Tax & Advisory » The value of choosing a knowledgeable tax consultation partner

The value of choosing a knowledgeable tax consultation partner

Having to contend with complicated tax paperwork is not what most business owners would describe as their favourite pastime. However, getting your tax submissions done correctly and efficiently by a tax consultation partner can significantly impact your company’s success.

The value of choosing a knowledgeable tax consultation partner

Rather than neglecting this aspect, businesses will greatly benefit from appointing a competent and expert tax consultation partner. Professional consultants provide skilled tax preparation services because they are qualified financial experts with detailed knowledge of tax laws and regulations. But they are also there to support your business and ensure you have the right processes in place to achieve your company’s goals. Having this expertise available for your business is essential.

Discover the 6 significant benefits for your business when partnering with an expert tax consultant

  1. Save valuable time

    Dealing with tax-related admin can take up considerable time and effort, which might be far better spent building your company. Benefit from a knowledgeable tax consultant to optimise your accounts, taxes and company affairs. Not only is it convenient, but it will take a weight off your shoulders and free you up, to work towards your business goals, focussing on exploring new opportunities and other profitable strategies.

  2. Lower your risk

    Having an expert tax consultant lowers your company’s risk, providing quality services delivered efficiently while managing the responsibility of preparing your tax return statements. Your consultant will be available for advice, facilitate any feedback with SARS, take preventive measures, and provide audit assistance when required.

  3. Insightful expertise

    As a business owner, you are the expert in your field of business, but you may not be equally clued up regarding the ever-changing tax laws and regulations. The tax system can be complicated and has many intricate guidelines to adhere to. It is also constantly changing with new rules being added or adjusted, making it strenuous to follow.

    Tax professionals understand the complex system and keep themselves updated regarding new guidelines issued by the revenue service. Tax advisors can also assist you with handling complex financial situations and how to deal appropriately with day to day matters, such as travel allowances, foreign income and more.

  4. Greater accuracy

    Accuracy is a crucial advantage. We know that for any business owner, it is challenging to keep track of multiple accounts, transactions and statements dealing with various expenses and incomes. Tax professionals take care of these aspects for you. Using appropriate software, they can provide you with maximum accuracy, minimising computation errors and reducing the chance of mistakes.

  5. Tax reduction

    Another benefit is to optimise the amount of tax your business needs to pay. With a knowledgeable tax consultation partner who is up-to-date on the latest tax reforms and changes, they will be able to provide you with valuable advice on any deductions or tax structures, saving you money and improving your tax affairs to your business’ advantage.

  6. Better organisation

    Professional tax consultants provide your company with an organised system of handling financial documents. They not only organise the required documents systematically but also keep your financial records up to date, ensuring transparency. The effective use of accounting software also makes it easier to access important information quickly and provides you with relevant financial data when needed.

The value of choosing a knowledgeable tax consultation partner

What makes Exceed exceptional at all of the above?

We are client-focussed, giving each of our clients individual attention and true expertise tailored to suit your business. We strongly believe in building trust through the value of our services and ultimately building a relationship. Building these relationships allows us to advise you ethically, and in turn, nurture your business with smart solutions and practical advice.

Our recommendation when selecting an accounting consultant is to always look for a firm known to be reliable, efficient and expert in the field of taxation. And lastly, always check whether the firm is registered with a regulatory body. 

Exceed is a market-leading company (across South Africa, the United Kingdom and other parts of the world) and your partner in tax preparation and compliance. If you are looking to collaborate with a team of trustworthy, experienced tax consultants who will take care of tax matters while you tend to the running of your business, give us a call