Sen Consulting Services Webpage Content
1. Tax Return Preparation:
Our services provide exact and punctual tax preparation and filing based upon your requirements. We intend to maximize your benefits through minimizing your tax burdens. The highly experienced tax professional in our team evaluates your tax situation and takes the required steps in your tax preparation on the basis of your advantage. Your investment will reap the best results from our services.
2. Assistance in CRA Audit:
Our services will solve it for you. Our huge experience in this field allows us to provide the best advice and solutions to our clients in their tax issues. A separate team that includes people who have worked in Canada Revenue Agency will be monitoring over
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Succession Planning & Estate Planning:
In the contemporary times, transferring assets and business succession planning is becoming a big anxiety amongst many people. A proper planning helps to minimize the tax consequences for meeting these needs. Our services will help you to pay little income tax as much as possible. We will take care of your financial planning, business continuation and several other relevant needs.
5. Book Keeping:
Are you looking for effective bookkeeping solutions for your company? Then you have stopped at the right station that can provide you statutory bookkeeping in observance with Government legislation. We also deliver partial bookkeeping for the benefit of our clients. The promptness and punctuality of our services will help you to focus on the core process of your business.
6. Financial Statement Compilation:
Every business has their own financial data but it does not mean that they can create their financial statement easily. This is where our services come in to provide financial information in a digestible format to overcome financial hurdles in a business. Sen consulting takes clients information and prepares the exact financial statement conforming to the principles of GAAP.
7. Part time Controller
Liberty Tax Service accounts for fast preparation of income tax accounts. It is a complete service of computerized tax statement preparation and online filing services that comes with a money back guarantee. As a part of income tax services, this company is also engaged in advising the customers about, auditing, reviews and recommendations for investments in the matters of ease on tax liabilities. The firm takes a full responsibility of initiating the tax refunds.
The IRS plans to have Christian non-profits take down the Social Security numbers of donors who give $250 or more in one year, which will put thousands of philanthropists at risk of identity theft and associated complications, experts say.
The process in which income taxes are paid is simple. Tax laws are written by the President and Congress of the United States. Enforcing the laws written by the President and Congress is the responsibility of the Internal Revenue Service (Perez, 2007), an organization that was once named the Bureau of Internal Revenue but was changed to the Internal Revenue Service (IRS) in the 1950s (IRS, Brief History of IRS, n.d., ¶ 4). The IRS is responsible for collecting taxes, issuing refund...
If you’re relying solely on temp work for your income, this service is quite a boon. You can bank on your payments coming in on a specific
When starting a business, an important question arises, how to finance the company. The steady economic growth combined with low interest rates has produced a lot of liquidity in debt and equity markets. For example, in 2005, non-financial corporate business borrowing increased dramatically to $289 billion, compared to the mere $174 billion it was in 2004 and the $85 billion it was in 2003 (Chung). The outcome of using only debt financing or only equity financing is mostly direct. Businesses run into the issue when a company’s finances require both debt and equity characteristics, changing the tax effects greatly (Hanke).
Albrecht, W. S., Stice, J. D., Stice, E. K., & Skousen, k. F. (2002). Accounting Concepts and Applications. Cincinnati: South-Western.
1. Teamwork – Our international tax team comprise of several experienced professionals. At one hand, we have Professionals who are just starting their international tax compliance career, and there are several team members who have more than 4-5 years of international tax experience. Working with this variety of team members provides the great opportunity to learn new things, also provides an opportunity to see from a different perspective.
Only the most professional and experience tax advice firms will be able to work with you in order to ensure you don't compound being in hock to the IRS with owing large payments to the agency trying to get you out of
Business consulting boosts revenue and businesses. Hiring them in this day and age has become indispensable to ensuring that a certain business succeeds. There are many consultants out there who can offer alternatives in situations other than their area of expertise. A business is sure to operate effectively when consultants like accountants and CPAs are hired for it. A consultant immediately recognizes the contours of the business by discovering its weaknesses and strengths.
They must know the techniques for evaluating a firm's current and forecasted financial statements for everything from credit to security to managerial analysis. Financial advisors will need to have knowledge of financial distress indicators, short- and long-term loan request evaluations and how to measure the impact of accounting information on security
It should be pres... ... middle of paper ... ... o monitor the health of the company and also to make the right choices. They are the most important users of financial information as without this group using the information properly the company could cease to survive. Bibliography Biz/ed 2004, Accounting [Online], available http://www.bized.ac.uk Duncan Williams 2004, User of Financial Statements, [online], available http://www.duncanwill.co.uk Finance Demon 2004, User of Financial Information, [online], available http://www.financedemon.co.uk Financial Reporting Council 2004, About the FRC [online], available http://www.asb.org.uk Hacker Young Chartered Accountants 2004, Accounts Explained [online], available http://www.account-explained.co.uk Joe Corbett 2004, Class Notes, Borders College, Galashiels
Many new business owners struggle with the decision of whether or not to outsource tax compliance services plus “on average 55% of SME’s consider cost of service is an obstacle for them to seek external advice” (Banham, 2014). There are many tax authorities to which a business can owe taxes such as payroll taxes, self-employment taxes, property taxes and sales taxes to name a few. To make matters more confusing, the tax forms, filing and payment deadlines for each type of tax are also individual. Tax errors can occur in a number of ways and are not simply limited to under-reporting income. Other types of errors that can bring about penalties include applying deduction limitations incorrectly and worker misclassification. The IRS grants leniency to first time offenders that fail to file, pay or make timely deposits under the First Time Penalty Abatement policy. The penalties assessed for underpayment of taxes due to negligence are not covered under this policy. The majority of young businesses are not equipped with the financial backing to withstand the blow of such penalties resulting from an error on a tax
Increased competitions and high expectations of the companies have put high pressure on the accountants. Making the most accurate decisions and helping the companies maximize their financial performances have become almost basics of the accountants’ duties. Many business owners question why they need to seek the services of an accountant when they can do many things themselves with the help of the technological tools. Today, an accountant must provide more than what technology can do for the company. They have to set business plans, goals and provide guide to achieve them with less cost and most profit. They have to advise business on their investments and project the most profitable decisions for the company. Beside the investments, accountants expected to consult the firms on their consolidations with other firms. Making decisions and researches on reducing costs, and sharing resource while providing variety of offerings puts lots of stress on the
“The book-keeping, invoicing, stocktaking, payroll functions and customers’ details, weekly wage bill employee’s details are kept manually.”
Throughout the last decade, about 50 percent of transactions never go through, as a result of the buyer and seller not using the correct legality and tax forms. (Parker). If business owners were to sell their businesses by themselves, they would need help with the valuation of the legality forms. For example, there are about 34 documents required for the course