services
Corporate Tax
Includes Corporate Tax Services, Different Types of Corporate Tax, FAQ
What’s Corporate Tax Service?
- It involves a range of professional services to help businesses manage their tax obligations effectively.
- Ensuring that all tax filings are accurate and submitted on time to local, state, and federal tax authorities.
- Providing expert advice on complex tax issues, such as mergers and acquisitions, international taxation, and legislative changes.
- Preparing and filing corporate tax returns, including income tax, VAT/GST, and other relevant taxes.
- Assisting with tax audits and providing representation before tax authorities to resolve disputes.
Different types of Corporate Tax
- Corporate Income Tax: Levied on a company's profits.
- Minimum Alternative Tax (MAT): Applicable when the income tax payable is less than a certain percentage of book profit.
- Value-Added Tax (VAT): A consumption tax levied on the value added to goods and services at each stage of production or distribution.
- Goods and Services Tax (GST): A comprehensive indirect tax levied on the manufacture, sale, and consumption of goods and services.
- Payroll Tax: Taxes employers must pay on behalf of their employees, based on the employee wages.
- Social Security and Medicare Taxes: Contributions to social security and healthcare funds.
- Real Property Tax: Tax on the value of real estate owned by a corporation.
- Personal Property Tax: Tax on the value of movable property owned by a corporation.
- Levied on specific goods like alcohol, tobacco, and fuel.
- A tax levied on businesses for the privilege of operating within a certain jurisdiction, not based on income.
- Tax on the profit from the sale of assets or investments.
- Tax on dividends paid to shareholders.
Our Value-added Service
Our skilled team of corporate tax professionals is here to support you. With a single consultation, we can evaluate the tax information your organization needs to provide to regulatory bodies.
Our fast delivery Service
At FAZ Corporate Tax Services, we take pride in our efficient and seamless tax solutions. Our role is to collect all essential financial records, conduct thorough assessments, and swiftly prepare comprehensive tax reports.
Never Miss a Deadline
Understanding the required tax information ensures you will never have to worry about last-minute preparations for regulatory compliance, avoiding the risk of missing critical documents and potential penalties.
FAQ
Businesses may be subject to various types of taxes, including corporate income tax, value-added tax (VAT), goods and services tax (GST), payroll taxes, property taxes, excise taxes, franchise taxes, capital gains tax, dividends tax, and environmental taxes.
Tax planning can help your business by identifying tax-saving opportunities, optimizing tax strategies, deferring tax liabilities, and taking advantage of tax credits and incentives. This proactive approach can lead to significant cost savings and improved financial management.
Tax compliance involves adhering to all tax laws and regulations, including accurate and timely filing of tax returns and payment of taxes. Compliance is crucial to avoid penalties, interest, and legal issues that can arise from non-compliance.
Transfer pricing refers to the pricing of transactions between related entities across borders. It is important for multinational companies to ensure compliance with international tax laws and avoid double taxation or penalties due to incorrect pricing.
Tax credits and incentives can significantly reduce your tax liabilities. Corporate tax services can help identify and apply for applicable credits and incentives, ensuring that your business takes full advantage of these opportunities.