Keeping your tax information on papers may appear missing some essential points like surcharge, bank charges and interest rate and some credit card charges. But when you prepare computerized accounting files, all major and minor details are kept up to date.
Though big business owners keep well-maintained computerized records, but small business owners may not do so. It is especially advisable to these small businesses that they start maintaining their books on computerized accounting software. Apart from the complete tax record, there are many other uses of accounting software which can help them to track your financial transactions. Continue reading
Several of the U.S. companies are finding different ways to reduce their tax bill or paid effective tax rates of 0%. Now, you must be guessing what is effective tax rate? Well, it is a method which is used by investors to compare how much firms pay taxes in relation to profit they earn.
In year 2014, many corporate giants have reported effective tax rates of 0%. Through research and findings, it has been revealed that several companies bellyache the federal income tax rate of 35%, which is just in books, but in actual, they pay much less than what is required. Continue reading
An income tax consultant is an expert and professional who arespecializing in the tax and financial industry. This job is not filling the tax return once a year; instead it is a full time job. Filling the income tax is actually a complex and tedious issue faced by every business owner. There are different kinds of tax slab to be paid to the income tax department. These income tax consultants are licensed by the Government to provide the common man right financial suggestions. They help to save extra money paid to the Government as tax. They do charge heavy fee in return but spending on their services is worthwhile as compared to paying extra money to Government.