Tax Consultancy

TFCCO (Accounting _ Tax _ Audit & Business Advisory ) provides expert advice and assistance to individuals, Companies, or organizations on matters related to taxation. we help people and companies understand, manage, and reduce their tax responsibilities legally and efficiently.

1. Tax Planning

We helps in the process of analyzing your financial situation or business plan to ensure that all elements work together to allow you to pay the lowest taxes possible.

Purpose:

  • Minimize tax liability legally.
  • Maximize savings and investments.
  • Ensure compliance with tax laws.
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2. Tax Compliance

We refers to obeying tax laws by filing tax returns and paying taxes on time as required by the government.

Purpose:

  • Avoid legal penalties or audits.
  • Maintain a good standing with tax authorities.
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3. Tax Declaration

Means the formal statement made by an individual or company to the tax authority, declaring income, expenses, assets, and liabilities for the purpose of determining tax liability.

  • VAT (Value Added Tax)
  • Payroll Taxes (PAYE & RSSB Contributions)
  • Income tax (CIT/PIT)
  • Withholding Taxes
  • Other Domestic taxes
  • Local Government Taxes & Fees

Purpose:

  • Provide accurate data for tax assessment.
  • Report all taxable income and relevant deductions.
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4. Automated Tax Update

We refers to the use of software systems that automatically update tax rates, rules, or calculations in real time or periodically based on changes in the law.

Purpose:

  • Ensure up-to-date compliance.
  • Reduce manual errors.
  • Save time for businesses and accountants.
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5. Payroll Tax

We help client for payroll tax where the employer withholds from an employee’s salary and pays on behalf of the employee (as well as their own contributions) to the government. It typically includes income tax, social security, and health insurance.

Types (varies by country):

  • Employee payroll tax (deducted from wages)
  • Employer payroll tax (paid by the employer)

Example:
In Rwanda, employers must withhold PAYE (Pay As You Earn) from employee wages and also pay contributions like RSSB (social security).

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