AUDITS AND TAX REVIEWS

The aim of tax audit is to identify threats and areas of risk in the scope of the applied tax strategy. Tax audit also allows to identify possible savings and to outline further directions of a client’s tax policy.

Tax audit offered by FSG Taxes consists in:

  • verification of the legal status of the company from the point of view of its impact on taxation,
  • analysis and review of the company’s accounting records and agreements which are regulating cooperation with suppliers and customers,
  • interviews conducted with the client’s employees,
  • review of financial statements, accounting books (account records) and the results of the examination of financial statements conducted by an auditor.

Tax audit is carried out by experienced tax advisors and expert auditors. In case of any irregularities related to tax settlements, the Client receives solutions which eliminate threats or minimize risks. Assessment is conducted with the use of probability and non-probability sampling and analytical reviews of data resulting from the accounting records. On Client request, full assessment is carried out.

Depending on the Client’s needs we are able to conduct:

  • tax audit which will involve all tax settlements for a given period of time,
  • issue audit – concerning only certain tax or issue.

The scope of a tax audit may include:

  • VAT,
  • corporate income tax,
  • private income tax in the scope of employer obligations,
  • excise tax,
  • local fees and taxes,
  • other specific operations or business actions defined by the client.

Tax audit results in a report which contains:

  • assessment of tax treatment applied by the client in terms of verified business operations,
  • indication of tax risks and threats,
  • recommendations which will show proper solutions for minimization and elimination of identified risks.

Evaluation of the effectiveness of selected tax solutions:

It is essential to select appropriate structure of operations depending on the specific situation. We deal with the following issues:

  • trade of shares and stock,
  • property valuation,
  • earnings retained from the process of transforming a company into a partnership,
  • transactions involving “entering” and “exiting” of shareholders from the company,
  • transfer of company assets to shareholders private property,
  • transactions between capital group companies,
  • planning the structure of cross-border tax groups,
  • processes of ownership transformation.