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The Accounting and Tax

Duties of a Corporate Tax Attorney

First and foremost, it is very important to clarify the fact who is a tax attorney! Tax attorneys are the ones that specialize in tax law and legislation. People often confuse them with accountants or CPAs but their duties are completely different. It is known to all that tax consultation service in Toronto is very strong, thus it is also true that there are huge prospects for corporate tax attorneys as well. Let’s enlighten on the basic duties of the corporate tax attorneys.

Assist in audit issues –

This is a major function of tax attorneys. They assist clients in about all audit issues as well as carry out negotiations on all bank levy issues. This has a grand effect on the entire organization.

Analyze present transactions –

Transactions are the integral parts of any corporate sector. A tax attorney analyzes all the present transactions for acquisitions and also maintains knowledge on all its relevant laws along with accounting standards.

Looking after details of tax returns –

A tax attorney prepares the entire basic internal portion for all the company’s tax returns and prepares a proper concrete schedule for the same and maintains knowledge of all audit data requests and provide appropriate response to same. Corporate Tax consultants in Toronto strictly follows all these rules while performing the role of a tax attorney.

Administration of business transaction –

This is a highly risky task because a lot of details have to be followed up! A tax attorney administers all business transactions and designs all the tax planning projects of the company concerned. The person also administers the entire installment agreements and performs audits on the same and coordinates along with the staff members in order to manage all communications.

A tax attorney has an immensely risky job because it is not just related to accountancy! He actually does thorough research on all the tax issues related to the corporate company and prepares all the audits along with the administration of all foreign tax credits and makes appropriate calculations. Our consultancy team at The Accounting & Tax is always at your service to train you or rather advise you on the basic ways to accomplish the tasks of a corporate tax attorney.

Mansoor Suhail has been providing Accounting, Bookkeeping and Taxation services since 2001 in Toronto, Canada. He is fully competent in Canada and U.S.A tax filings and consultation. He can handle Personal, Small Business, Partnerships and Corporations tax issues with full confidence. He is also able to handle International tax issues for Foreign Students, Expatriates and Foreign Corporations.

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