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- Accounting & Management Services
United Kingdom
United Kingdom
A dollar saved is a dollar earned. Tax planning is an extremely important task that must be focussed not just at the end of the year but throughout the year. Tax planning ideally begin on the first day of your tax year. Tax laws are very dynamic where tax changes happen every day. Keeping track of all tax changes that apply to your business and personal situations is not an easy task. Let our experts handle your tax planning. We will get engaged with you throughout the year and help you in tax planning to get the maximum benefit of saving in tax.
Generally, you are required to file quarterly employment tax reports – (Form 941 with the IRS and Employer’s Quarterly Report with Texas Workforce Commission or any other state agency) where you conduct business. Often tax deposit deadlines are different than report filing deadlines. Keeping track of numerous deadlines is a challenge, and is certainly not your business. You have better things to do. Here we ensure to save your time by timely tax deposits and file tax reports.
If you have a financial interest in or signature authority over a foreign financial account, exceeding certain thresholds, you may be required to file Report of Foreign Bank and Financial Accounts FBAR.
As per the provisions of the Foreign Account Tax Compliance Act (FATCA), if the total asset value exceeds the appropriate reporting threshold then U.S. individual taxpayers must report information about certain foreign financial accounts and offshore assets on Form 8938 and attach it to their income tax return. Form 8938 reporting is in addition to FBAR reporting.
Our tax experts will help you comply with FBAR and FATCA provisions.