A tax consultant, or adviser, is a person trained in tax law.
Most individuals and companies in Britain will at some point look for a best tax consultant in UAE to help them write a proper statement of income and to minimise their tax bills.
Although it sounds like something only the rich would need, people from all industries and income brackets would benefit from expert advice to see if they are paying the right amount of tax and being as taxefficient as possible. After all, no one wants a big, unexpected bill landing on the doormat.
Tax laws are incredibly complicated but an expert will be able to look at your business and daily working life and point out things you could be doing to reduce your tax bill.
They will look at areas such as:
Are you keeping a record of charitable donations so you can write them off against your tax?
If you have your own business, are you paying yourself the right amount to ensure it is as tax efficient as possible?
Did you know there are some extremely generous tax breaks for working from home?
If you have staff, are you taking full advantage of tax break schemes such as Childcare Vouchers and Cycle to Work schemes?
Would you be better off under the VAT Flat Rate Scheme where you pay a flat rate of VAT on your turnover?
Whether you're a sole trader, an independent contractor, a director of a large company or the owner of a small to medium-sized business; no one can be expected to be an expert in the intricacies of tax law - that's what the professionals are for.
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