An Overview
Personal tax advisory refers to services provided by tax professionals to individuals for the purpose of managing their personal tax affairs. Personal tax advisory can involve a wide range of tax-related services, including tax planning, compliance, and filing of tax returns.
Tax advisors who specialize in personal tax can help individuals navigate complex tax laws and regulations, identify tax-saving opportunities, and ensure compliance with tax requirements. They can provide advice and guidance on various tax-related issues, such as income tax, capital gains tax, estate and gift tax, and other tax matters that may impact individuals and their families.
Assistance to Clients under Personal Taxation
We assist clients in providing the following personnel tax services in relation to expatriates, non-residents and high net-worth individuals (HNIs):
- Review of tax computation and preparation of tax return
- Identifying tax planning opportunities with respect to salary payments
- Review of documentation to ensure that the position adopted by the clients are appropriate
- Assistance in filing of quarterly withholding tax return in relation to salary payments
- Assistance in representation before the tax authorities in relation to the aforesaid categories.
Frequently Asked Questions
Who needs personal tax advisory services?
Anyone who has to file a tax return can benefit from personal tax advisory services. Individuals, who have complex financial situations, such as multiple sources of income, investments, or business interests, may particularly benefit from the services of a personal tax advisor.
How can a personal tax advisor help me save money on my taxes?
A personal tax advisor can identify tax-saving opportunities and help you to structure your finances in a way that minimizes your tax liabilities. This can include taking advantage of deductions, credits, and other tax incentives.