The financial vertical of any business is one of the most complex areas. It involve aspects; Tax payments and deductions which requires a clear understanding to help in running the business smoothly. An experience tax consultant can help you handle the finances wisely.
Here are some pro-tips helpful in choosing a tax consultant-
Clarity About Type of Tax Service Required
There are various types of services offered by a single consultant, but all of them will not be needed for your business. Therefore it’s mandatory to opt for the one which is suitable as per your needs. Prefer a consultant who can work in full sync with your business requirement and try to develop a clear understanding sooner.
Choose Only The Firms Working Whole Year
To face any type of possible tax-related issues, look for an agency having good experience of international tax & accounting services at any given time. They will be doing a detailed study for your present financial status and prepare a report about possibilities of saving taxes. Neither of tax consultants will be able to provide estimation of savings you can be making in first meeting.
Validate License of Tax Consultancy
Always select an international tax agency having a valid licensed accredited from a government or council. Any based on the size of your refund especially VAT assistance providers must have a valid license essentially, otherwise they are considered frauds.
Consultant Should Be Questioning
Always choose a tax consultant having deep curiosity in financial aspect of your business since the first meet. Avoid hiring anyone whom you need to ask questions rather than getting solutions. Choose a tax consultant asking more about your long-term financial goals, since tax professional ensure maximum tax savings after a detailed study of business.
Great Education & Experience Is Must
Both education & experience is a must for any tax consultant. For example any person having a degree from renowned a university and experience of working from leading tax companies in Dubai or globally will be an aid.
Only Consultation Will Not Suffice
Always opt for a tax consultancy firm preparing your taxes and offers advice at the same time. Generally a tax preparer don’t have clarity of advising on how to prepare tax returns, so choose any tax consultancy services having both accuracy and skills at same moment.
Don’t Forget To Compare Fees
The fees for filling tax return is variable in every tax companies of Dubai which can be on hourly or daily basis. Therefore choose those who offers you fees based on the amount of your refunds or promise to give you a bigger refund in comparison to others.