CPA & Chartered Accountant From India.
PH: 847 524 0001
Taxation represents one of the most significant variables in the financial planning for any business. We work in phases of the life cycle of a business in various industries including assisting in the selection of the type of entity to be used, preparing annual tax filings, and finding the best way to dispose of a business. Effective tax planning & compliance can make a profound difference in your company’s profitability and your personal net worth. SK Tax Associates offers in-depth tax knowledge to help you take control of your taxes and understand the options within the tax structure.
International taxation generally refers to the tax treatment of cross-national transactions. Since each nation has its own tax rules and the rules of one nation are rarely perfectly meshed with those of another, it is possible that income will be taxed more than once (sometimes referred to as double taxation) or that it will go untaxed by any jurisdiction. In principal, two methods of taxation have been distinguished for direct taxes such as personal and corporate income taxes: the territorial (or source) system of taxation and the worldwide (or residence) system. Under a pure source system, all income earned in a country is taxed by that country regardless of whether the earner is deemed to be foreign. A pure residence system taxes income regardless of where it was earned as long as the earner is deemed to be a resident of the country.
We Know Tax Game
A refund check might not be the only thing the IRS sends you after tax season, you could be receiving an IRS Audit letter. Audits take significant time away from your business and family, requiring you to gather mounds of records substantiating each and every item reported on your tax return and for you to develop a comprehensive understanding of tax law. We have the experience and knowledge to maximize the value you receive.