BMS Auditing offers expert withholding tax services, including accurate tax calculations, filing, documentation, and compliance support. Stay tax-compliant and avoid penalties.
The BMS Auditing tax team readily handles the complicated process of withholding tax calculation and ensures businesses and entities adhere to local and international tax laws. A withholding tax is integral to any tax system as it enables governments to raise revenues all year through the limitation of tax evasion. Our team of tax experts delivers accurate, efficient, and compliant withholding tax services as you desire.
What We Offer:
We help our clients determine the correct withholding tax rates for different kinds of payments, ensuring timely and accurate submission to tax authorities. Managing withholding tax compliance is quite a complex process and our team supports you in its effective handling with:
1. Correct Tax Calculation
We calculate the withholding tax on several types of payments, which include:
- Dividends: Dividends from local companies are withheld at 20%.
- Royalties: Generally, royalties are not subject to withholding tax.
- Technical Services: Technical services are withheld at 10%.
- Other Services: Other services are withheld at 10%.
- Individuals: Individuals are taxed at 30% depending on their income.
- Businesses: Businesses are taxed at 40% of their profit.
2.Withholding Tax Management
We walk you through the entire withholding tax process, ensuring that you document the right amounts from relevant transactions and avoid over or under-withholding.
3. Filing & Documentation
Our experts assist in preparing the necessary forms and submitting them to the relevant tax authorities on time. We ensure that all records and statements are properly maintained for compliance and audit purposes.
4. W-4 Form Help
As an employee or employer, we assist you with filling out the W-4 Form, determining how much federal and state tax your employer withholds from your paycheck. We also keep track of changes needed to your W-4 as your circumstances change.
5. Tax Planning & Optimization
We assist businesses and individuals in optimizing withholding tax strategy to minimize overall tax liabilities and increase cash flow.
Why choose BMS Auditing?
- Expertise: The team is highly experienced in withholding tax regulations and calculations.
- Customized solutions: We offer customized services to the needs of a business and individual so that it gets in compliance with applicable tax rates and other laws.
- Timely filing: We ensure that all the tax filings that are submitted on time so as to avoid penalties on account of late submissions.
- Updated financial records: We help you maintain precise records for audit purposes and compliance with the retention periods.
Contact Us
BMS Auditing significantly eases your withholding tax processes. We guarantee that business or personal tax affairs remain compliant with the regulations in respect of withholding tax.
Looking for a dependable tax advisor? BMS Auditing has your back, call us today!
