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Tax consulting

Today’s global tax landscape requires companies to adapt rapidly to an ever-evolving environment. From effectively structuring your investments in other countries to managing the taxes that your business pays on a global level – companies are navigating a complex tax landscape and need to strategically balance their priorities. This means keeping up and complying with transitional domestic and international regulations and legislation. Comprehending the tax implications and creating a strategy to manage this is essential. Azola’ specialist tax advice and solutions can help you enhance tax savings and avoid risks.

TAX CONSULTING

We view tax planning from a forward-looking perspective.

How can we help you minimize your exposure and protect your assets? What strategies will enable you to grow your business and reach your goals?  What are the better, smarter solutions?

We view tax planning from a forward-looking perspective.

Varying state and municipal tax laws can complicate business. We are very experienced and knowledgeable in multi-state sales, use, income and excise tax filings.

At AZOLA, we’re more than a tax consultant. We provide deep, practical expertise, driving curiosity, and a true collaboration focused on your real needs.

BUSINESS TAX

At AZOLA, our goal is to help you use what you earn to keep your business growing and prospering because Your business is your life.

We provide you with a unique perspective, shoulder-to-shoulder collaboration, and a deep expertise in business tax planning and compliance. We partner closely with you to get to know your goals and objectives and develop creative ideas and comprehensive strategies to meet them.

Our team is constantly on the search for new and smarter solutions, because professional curiosity is embedded deep in our DNA. We maintain and adjust this plan through continuous communication.

TAX PROVISION

For many public and privately held companies, computing the tax provision on a quarterly and annual basis is labor-intensive. The computations of tax accruals are complex, and disclosures can be onerous. Without the proper skill set, the process can be overwhelming and can have an adverse effect on your financial statements.

At AZOLA, we work closely with you to develop a comprehensive approach to determining your company’s tax provision. We offer an expert perspective, sound solutions, and creative ideas to help you meet your obligations.

Some of the services we typically provide include:

  • Valuation allowance assessment and analysis
  • Assessment of the impact of tax law changes
  • Tax accounting for business combinations
  • Interim reporting
  • Intra-period allocations
  • Assessment of discrete tax items
  • Review of internally prepared tax provision to meet Sarbanes-Oxley requirements

COST SEGREGATION STUDIES

Cost segregation can be a useful tool in helping commercial real estate owners to reduce current income tax obligations, as well as free up capital for investments or operating expenses. Our experienced professionals know the right questions to ask to help you take advantage of any potential tax savings. Have you properly classified indirect construction costs and exterior land improvements?  Are you taking advantage of all opportunities to shorten depreciation times?

By providing a present value estimate, our tax experts can help you identify ways to reclassify personal property assets and minimize your current tax burden, while improving cash flow. This can be particularly beneficial for a wide range of property owners, including:

 

  • Retail, office, and residential buildings
  • Distribution centers and warehouses
  • Healthcare and nursing home facilities
  • Hotels, marinas, and resorts
  • Industrial, manufacturing, and processing facilities

RESEARCH & DEV TAX CREDITS

The Research & Development tax credit can be an important tool for maximizing the value of companies in a variety of industries, including high technology, software, manufacturing and service firms.

AZOLA’s experienced team can help you determine if your business is qualified to take advantage of this tax break. If so, we can conduct a feasibility study to estimate the maximum value you can expect to gain, and help you determine whether the cost/benefit is advantageous for you to do so.

Because we’re more than a tax consultant, we provide deep, practical expertise, driving curiosity, and a true shoulder-to-shoulder collaboration focused on your real needs.

INTERNATIONAL TAX

Operating across borders brings opportunities as well as challenges. There are a range of sophisticated tax issues related to compensation, business activities, and investments. At AZOLA, we provide you with the long-range perspective, shoulder-to-shoulder collaboration, and deep expertise in international tax planning and compliance.

 

We partner closely with clients to develop creative ideas and customized strategies to minimize taxes and maximize profits. In addition to our comprehensive knowledge in this area, we also have access to a global network of technical expertise and best practices through our affiliations.

TAX REDUCTION RELATED TO COSTS

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GROWTH IS YOUR FRIEND

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Managing accounting

Management accounting focuses on the measurement, analysis and reporting of information that can help managers in making decisions to fulfil the goals of an organization. In management accounting, internal measures and reports are based on cost-benefit analysis, and are not required to follow the generally accepted accounting principle (GAAP).

Tax accounting

Tax accounting in the Southern Africa concentrates on the preparation, analysis and presentation of tax payments and tax returns. The South African tax system requires the use of specialized accounting principles for tax purposes which can differ from the generally accepted accounting principles (GAAP) for financial reporting.[36] South African tax law covers four basic forms of business ownership: sole proprietorship, partnership, corporation, and limited liability company.

Accounting firms

Depending on its size, a company may be legally required to have their financial statements audited by a qualified auditor, and audits are usually carried out by accounting firms.

Accounting firms grew in Southern Africa in the late nineteenth and early twentieth century, and through several mergers there were large international accounting firms by the mid-twentieth century.