Taxation services start from the advisory services for the financial affairs of a reporting entity.
 
It encompasses the preparation of different periodical statutory returns to the taxation authorities and the presentation of the client’s view in accordance with the latest amendments of the law for the purpose of the completion of assessment proceedings.
  
In cases of difference of opinion with the tax authorities on legal or factual positions we plead before the appellate.
 
The surest way to reduce your taxes with a smile is to convert your personal expenditure into allowable deductions.
   
Turn your hobby into a business and you will cut your tax bill.
   
Is it simple? Yes.
   
This is what is known as a tax strategy. That is the art of converting expenses into legitimate business expenses. To win, you must run a business. This is not complicated or cumbersome or even impossible and incorporation is not necessary.
  

  
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To be in business, you merely have to declare it. By declaring your business you can turn expenses into tax deductions.
  
Should you wish to establish business as a non corporate format, as an individual but under a trading name other than your own...its not a problem.
  
Here’s the magic part. Your business intends to make a profit, but your business does not have to make a profit for your expenses to be deductible. All you have to do is establish a "profit motive" Under the Inland Revenue Code, a "profit motive" is presumed if you earn any net income in any three out five business years.
  
It has long been established that businesses probably will not make a profit in the early years of trading. Remember that you do not have to show a profit...just a "profit motive" In one case, despite 20 years of losses, the court found a profit objective and allowed the deductions of the business losses in full for one company The case was not unusual.
  
The test for deduction is whether you have an actual and honest profit objective. You will greatly need a reasonable exception of profit.
   
The tests are the doctrine, that knowledge is merely subjective and incapable of objective proof. The factors in deciding must be that your intentions are honourable:
  

  
Furthermore, even if you are in full time employment elsewhere, that does not prevent you from having another vocation on the side.
  

   
  
To qualify as a deduction your expenses must be:
  
Ordinary and necessary, meaning reasonable and customary.
  
Paid or incurred during the accounting tax year.
   
Connected with the conduct of a trade or business.
   
The term "reasonable and customary" depends on your specific enterprise and the enterprise custom. The means that they are particular to trade and business.
   

    
   
Tax Planning is an all year round process. By definition it should be proactive, not just reactive.
   
Know what you expect to earn:
   
Planning for tax must be future orientated rather than past reactive. If your income is          escalating, then plan for it.
  
Know what you expect to pay:
   
The tax systems are a "PAYE" - Pay As You Earn. If you receive wages your employer withholds income tax from those wages. If you have any other kind of income from self-employment, dividends, interest, rents etc., then you may have to pay estimated taxes.
    
Project income and deductible expense:
   
Discipline is the key to all tax planning. To be successful, you must have the discipline to project your income and deductible expenses.
   
Prepare for an Audit:
   
Your business can get audited. No matter how careful one is, or conservative, your number just might have come up for the random selection. This audit can be tamed by planning ahead.
   
An audit is merely a substantiation process. Your enterprise may have to prove your deductions.
  

   
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Aggressive tax planning is not for the timid, but here are some basic strategies you should consider.
   
There is no way "legally" to avoid paying taxes. But you can avoid paying too much:
  
Minimise your gross income
   
Turn everyday expenditure into deductions
    
Use special tax credit
  
Know your marginal rate
  
Take advantage of all your deductions
    

   
Online information from the Inland Revenue Visit the HM Treasury Website HM Customs and Excise