Question

What aspects are included in tax management. explain in brief?

Answer 1

Trumans taxation services include: Taxation planning, to project income and tax liabilities, meet compliance requirements, and minimise tax obligations. Advice on the most appropriate structure for a business. Detailed advice on income tax, GST, capital gains, land tax, fringe benefits tax and payroll tax.

Answer 2

The occupation of the tax payer in the pay as you earn system of taxation matters a lot. this is because the occupation dictates the salary to be paid therefore matters in tax management. The value of the item matters while managing the Value added tax systems since the higher the value the higher the tax collected from a particular item.