Whether you are starting a new firm or expanding your business overseas, it is extremely important to handle all the formalities diligently while you setup your business. Most of us do not have any interest in dealing with formalities that would not impact the company’s business. However, it is equally vital to understand the legalities associated with it as you would not want to pay any penalties.
If you are wondering why an individual would need a tax consultant, you have come to the right place as this article is going to briefly discuss the reasons for hiring tax consultants. As different places have various laws related to the business field, you need to have immense knowledge on the intricate details like VAT registration, a tax regime which was recently implemented in UAE. Hence, the legal authorities would expect every firm to register their company for VAT.
Even though you might have the right resources and information for opening up a firm in UAE, you might not know how to go about completing the formalities that would officially register your company under VAT. In fact, this would be even more difficult if you have recently moved to Dubai. Hence, getting in touch with a tax consultancy will give you a better understanding of the legal formalities.
We at Sarah Ferguson Tax Consultancy have a team of experts who would guide you through the whole procedure. They will clear all your queries and make the entire process simpler and faster.
Another reason to hire tax consultants could be the development of a major change in your company or life. For instance, if you are planning to retire, then you would need professional guidance in terms of making retirement saving accounts. Other situations could include real estate transactions, income from rental properties, self-employment income, and trust funds to name a few.
In fact, it would be advisable to hire consultants if you are having a major change in your life like getting married, adopting kids or when you are buying or selling a property. In such situations when you are already stressed and occupied in something else, it would be better to leave tax-related issues to the experts and specialists.
Our tax consultancy offers quality service in two countries namely UAE and UK. We aim to help our clients with all tax associated problems which might prevent you from focusing on your work or business. Additionally, we provide a 30-minute free session where you could ask your queries and it can be assured that all our professionals will support you completely. If you think you are in need of a tax consultant, feel free to book an appointment with us!