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Tax and Accounting Compliance

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Tax and Accounting Compliance

Compliance is a very complex and sophisticated area. Astute Partners believe that in order to make meaningful business decisions you need to have the right systems.

Astute Partners is an advocate for using the latest technology however it understands that technology should only be used as a value-add to assist business owners to make decisions.

Compliance is also very technology driven and Astute Partners is at the forefront.

Knowledge is also the key in compliance and Astute Partners has invested heavily in Tax & Accounting Compliance knowledge.

WE HELP YOU FOCUS

Why should you be stacked in administration and accounting work. We take the burden off your shoulder’s and help you focus on what really matters to get your business growing.

 

With our archiving capacities and constant education of our staff, monitoring ever changing regulations and global finance requirements we are sure we can be a valuable ally in your expansion.

TAX REDUCTION RELATED TO COSTS

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GROWTH IS YOUR FRIEND

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MANAGING YOUR FINANCES

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).

TAXES AND EXPENSES

Tax accounting

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

INVESTMENT AND RETURN

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 the United States and Europe in the late nineteenth and early twentieth century, and through several mergers there were large international accounting firms by the mid-twentieth century. Further large mergers in the late twentieth century led to the dominance by the auditing market by the Big Five accounting firms: Arthur Andersen, Deloitte, Ernst & Young, KPMG and PricewaterhouseCoopers. The demise of Arthur Andersen following the Enron scandal reduced the Big Five to the Big Four.