Many clients ask us for reducing their tax liability in some way or the other. Clients see short term tax savings as benefits but that can ruin their business profile in a longer run if not managed properly.

We always emphasize clients on building their Business Profile with optimized tax savings rather than using short term tactics for reducing tax liability, which can surely help them in long term!

Building a strong business profile is important and helpful in many ways.

For example, your business is doing great, now you want to expand your business and require a business loan. The first thing Bank will demand is your Last 3 years’ Tax Returns. They will check how your business is doing, how much your turnover is. If for saving taxes, you haven’t disclosed your actual turnover in tax returns than the bank may hesitate to grant you the required loan amount. That time you will realize the value of building a good business profile!

Why building your business tax profile is important?

• To avail bank credit facilities for growing your business (Most Important);
• To avail personal loans based on your business (For Sole Proprietor & Partnership Firms);
• Get easy loan sanctions;
• To become eligible for various Government Schemes/Contracts;
• Decreasing the risk of non-compliance penalty & proceedings.

All financing companies likes to finance a business which gives them surety of repayment of debt. If your tax returns depicts some other story, they will hesitate to finance you!

What we do is, we help our clients build their business profile in such a way which helps them in long term! We advise our clients in tax savings but not at the cost of their business profile. Tax saving should be optimum, but shall also build a strong business profile, which in turn helps clients in future endeavours of expanding business, obtaining easy bank credits, etc.

So, Choose wisely:

• Do you want to save tax only?
• Or do you want to build a strong business profile alongwith optimum tax savings which will surely benefit you in longer run!

Get a free consultation on how to build your business profile!