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TAX CONSULTANCY: IDENTIFYING THE GAP RESULTING IN TAX LIABILITY

TAX CONSULTANCY: IDENTIFYING THE GAP RESULTING IN TAX LIABILITY

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CPV STORIES

After receiving absolutely incorrect tax advice from an external tax adviser, a customer decided to come for tax consultancy to CPV Audit.


During the preparation of client's financial statements we found the problem and informed the client about the issue of one transaction that generated significant tax liability. Fortunately, we found that this transaction was not finalized until the moment of preparing management accounts.  The client was taken aback by this fact and immediately transferred the company to our office to handle all tax and accounting concerns.  Therefore, the client didn't finalize the transaction what resulted in a 150.000 Euro tax savings. Relying to our recommendation for carrying out a specific transaction, the client rerooted the transaction in order to minimize tax liability in the end.
TAX CONSULTANCY: IDENTIFYING THE GAP RESULTING IN TAX LIABILITY
If you are encountered in a situation similar to the one described above, CPV Audit suggests you immediately contact tax professionals for proper consultation before proceeding with the high value transaction.

HOW WE HELPED

When the client presented his case to us, our team of tax professionals analyzed the financial statements in order to identify the gap that results in the significant tax liability.


Following that, our team assisted a client by providing adequate legal consultancy and assistance in the proper tax planning.
TAX CONSULTANCY: IDENTIFYING THE GAP RESULTING IN TAX LIABILITY

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