Income Tax Services
Leaders in Income Tax, Corporate Tax, Business Tax, and Personal Tax
Income Tax Return
Income Tax applies to everyone earning a living. It is applicable to individuals, corporations, small enterprises and even large conglomerates. It is not only essential but mandatory to keep track of all the records to ensure a smooth and easy tax payment filing. Government keeps a vigilant eye on individuals, corporations and businesses that tend to cheat or damage the income tax payments. The penalties of non-payment are high and even lead to imprisonment.
Rasheed Law Firm is the leading Income Tax Firm that comprises of income tax consultants, chartered accountants, and income tax lawyers. Rasheed Law firm comprises of retired judges of the tribunal courts and also the ex chairman of the Income Tax Court. Our firm has over 60 years of experience in assisting companies, individuals and small enterprise business owners to understand, pay, and also get income tax refunds.
Sales Tax is applicable to a variety of different product and service offerings. It is essential to know and govern the right sales methodology for your businesses. For example, we have a tier one distributor and the sales tax brackets, rules and laws keep on changing. Hence, our consultancy has assisted and assured him of proper and professional assistance through-out each fiscal year.
Corporations typically have a variety of different requirements in terms of corporate taxation. Corporate Income tax is detrimental for any audit requirements or any type of legal requirements ordained by the income tax division. Many corporations need to know the importance and integrity of corporate tax and how it applies to the relevant businesses.
Tax Accounting is a specialized field and requires expertise analysis to engage, diagnose and properly maintain tax accounting records. Many of our customers use us as tax accountants and consultants. We provide tax accounting legal advise.
Income Tax For Business
Income Tax for business requires an extensive understanding of that particular business vertical, payment dimensions, service offerings, payment methodologies and the tax ordinance laws associated with that particular business model. Many of the businesses struggle with small business tax implications or large business tax laws that were not known by the management team.
Income Tax Lawyers
Income Tax Lawyers are required to fight any income tax penalties, disputes and charges against the business, individual or other communities such as government agencies. When you are battling an income tax case, we highly recommend taking into account law advise from leading income tax lawyers. The inputs, suggestions and advise will pave ground for a successful closure of the case.
Income Tax Returns
Each year the law for income tax, income tax brackets and ordinances change to create a new income tax return filing for individuals and businesses. It is not easy to cope, comprehend and keep up to mark with the changes in the income tax department, hence the need for an income tax law firm to join in and assist you in your income Tax Return filing. Our income tax returns manual and online tax return filing of all your businesses and personal taxation statements.
Income Tax Consultancy
Income Tax Consultancy is a focused, committed and dedicated service to the community to provide a detailed analysis of the income tax issues that tend to create havoc and issues on the financial records. Our Income Tax Consultants comprises of the top chartered accountants, income tax consultants and income tax law experts in the nation.
This section is dedicated to the questions our customers and clients ask us. Let us share our knowledge with you!
Question: How is my income tax calculated?
Answer: This depends on your business and income activities. Majority of people are employed and the total salary they make is eligible for a certain deduction based upon the salary bracket grouping. However, if you have additional income then the total amount of incomes are added and the income tax bracket changes. In addition to the additional income, you might already be paying taxes in the form of taxes on the telephone bill payment, new car purchase and also tax on certain commodity goods. These all parameters can be deducted from the main income tax bracket. However, for a best case study, visit us and let us guide you.
Question: How to calculate a federal income tax refund?
Answer: A federal income tax refund is applicable based upon a certain criteria set. And the criteria set depends upon your particular business line, cash flows and in the operation costs. For example, the federal income tax refund for a service company would be different for a software company versus a manufacturing plant. It is highly recommended to get consulted before even calculating and applying for a federal income tax refund.
Question: Do you use any professional tax software to calculate returns?
Answer: Yes, our entire legal and corporate teams have the most sophisticated online and professional tax software in the market. In fact, all returns are also checked by accountants to validate and authenticate the income tax returns from the professional software.