The Need for Tax Efficiency Consulting
Tax can be complicated, whether you are an individual or a business owner, young or old or have any financial knowledge or experience at all, it has proven to be overwhelming to many. It is not possible to stay on top of the latest tax rules, potential rebates or investment alternatives. In order to effectively manage your finances and make good financial decisions, for yourself or your company, it is good to consult with a tax expert who can provide you with the best financial advice for your situation.
We assist individuals and businesses towards achieving maximum tax efficiency by taking them through a consultation process. Through this process, our registered tax practitioners will perform an in-depth evaluation and analysis of income and assets and make recommendations in line with the best use of tax exemptions, deductions and benefits to minimise tax liability within the legislative framework.
*Please note: our service offering does not include submitting returns on your behalf.
What is Grid Forensic Accounting’s approach to Tax Efficiency Consulting?
Each of our client’s journeys with us will differ slightly according to their personal and business needs, however, below follows a generic process for your reference.
The Grid Forensic Accounting Tax Consulting Process:
1. Initial Consultation – We meet with the client to determine what their current tax structure is, what their specific needs are and how we can add value.
2. Analysis of Information – We process and analyse all the documentation and information identified in the initial consultation.
3. Review of Current Tax Structures – We review the client’s current tax structure and align it to the relevant sections of the Income Tax Act.
4. Develop a Tax-Effective Scenario – We develop a tax-effective scenario that provides maximum tax efficiency.
The cost of Tax Efficiency Consulting
Fees may vary depending on the complexity of the client’s situation, the amount of documentation required for assessment, and the extent of any relevant investigations.
Because everyone’s needs and situations are so different, it is not possible to provide an exact costing. We can, however, assist by reviewing the prospective client’s information at our obligation-free initial consultation and provide an estimated cost at their request. No charge will be made for this review should they not continue with our services.