What the new tax law requires is proper documentation, honesty and transparency:
-Make sure all transactions comes with narration (exactly what the transaction is)
-Create a Google drive account and take screenshots of every transaction and upload there.
-If you offer professional services and consultancy, your clients pays VAT, which exempt your company from paying tax
-If you want to avert tax, you can route all your transactions through an offshore account. Need more information on this, comment below.
-The state and federal tax authorities has no right to deduct money from your account until due process of invitation for tax clarity and proper filing is conducted.
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What the new tax law requires is proper documentation, honesty and transparency:
-Make sure all transactions comes with narration (exactly what the transaction is)
-Create a Google drive account and take screenshots of every transaction and upload there.
-If you offer professional services and consultancy, your clients pays VAT, which exempt your company from paying tax
-If you want to avert tax, you can route all your transactions through an offshore account. Need more information on this, comment below.
-The state and federal tax authorities has no right to deduct money from your account until due process of invitation for tax clarity and proper filing is conducted.