Comprehensive Tax Evaluation ("CTE")
What is a Comprehensive Tax Evaluation?
Comprehensive Tax Evaluation (“CTE”) is a solution we developed as tax specialists with more than a decade of tax focused experience, for business owners and high net worth individuals.
YOU ARE ON THE GRID
Business owners and high net worth individuals often find themselves exposed to various types of tax and on various fronts (personal income tax, corporate income tax, dividends tax, value added tax, PAYE, provisional tax, trust income tax, transfer duty, transfer pricing, international tax, interest withholding tax, royalty withholding tax, capital gains tax, securities transfer tax, tax residency – the list goes on).If you find yourselves in this position, congratulations – you have earned the attention of respected tax specialist auditors from SARS.
TIME IS RUNNING OUT
Tax returns for individual taxpayers will be due soon and individual tax is an obvious and easy access point for the always vigilant SARS auditor. This begs the questions – are you really comfortable that your tax risks are mitigated across the board for this tax year? That you are not paying too little (or even worse, too much) tax for this tax year? That you are in a position to fend off a tax specialist from SARS – i.e. to fight fire with fire?
WHILE A CTE IS A BESPOKE SOLUTION THAT VARIES FROM CLIENT TO CLIENT
A Typical CTA consists of at least 3 Phases
The Scoping Phase
This is where we establish the extent of the evaluation required including tax types and taxpayers to be evaluated and is largely driven by where tax risk is most likely based on our experience. The scoping phase is usually completed through consultation with the relevant individual and his/her auditor/accountant/financial advisor/lawyer or other third party with knowledge of the applicable tax affairs.
The Evaluation Phase
In this phase we conduct the evaluation based on the agreed scope but which typically includes a review of relevant information such as financial statements, SARS records, tax computations, tax returns, contracts, schedules etc. We will typically engage with the taxpayer or the auditor/ accountant/financial advisor/lawyer to gain facts and understandings of relevant transactions.
The Reporting Phase
The reporting phase is where we report to the taxpayer/(s) or the taxpayer’s nominated person on tax risks identified, if at all, including the quantum thereof (where quantification is possible) as well as proposed solutions to mitigate tax risks and areas where further attention may be required, if indeed required. Our reports are treated as highly confidential, protected by legal professional privilege and we have no obligation to report our findings or recommendations to SARS or other regulating bodies.
Why Choose Us?
We are expert tax specialists with a vast amount of experience. Our experience and tax exclusive policy places us the forefront of tax law. If you have a tax problem/issue, chances are we have dealt it before and know how to handle it to your best advantage. We also offer assistance with SARS objections and appeals, as well as with the SARD Voluntary Disclosure Program.
Expert Tax Specialists
We do not do auditing, accounting or any type of work other than tax. We are truly specialised and indeed experts in the field of tax. If you need a true tax expert, we are the people to speak to.
Fast Turnaround
One of our main drivers is to be efficient. Our experience places us in a position to provide high quality deliverables and faster turnaround times.