Prasad & Company LLP Offers Insights on the Benefits of Creating a Tax Planning Strategy

Prasad & Company LLP Offers Insights on the Benefits of Creating a Tax Planning Strategy

Thornhill, Ontario - 07/19/2021 — A Canadian firm Prasad & Company LLP with a professional working experience of 35 years has published a new article on some of the benefits of having a tax planning strategy. At the top of the strategy plan is the need to always stay updated with the ever-changing tax regulations. By staying update with the regulations, the company can help its clients come up with new tax opportunities and manage tax risks for its clients. 

While speaking about the importance of creating a tax planning strategy, one of the founders Igor Sorokin affirmed that their firm helps clients create a good tax plan based on these regulations. 

“Our goal is to assist our clients in becoming financially wealthy and successful. This requires us to have an in-depth understanding of Canadian, U.S., and international taxation, financial and management accounting and reporting, as well as wealth preservation and management. We also keep up-to-date with modern technology practices and use the latest devices and applications to provide our clients with ease and convenience that is secure.”

If you are a US citizen living in Canada or a Canadian who wants to work abroad, you can benefit from their cross-border tax services. They help clients comprehend and navigate cross-border tax policies which is essential. They can help you avoid the significant penalties for non-compliance by strategically and proactively managing both the corporate and the personal taxation requirements. 

American citizens living in Canada can easily file their tax returns to the US government through Prasad & Company LLP. They help clients in the preparation of Form 1040 individual income tax return and supporting schedules. They also assist clients to file Canadian tax returns and realize the full benefits of the US-Canada Income Tax Convention. Canadian citizens residing in the US can meet their income tax obligations by working with the firm to identify their residency status and other cross-border income tax filing requirements. 

Double taxation is often one of the challenges that most corporations face. By working with the company, a Canadian-owned corporation with operations in the US, UK, India, and Costa Rica can avoid this challenge by working with their team to prepare and file only the required tax returns. They carry out the required paperwork to ensure your firm fulfils its tax obligations. Through the Alliott Global Alliance, the firm also offers a number of comprehensive capabilities to nurture the cross-border business relationships for businesses in the UK, India, Costa Rica and other countries. 

Please visit their website for more information   https://www.prasadcpa.com/ 

About 

Prasad & Company LLP is headquartered in Thornhill, Ontario with a satellite office in Vancouver, B.C. Our company has over 35 years of experience handling cross-border tax planning, preparation, and compliance. Our team of experts has developed an exceptional track record of success with corporations and other individuals with their tax returns. We help design robust tax solutions that are aligned with the strategic priorities, conditions, and financial objectives of our clients. As a company we are committed and ready to provide customized strategies to maximize the tax efficiency of our clients and ensure they are compliant with the changing tax landscapes. To know more about our services visit the website and send us a message. 


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Website: https://www.prasadcpa.com/