Personal Tax Returns

 

The federal income tax is a pay-as-you-go tax. Personal Tax Returns  You must pay the tax as you earn or receive income during the year. An employee usually has income tax withheld from his or her pay. If you do not pay your tax through withholding, or do not pay enough tax that way, you might have to pay estimated tax. If you are not required to make estimated tax payments, you may pay any tax due when you file your return. We have dedicated teams of tax compliance specialists who can assist in completing corporate income tax returns and filing them with the local tax authority. We can calculate your local corporate income tax liabilities and advise you when and how to pay them. And we’ll complete any other mandatory or statutory filings relating to the local reporting of commercial revenues, expenses, profits, assets and transfer pricing policies.​ Corporate tax returns detail the company’s profits and expenses to determine the amount of tax the company owes to the US government. The return comprises of several schedules that detail information such as the costs of goods sold, dividends and deductions, officer compensation, details about the accounting method used, business type, classification number, balance sheets, and the reconciliation of income and loss. A Company Tax Return is the financial information that most companies file with each year to report on their earnings, losses, loans and any other factors relevant to their tax liability. Companies use this information to calculate the Corporation Tax that they owe. Financial statements mean any statement to provide information about the financial position, performance and changes in the financial position and it includes a balance sheet, profit and loss account and other statements etc. All companies are required to prepare financial statements of the company based on the Book of Accounts.