We do the outsourcing of the administrative tasks associated with paying employees and complying with payroll-related tax regulations. We use payroll services to streamline your operations, ensure accuracy in payroll processing, and stay compliant with tax laws. Salary and Wage Processing, Employee Benefits Administration and many more
At Connaissance Business Advisors, we play a crucial role in helping individuals navigate the complexities of personal income tax. Here are some ways in which we can assist with personal income tax matters: We help individuals plan their finances strategically to minimize their tax liability. This may involve structuring income, taking advantage of tax credits and deductions, and timing financial transactions appropriately.
At Connaissance Business Advisors, we play a crucial role in helping businesses navigate Value Added Tax (VAT), a consumption tax that is assessed on the value added to goods and services at each stage of the production and distribution chain. Here are several ways we assist businesses with VAT:
At Connaissance Business Advisors, we play a crucial role in assisting both employers and employees with PAYE-related matters. We assist businesses in setting up efficient payroll systems that accurately calculate and process PAYE deductions. This includes accounting for income tax, National Insurance contributions, and other relevant deductions. Tax Code Management, Employee Records; Maintaining Accurate Records, submit Real-Time Information (RTI) reports, etc
We helping individuals navigate the complexities of personal income tax. Here are some ways in which we can assist with personal income tax matters:
1. Tax Planning:
Strategic Planning: We help individuals plan their finances strategically to minimize their tax liability. This may involve structuring income, taking advantage of tax credits and deductions, and timing financial transactions appropriately.
2. Tax Return Preparation:
Accuracy and Compliance: We are skilled at preparing accurate and compliant tax returns. We ensure that all relevant income, deductions, and credits are properly reported, reducing the risk of errors that could lead to penalties.
3. Deduction and Credit Optimization:
Identifying Opportunities: We are knowledgeable about various deductions and credits available in tax codes. We can identify opportunities for individuals to maximize their tax savings through legitimate deductions and credits.
4. Filing Status Optimization:
Choosing the Right Status: We advise on the most advantageous filing status for individuals, considering factors such as marital status, dependents, and other family circumstances.
5. Recordkeeping:
Organizing Financial Records: We assist individuals in maintaining organized financial records throughout the year. This includes keeping track of income, expenses, and supporting documentation for deductions and credits.
6. Tax Law Changes:
Staying Informed: Tax laws and regulations change, and we at Conaissance Business Advisors stay informed about these changes. We help individuals understand how new laws may impact their tax situation and make necessary adjustments.
6. Communication with Tax Authorities:
Representing Clients: In the case of audits or inquiries from tax authorities, we represent our clients, providing documentation and explanations to address any questions raised by tax officials.
7. Estimated Tax Payments:
Calculating and Advising: For individuals with income not subject to withholding, such as self-employed individuals, we help calculate and advise on making estimated tax payments to avoid underpayment penalties.
8. Tax Advice and Consultation:
Addressing Queries: Individuals often have questions about specific tax situations. We provide advice and clarification on various tax matters, helping clients make informed decisions.
9. Estate and Inheritance Planning:
Minimising Tax Impact: We assist with estate and inheritance planning, helping individuals minimise the tax impact on their assets and ensure a smooth transition of wealth to heirs.
Engaging the services of a qualified accountants like us can be particularly beneficial for you with complex financial situations or those facing significant life changes, such as marriage, divorce, or retirement. Us at Conaissance Business Advisors, we bring expertise in tax laws and regulations, helping individuals make sound financial decisions and optimise their tax positions.
At Connaissance Business Advisors, we play a crucial role in helping businesses navigate Value Added Tax (VAT), a consumption tax that is assessed on the value added to goods and services at each stage of the production and distribution chain. Here are several ways we assist businesses with VAT:
VAT Registration:
Determining Thresholds: We help businesses understand whether they are required to register for VAT based on turnover thresholds. We guide businesses through the registration process, ensuring compliance with regulations.
VAT Compliance:
Filing VAT Returns: We are responsible for preparing and filing VAT returns on behalf of businesses. This involves calculating the amount of VAT collected on sales and the VAT paid on purchases.
Record Keeping:
Maintaining Transaction Records: We assist businesses in maintaining accurate and organized records of all transactions, including sales, purchases, and VAT payments. Proper record keeping is essential for compliance and for providing evidence in case of audits.
VAT Rates and Exemptions:
Understanding Applicable Rates: We help businesses understand the applicable VAT rates for different goods and services. We also assist in identifying any exemptions or reduced rates that may apply to specific transactions.
VAT Invoicing:
Ensuring Compliance: We ensure that businesses issue proper VAT invoices that meet the legal requirements. This includes including the necessary details, such as the VAT registration number, transaction amounts, and applicable VAT rates.
VAT Reclaims:
Recovering Input VAT: We help businesses identify and reclaim input VAT paid on eligible purchases. This involves ensuring that the necessary documentation is in place and that the reclaim process is done in accordance with tax regulations.
VAT Audits and Investigations:
Assisting in Audits: In the event of a VAT audit or investigation, we play a crucial role in representing businesses and providing the necessary documentation and explanations to tax authorities.
VAT Planning:
Strategic Advice: We provide strategic advice on VAT planning to help businesses minimise their VAT liability. This may involve structuring transactions in a way that optimises VAT efficiency.
Cross-Border Transactions:
Navigating International VAT Rules: For businesses involved in cross-border transactions, we help navigate the complex rules and regulations related to VAT in different jurisdictions. This includes understanding the implications of the EU VAT system and other international VAT regimes.
Training and Education:
Keeping Clients Informed: We keep our clients informed about changes in VAT laws and regulations. We provide training and education to ensure that businesses understand and comply with any new requirements.
Given the complexity of VAT regulations and the potential financial implications for businesses, many organisations rely on the expertise of Connaissance Business Advisors to ensure proper compliance and to optimise their VAT positions. This is particularly important for businesses operating in multiple jurisdictions or those involved in industries with specific VAT challenges.
Connaissance Business Advisors
010 054 6016
