our team assists you in the planning and structuring of tax matters for international transactions, financing for multinational operations, and in matters related to tax treaties.