- November 17, 2020
- Posted by: dawgenglobal
- Categories: Accounting and Consulting Firms, accounting firm, Advisory
Chartered Accountants (CAs) , can help you in your individual or business accounting and tax preparation in many ways. With the laws surrounding accountancy such as generally accepted accounting practices for businesses, and tax laws that change every year for individuals, hiring a CA to perform your accounting services needs is the best way to ensure that your accounting is error free in case of Tax audits or other audit.
Dawgen Global Team comprises CAs who can perform a variety of services to small businesses, large corporations, or individuals. They are accountable to government agencies for their ethics and business practices, which ensures that you the consumer are protected from fraudulent activity by CAs, and giving you security in knowing that your accounting is in good hands.
CAs can perform general accounting, audits, or tax services. CAs must have a college education in accounting, and an examination prepared by the American Institute of Certified Public Accountants (AICPA) or other relevant accounting bodies . A CA can be self-employed individuals acting on their own behalf and that of the CA’s clients, or they can be employed within a public accounting firm such as Dawgen Global in tax or audit services.
Having a CA prepare your business or individual income tax return is a great way to avoid errors, not to mention the prying eyes of the Tax Authorities (TA) and an audit. A CA must undergo continuing education as accounting and tax laws change from year to year. Therefore, only a CA can ensure that your tax return is completely accurate. Not only is accuracy important to the TA and in case of an audit, but it is important to your immediate financial future as well. Because a CA has intimate knowledge of tax laws and available exemptions, a CA can make sure you get the largest refund possible.
In the case that you are chosen for audit by TA, your best bet to come through the audit cleanly is to have a CA by your side. A CA is as familiar with tax law as the TA representative performing the audit. Because of this, the CA can negotiate a lower penalty, help you avoid penalties, and help you claim the deductions you deserve. You should contact a CA as soon as you have received an audit notice from the TA, because the CA can help you prepare for your audit and gather the necessary information. Then, the CA can walk into the audit interview by your side, completely in charge and confident of the outcome of your audit.
If you own a small business, a CA can also help you determine what business taxes are required by your local, state, and federal government. In addition, the CA can help you set up a double entry accounting system that includes a journal and ledger. The CA can also help you to set up a standard chart of accounts for use with your ledger. All of these tools will help you stay organized and ready for tax time and any possible audits. The CA can also use the information from these tools to create financial statements for your business, which will then help you to make business decisions, make comparisons with competitors, discover industry and company financial trends, and prepare financial reports and business plans for purposes of investors and bank loans.
Whatever the financial service required, a CA is your best bet. With a CA, you have the security of a licensed, monitored professional along with the peace of mind that all of your accounting is accurate and ready for any possible audit.
Dawgen Global is an integrated multidisciplinary professional service firm providing a wide range of services including: Audit , Advisory, Tax, Legal and Risk. We are organised in Business Units to serve you better. These includes: Dawgen Auditors, Dawgen Advisors, Dawgen Finance,Dawgen Media, Dawgen Tech, Dawgen HR Solution, Dawgen Legal and more Let’s have a conversation !! We are here to serve you: Email: firstname.lastname@example.org’