Tax Consultants
Need some help in preparing tax returns and making sure that every transaction complies with the government regulations? If you do, you can hire and seek advice from tax consultants in Singapore like Podwerx.
Tax consultants can help you make wise financial decisions about tax-related issues. This includes fulfilling all tax obligations and recommending effective strategies to reduce your tax liabilities.
Tax Consultants
Need some help in preparing tax returns and making sure that every transaction complies with the government regulations? If you do, you can hire and seek advice from tax consultants in Singapore like Podwerx.
Tax consultants can help you make wise financial decisions about tax-related issues. This includes fulfilling all tax obligations and recommending effective strategies to reduce your tax liabilities.
Difference between Accountants and Tax Consultants
Both accountants and tax consultants play an important role to effectively manage your finances.
However, there are still differences between the two and it’s important to consider which professional you’ll require
| Accountants | Tax Consultants | |
|---|---|---|
| What they do |
|
|
Types of Services Provided by
Tax Consultants
Corporate Tax
Companies in Singapore are taxed at a 17% flat rate on its chargeable income.
Corporate tax services typically include:
- Preparation and filing of company income tax returns
- Assistance with local corporate tax planning
- Application for local tax incentives and advanced tax rulings
Personal Tax
The amount of tax paid depends on your residency status.
Residents are taxed at an increasing rate while non-residents are taxed at 15% or the progressive resident tax rate, whichever is the higher tax amount.
Personal tax services include:
- Preparation of income tax returns
- Application for tax schemes like the Not Ordinarily Resident scheme
- Local personal tax planning and advisory
Goods and Services Tax (GST)
Many GST-registered companies may still face challenges in implementing practical processes that comply with the GST requirements.
Professional GST assistance is hence provided in the following areas:
- GST registration
- GST advisory on local and cross-border transactions
- Review and preparation of GST returns
Transfer Pricing (TP)
Transfer pricing is the pricing of goods and services between related parties.
Related parties include your business affiliates, shareholder groups, and subsidiaries.
TP services consist of:
- Preparation of all TP compliance documents
- Review of existing TP policies and suggesting relevant improvements
- Assist with TP audit
- Assessment of inter-company agreements to ensure they’re compliant with the TP guidelines and backed by the appropriate price-setting documentation
Benefits of Engaging Tax Consultants
Effective tax planning
If you intend to make any changes to your business, clear planning based on the advice of a tax consultant can save you a significant amount of money and keep your tax liabilities as low as possible.
Knowing the appropriate time to make your decision is as important as knowing the right decision to make.
Improved efficiency
With a tax consultant’s knowledge and best practices that adhere to the local regulations, you can easily meet any tax obligations and mitigate your risks.
You can also look forward to improving the efficiency of your local and international operations with international tax advisory and global TP services.
Improved efficiency
With a tax consultant’s knowledge and best practices that adhere to the local regulations, you can easily meet any tax obligations and mitigate your risks.
You can also look forward to improving the efficiency of your local and international operations with international tax advisory and global TP services.
Tax Consultant Service Plans by Podwerx
Corporate Tax
$800/month
onwards per Form C/C-S Submission
Include Cloud Intuitive Software
Include Document Management App
Include Data Entry
Include Monthly Reporting of Financials
Why choose Podwerx?
Highly competent team
At Podwerx, our team can offer you personalised tax services and advice regardless of your company size, sector or stage of growth.
We believe in building long-term relationships built on understanding your unique needs and will work collaboratively to provide you with reliable and appropriate tax solutions.
Highly competent team
At Podwerx, our team can offer you personalised tax services and advice regardless of your company size, sector or stage of growth.
We believe in building long-term relationships built on understanding your unique needs and will work collaboratively to provide you with reliable and appropriate tax solutions.
Complete tax service plans
We offer a wide range of tax services for both personal and corporate purposes, providing legal, financial, and strategic business advisory for all clients.
With our industry-specialized teams that consist of experienced tax consultants, we’ll also conduct thorough checks on your tax affairs to prevent any penalties.
FAQs
Do I need a tax consultant?
Tax consultants are experts in tax law, planning and compliance. They serve businesses and individuals alike by staying current on new tax laws and reducing your tax liabilities.
You can consider hiring a tax consultant if you require advice on effective ways to save on your taxes while staying compliant with the Singapore laws.
How much does it cost to hire a tax consultant?
The fees you’ll pay a tax consultant depends on a number of factors — contingency fees, customised services as well as whether he/she is an online tax consultant.
Podwerx offers tax consultant services at the most affordable prices as we understand your needs and can provide you with solutions suitable for your budget.
How do I choose a tax consultant?
If you’re keen to engage tax consultant services, here are some considerations that may help with your decision:
- How many years of experience do the tax consultants have?
- Have they worked with other clients in similar industries as you?
Our experts at Podwerx have worked with clients from all kinds of industries and will provide the complete suite of services you require.