Due diligence – for professionals who do not want to take risks
What does the term involve? First of all, revealing the company’s taxation matters in details before an audit from the tax authority. Investors might find due diligence just as useful before a company take over, in as much as it provides them with all the necessary information (potential risks and actual benefits) necessary for sound decision making. Before striking such a deal, it is essential to reveal risky taxation areas, possibilities for saving and for income, and to amend possible faults in the books within the legal framework (self-revision)
What are the advantages of due diligence?
It might allow you to avoid penalties; extra procedural fees might be reduced or even forgotten.
It might bring into focus some more advantageous taxation solutions, thus reducing costs.
Due diligence before takeover might show the future owner the inherent taxation risks and business possibilities of the enterprise to be purchased.
The benefits of due diligence before an audit from the tax authority are obvious.
Admiral-Count Ltd offers the following due diligence services:
Comprehensive due diligence.
Year-end or mid-year due diligence before tax filing.
Due diligence of a particular area or process.
Due diligence of a particular tax type.
Management of the necessary documentation, declarations, compulsory registrations.
Preparation and management of self-revision, company representation at authorities.
