NOKAAF Auditors (Member Firm DAXIN Global)’s Post

Quarterly tax planning is essential for avoiding financial surprises and ensuring smooth business operations. By proactively reviewing your tax obligations every quarter, you can prevent unexpected tax bills that disrupt your cash flow. Regular planning also helps spread out tax payments, making them more manageable and less stressful. Most importantly, staying on top of quarterly tax planning ensures compliance with all relevant deadlines, reducing the risk of penalties and fines. So what are you waiting for? Schedule your quarterly tax plan now with NOKAAF Auditors. Book Now: ☎: +971 52 7646955 📩: info@nokaaf.com #NOKAAF #DAXINGlobal #NOKAAFAuditors #BusinessAudit #QuarterlyTaxPlanning #TaxCompliance #CashFlowManagement #BusinessFinance

The OICCI has proposed a comprehensive tax reform package to help the Ministry of Finance unlock Rs 3-4 trillion in untapped revenue. These proposals aim to expand the taxpayer base from the current 3-4% to double digits, drawing inspiration from successful strategies in regional economies. Covering six strategic areas, the reforms are designed to ensure proportionate tax contributions, tap into new sectors, and enhance the efficiency of tax administration. To read the complete report, visit the following link: https://lnkd.in/dd-GhvpS #EconomicGrowth #TaxReform #OICCIInitiative #TaxationProposals

The New Tax Bill 2024, introduced by Finance Minister Muhammad Aurangzeb, was presented in the National Assembly. The bill proposes . . . Read More! https://lnkd.in/gTs_DNfe . #InsightPakistan #MuhammadAurangzeb #TaxBill2024 #FinanceReforms #TaxCompliance #EconomicPolicy #TaxLaws #FBRUpdates #SmallBusinessTax #LegislationUpdate

IMF Approves Tax Exemptions for PIA Privatization, Boosts Bidding Value IMF Approves Tax Exemptions for PIA Privatization, significantly boosting its bidding value and clearing hurdles for a successful sale. This move addresses several demands from stakeholders and aims to streamline the privatization process. Read the full article here: https://lnkd.in/gVKiekzm #IMFApproval #PIAPrivatization #TaxExemptions #BiddingValueBoost #PakistanEconomy #PrivatizationProcess #EconomicReforms #PIAReform #IMFSupport #StakeholderDemands #PakistanAirlines #GovernmentPolicy #EconomicGrowth #PIASale #PakistanBusiness #FinancialBoost #EconomicMilestone #PrivatizationSuccess #PakistanNews #GenuineGaze

The Income Tax department has introduced a new feature in the Annual Information Statement (AIS) to help taxpayers track the confirmation process of their financial information, bridging the previous transparency gap regarding the accuracy and acceptance of reported information. Mr. Rajarshi Dasgupta, Executive Director - Tax, AQUILAW, explained in Business Standard that the system shows if taxpayer feedback has been acted upon and whether it has been accepted or rejected, requiring corrections from the source if accepted. Follow the link to read more: https://lnkd.in/d__ArDEX #IncomeTax #AIS #TaxTransparency #FinancialTracking #TaxpayerInfo #AQUILAW #BusinessStandard #TaxUpdate #FinancialAccuracy #TaxFeedback

The Federation of Nepalese Chamber of Commerce and Industry has proposed that there should be provisions for tax exemptions in various sectors in the upcoming budget. The federation has made this demand in the pre-budget interaction program for the next fiscal year 2081/82. https://lnkd.in/dPCrHyxa #ICTFRAME #NepalBudget2021 #TaxExemptions #FNCCI #EconomicGrowth #NepalManufacturing #TourismIncentives #ITIndustry #EnergyDiscounts #InvestmentInNepal #FiscalPolicy

Tired of the stress and confusion that comes with tax filing? Missed deadlines, overlooked deductions, or costly penalties can put your business at risk. NOKAAF simplifies the entire process, ensuring accurate tax filings, compliance with regulations, and maximum savings. Feel free to reach out to us at: ☎: +971 52 7646955 📩: info@nokaaf.com #NOKAAF #DAXINGlobal #NOKAAFAuditors #TaxFiling #BusinessCompliance #FinancialSolutions #TaxSupport

Has the IRS changed its focus on auditing high-income taxpayers? The Treasury Inspector General for Tax Administration (TIGTA) recently looked. In 2020, the U.S. Treasury set a goal to audit at least 8% of individual returns filed each year with incomes exceeding $10 million. The IRS later modified that approach, stating that most of those audits resulted in no change. TIGTA’s report found that this was true for the Large Business and International Division. But for the Small Business / Self-Employed Division, high-income audits were more productive, yielding additional tax of about $574 million over six years, an average of $124,389 per return. Here’s TIGTA’s report: https://bit.ly/3RPbqr3 #IRS #TaxAudit #HighIncome #TIGTA #TaxUpdates

Has the IRS changed its focus on auditing high-income taxpayers? The Treasury Inspector General for Tax Administration (TIGTA) recently looked. In 2020, the U.S. Treasury set a goal to audit at least 8% of individual returns filed each year with incomes exceeding $10 million. The IRS later modified that approach, stating that most of those audits resulted in no change. TIGTA’s report found that this was true for the Large Business and International Division. But for the Small Business / Self-Employed Division, high-income audits were more productive, yielding additional tax of about $574 million over six years, an average of $124,389 per return. Here’s TIGTA’s report: https://bit.ly/3RPbqr3 #IRS #TaxAudit #HighIncome #TIGTA #TaxUpdates