Tax BlogTo tax or not to tax.. is NOT even a question.

September 17, 20120
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Taxes have become an integral part of our everyday life that we have become oblivious to the fact that the idea of it has been concealed in the food that we eat, the water that we drink, the things that we use and most especially in the different vices we are accustomed to. As basic as it may seem, it is a well-known fact that Tax laws and concepts are rather difficult for any individual to comprehend without the expertise and knowledge of it. However, it proves to be more challenging when these regulations are applied in the day to day operations of a company.

Whether a company belongs to an SME or Large sector, every company needs to comply with different forms and systems of taxes depending on their business and type of industry they are in. More often than not it can be very taxing and frustrating for companies especially if they do not have an experienced and qualified person for the job.

Tax consultation is a very crucial part in the financial aspect of every company. The scope of work involved in dealing with tax includes tedious processes and careful analyses on the part of the tax consultants. Merely a minor oversight may cause penalties and other serious repercussions to the company. Here in the Philippines, under its current administration, the Bureau of Internal Revenue (BIR) has become stricter in implementing its rules and penalizing violators and non-compliant companies.

The importance of having the right person for the job will not only be beneficial for the company but will also be cost efficient. Tax consulting does not only involve analysis of the current financial situation but can also serve as a basis to determine future financial strategies for the company.

With Triple i Consulting, companies can be assured that an experienced and qualified team will assist them and provide sound advice in their Tax Consulting concerns and requirements.

Save yourself and your company the hassle of paying penalties and dealing with the BIR and ensure that you have the best person or company handling your Financials. Who knows, your company could be the next big thing?

 

By: Triple i Consulting SMD

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