Reduce Your Risk of Filling “Wrong Tax Return” By Hiring Taxation Services Providers

As is evident, a wrong tax return leads to a messy situation that no one will like to get involved in. Seeking aid and guidance of reliable taxation service providers help to avoid interference from the government and its strict actions in case of wrong tax return on your part.

You can be assured of trustworthy services if such providers or business advisory firms adopt a professional approach towards catering services with possession of Certified Public Accountants with practicing certificate as issued by the government of the country. Remember that a recognized firm always meets statutory requirements when extending services to an individual or corporate body or any organization in such matters of taxation services or other financial services.

As the process of tax return follows, the Inland Revenue Department (IRD) will first issue tax returns to sole proprietors, or individuals, or property owners, or limited companies. Now, when you receive such order from the IRD, your first responsibility is to file for tax returns within one or three months of the date of issue for tax return furnished with needful documents to the "IRD". Remember, if your organisation has not received profits tax return from the "IRD" within 18 months of the date of commencement of your company or business, then it is inevitable to notify the "IRD" the chargeability of Profits Tax.

Taxpayers, often commit the mistake of completing wrong statement regarding profit, tax returns because they lack adequate professional knowledge to follow the processes rightly and so end up paying more tax or heavy penalties and in some cases also subjected to prosecution charges. Only a reliable Taxation Service provider can be your saviour in such cases.

The main objective of these providers is to efficiently handle the various corporate and individual taxation issues. The majority of these services include preparing and filing of tax returns on behalf of your company or you, diligently calculating and estimating tax liability, helping you with the queries as put forth by the IRD with logic and helping with the preparation of the tax plan. Besides, you can be assured that a competent Taxation Service provider acts as the representative on your part for proper tax assessment.

Prior to availing services of any taxation Service provider do check a few things. Whether the provider possesses adequate expertise in subjects like profits tax, property tax, profits tax for self-employed (whether a partnership business or sole proprietor), salaries tax for employees, etc.

Thus, availing services of reliable taxation service provider can only get you a peaceful and sound sleep at night.

About the Company:

Flexkin & co is a business advisory firm which is certified by HKICPA i.e. Hong Kong institute of certified public accountant. The firm consists of professionals who are well-trained and have acquired certificate to perform the relevant job. They provide guarantee services to the companies, organizations and corporate bodies as well as individual businessman in Hong Kong to confront statutory necessities. Furthermore they look after declaration of new shareholder in the company. Moreover, Flexkin & co provides scrutiny and authentication facilities to the client on company’s monetary data with legal acknowledgement.

This article was written by Mr. Andy Chong, marketing Manager at Flexkin & Co. Flexkin & Co is a business advisory firm which is certified by Hkicpa i.e.