Take Charge of Your Taxes in Legal, & Ethical Ways with Steadfast Tax Planning Services
July 13, 2022
For everyone, including individuals, sole proprietors, and small enterprises, tax preparation may be a cause of frustration. It’s normal to feel disoriented during tax season if you don’t have any experience with accounting or taxes.
Everyone has options for tax and financial planning. While the majority of people feel that only those with substantial wealth need to plan for taxes, the truth is that everyone may gain from doing so. In this round-up, let’s understand how you can take charge of your taxes in legal and ethical ways.
What is Tax Planning?
Tax planning is systematically analyzing finances and assets in order to legally and legitimately lower the tax burden. To develop a suitable investment strategy that enables the achievement of financial objectives while also minimizing tax liability, it is necessary to understand the tax implications of various cash inflows and outflows, including salary composition, property income, home loan, investments, sale or purchase of assets, gifts, and interest-bearing deposits. Careful tax planning is critical for both individuals’ and organizations’ success in an unpredictable and dynamic global economy.
Tax Planning Benefits
Businesses that lower their tax obligations through tax planning may pay their employees and investors higher returns. They can also enhance working capital and boost performance efficiency with the money that would otherwise be paid in taxes, or they can spend more on capital expansion to increase market share.
Why Hire Tax Planning Consultant?
Every year, tax regulations change, and if you don’t stay on top of them, you might make expensive errors. Therefore, it is important to hire a tax planning consultant so that you can save yourself from all the hassles. You can explore how each investment advances financial objectives with the assistance of a tax planning professional or financial counsellor. You can uncover how each of the investment choices will impact your total tax status from a tax planning specialist.
Why Choose Steadfast Business Consulting?
Worldwide Network
SBC is a member of Prime Global, which has network of over 300 members in more than 100 nations. So, if you are looking for tax consultancy for your MNEs for national and international needs and filings, the firm is your one-stop solution.
Big Alumni and Team
The team has Big4 Alumni. They hold direct hands-on experience in handling complicated tax assignments and use the best practices from the expertise and experience of the team to deliver sturdy documentation and standpoint.
International Benchmarking Team
Along with Indian Database, Steadfast is well-decked with international databases. The company has abilities to handle end-to-end international benchmarking exercises of corporates spread across different regulations.
Security
With ISO 9001:2015 and ISO 27001:2013 certification, SBC ensures its clients that all their corporate data is safe, and it abides by the international confidentiality standards and client data security regulations. From the start, Steadfast has been adaptable to changing dynamics of the taxation realm and the needs of the new-gen clients and businesses.
Steadfast Range of Tax Planning Services
Personal/Expat Tax services:
Our services towards expats include compensation structuring, social security advisory & compliances, filing of tax returns (in India & outside India), tax litigation support in India, family trust set up & maintenance, office management services, and wealth management advisory.
Domestic Tax Planning:
We offer a plethora of fully integrated direct tax and regulatory services for dynamic businesses in their global operations as well as local operations. As the ease of doing business in India is increasing, investors are enthusiastic about making investments in the country. Our specialist teams provide the most tax-effective solutions to large multinational companies, mid-size businesses, high-net-worth individuals, and entrepreneurs looking to grow their businesses.
Tax Litigation & Controversy Services:
- Faceless Assessment & Appeals Representation (including CIT-A, Tribunal, High Court & Supreme Court)
- Advance Rulings (new Board for Advance Rulings) & MAP (Mutual Agreement Procedure)
- NIL / Lower WHT Certificates (Domestic & International transactions)
- Tax Scrutiny Preparedness (Maintaining effective tax documentation)
Transfer Pricing:
We offer Transfer Pricing Advisory on aspects like Pricing Policy & Price Setting, Secondary Adjustments, Transfer Pricing Due Diligence, Economic adjustments computation.; Transfer Pricing Litigation support & Representations before Income Tax Appellate Tribunals (ITAT), High Court, Supreme Court, etc.; BEPS advisory; Valuations for arm’s length determination for Transfer Pricing purposes; Complex inter-company transactions including Planning, Implementation & Compliance
Goods and Services Tax Support:
Our subject matter experience in Indirect Taxation and experience in handling GST transition for various businesses puts us in an ideal position to ensure compliance with GST law and in the provision of value-driven services to our clients. We can help our clients with GST Refunds, GST Litigation, GST Health Check-up services, etc.
Foreign Trade Policy Support:
We have consistently assisted our clients in optimising the claim of different incentives extended under the FTP.
Cross Border Taxation:
Our services under Cross-border taxation include Advisory on WHT applicability for various international transactions, Global Entity Structuring / Re-structuring, Permanent Establishment (PE) implications, etc.
Transaction Tax Assistance:
With deep technical skills and practical transactional experience, our Transaction Tax team will support you in achieving your goals in today’s rapidly changing environment.
Our offerings
- Acquisition, disposal, merger, spin-off, capital reduction, share buyback, or any other form of organisational or capital structuring/restructuring
- Acquisition of Distress Assets, and entities covered under Insolvency & Bankruptcy Code, 2016 (IBC)
- Supporting the Committee of Creditors (CoC) in the evaluation of Resolution Plans submitted by bidders under IBC
- Project manage cross-border mergers and acquisitions
- Restructure your diversified businesses
- Rationalise multi-layered structure or group holdings and facilitate achieving a tax-efficient organisational structure
- Voluntary liquidation/spin-off under IBC
Conclusion
We specialize in taxes. With regard to tax issues, we can assist both individuals and corporations. Our Tax management team encompasses the entire spectrum of direct, indirect, and personal taxes with a multi-jurisdictional approach. We have tie-ups with other member firms’ offices spread across the globe, in ensuring to provide quality national and international tax advisory services.
Our professionals are drawn from diversified industries. They are specialized in various fields of industry specialization, service line specialization, international exposure and advanced training enable them to work with our clients and be their advisors in a wide spectrum of their business processes.
Make an appointment for a free consultation with us to find out more.