Tax Structuring
Zeelie Professional Accountants helps many clients with tax structuring.
The landscape of tax is changing rapidly. Many countries are adopting the recommendations of the OECD. New changes on the cards are bybrid tax arrangements and tax treaties and the burden of proof. What this boils down to is a deeper delve into the structures of entities. This is sure to feed in tax legislation and compliance.
The important thing to note here is the difference between Tax evasion and Tax Avoidance. You might ask, what is the difference? Well Tax Avoidance falls within the legal tax framework and tax evasion is illegal.
Examples of Tax Avoidance (Legal tax structuring):
- Using tax deductions;
- Changing a business structure;
- Establishing an offshore company in a tax haven;
- Group structure tax analysis and restructuring
Examples of Tax evasion (Illegal and punishable with fines and/or imprisonment):
- Non declaration of oncome, and thereby evading tax;
- Untruthful declaration of expenses to reduce tax
- Lying about business mileage
- Lying about business expenses
- Lying about medical contributions
Zeelie Professional Accountants SA has tax practitioners that assist many clients with their tax structuring. Business structure and the tax structure can be a daunting task with many variables to take into consideration. A holistic analysis of the tax structure needs to be done in order to ensure optimum efficiency. Efficiency in costs is crucial to maintain a healthy working capital which ensures the continuity of the entity, purely because this is where most businesses fail.
Tax structuring services offered:
Zeelie Professional Accountants SA's recommendations are aimed at ensuring a better bottom line which in turn affects the continuity of you business.
With a direct link to SAIT and SARS, and being registered tax practitioners you can be assured we will be able to handle your taxes and give you the recommendations needed.
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