A 4-key Preparation Checklist for Taiwan Tax Services!

Filing the taxes on the first day or at the last minute- which one is you? Well, it doesn’t matter at all in Taiwan Tax Services! But what matters is the preparations before filing your business tax within the deadline. Of course, you may already have an experienced tax accountant to handle your tax preparations.

But most small business owners think that here their job is over. Not at all! It’s a MUST to pay attention to the tax checklist that you often skip!
Especially if you pay tax at the last minute, it’s the best way to keep a check on everything. Here’s HOW!

Taiwan Tax Service

What to include in the tax preparation checklist

For some, a checklist doesn’t require tax preparation when you have the experts. But the fact is that it helps you keep things accurate and arranged, like tax deductions. You may not prefer to miss it out! Right?
Now, check what you need to include in the checklist:

Understanding the tax form!

Well, it depends on your business entity that you have to confirm first with your tax accountants. For example, Are you a sole proprietor, or do you have partners in your company share? The standard forms and tax rates differ from one another.

Determine the deadline of tax filing

Once you have got the standard tax form, it’s time to focus on the deadline. Depending on the business structure, the tax filing and returns can be different. Yet, you have to mention that in your checklist as a reminder!

Make a list of the records you need to collect!

Tax preparations require a few vital documents to show whether doing it alone or asking experts. Mention the following essentials in your checklist to keep in mind:
•    ID number of the taxpayer
•    Balance sheet
•    Current income statement
•    Payroll statement
•    Credit card details
•    Last year’s records of business tax returns

List the areas you can expect Tax deductions

Who else doesn’t want to lower the tax liability! You may not be an exception, indeed. Make a list of the tax credits where you may qualify, like:

•    Employer health insurance
•    Travel deduction
•    Home office deduction and more

Stay in touch with a renowned tax firm!

APAC Taxation Group is a one-stop destination to get preparation and filing guidance for Taiwan Tax Services. Their team of Certified Public Accountants (CPA) has extensive knowledge of Taiwan tax laws. Visit their website for more details!

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