PFA & Chartered Accountants advises businesses on taxation

PFA & Chartered Accountants houses a professional team that performs accounting work according to client needs. Accounting services from PFA & Chartered Accountants include prompt preparation of interim and annual financial statements; preparation of statutory accounts; maintenance of computerised accounting records; maintaining salary records and attending to year end reconciliations; and preparation of debtors statements, budgeting and cash flow forecasting.

The audit business also offers taxation consulting and compliance services. Tax planning is essential to improve the cash flow of any business. The accounting services firm suggests that interim financial statements will help to determine the tax liabilities and implement effective strategies.

Tax planning strategies of the audit business include selecting the most appropriate business structure, such as company, partnership and trust; timing of transactions so as to defer a liability or bring forward a benefit; transfer of losses between units within the same group to minimise overall taxation; and the use of superannuation funds to significantly reduce the overall average tax rate. The strategies also include establishment of tax effective financing structures and effective remuneration structures. PFA & Chartered Accountants has specialization in capital gains tax, GST particularly in respect of property, superannuation and business restructuring.