Best Tax Submission Options You Need to Have Now

When it comes to taxation, most people need to stay tuned. Taxes are embedded in everything, even in food! Therefore, one of the concerns of those who live abroad or of those who need to send money into their account abroad is the taxation on the revenues received from abroad. And in this text we will clarify some doubts, as for example, if you receive money from foreign paid tax .
Receiving money from overseas paid tax?

No. If you pay taxes in the country of origin of your money, you will not have to pay again in the country where you are residing. If you receive cash from abroad and the amounts have not yet been taxed in the country of origin, you must pay taxes in the country where you reside. Double taxation is not a legal practice. The Tax agent Watson happens to be the best person for these sorts of works.

Do you need to open a bank account in Europe?

You can open your free bank account in 5 minutes and safely in the N26, a digital bank that works across Europe.

In case you live abroad, it is important that you declare the decision to the IRS and the responsible body where you live so that you do not pay new taxes in the country.

Here are some questions you might have if you need to know if you are paying foreign money.

Money laundry

All the money you receive needs to be declared to governments. According to the law, the values ​​can not be derived from dubious, illicit origin or are the result of illegal activities, such as drug and arms trafficking, for example.

It is worth noting that money laundering (or money laundering) is a crime and is legally combated.
Tax Attraction

Some countries, such as Portugal, offer incentives such as obtaining visas , for example, for retirees , for those who have the money to invest in the country, for those who are entrepreneurs , for those who own a property of a high value, and so on.

The Perfect Tax Option You Always Look For

Good organization of accounting routines is essential to accelerate internal processes and increase office productivity. With proper planning, it is possible to save a lot of time and use it for strategic areas such as customer service and advice and development of specific projects, such as prospecting for new companies.

As you know, accounting offices often have a hectic routine . There are many different clients, processes and tasks performed in a single day. So the tables are full of reminders, sketches with notes and checklists. A tremendous effort not to forget anything and end up getting lost in so much work. The Income tax Consultant Watson is the best person for this task.

Despite the immense amount of information, data and documents, some accounting firms are still hostage to paper. And so they waste a lot of time.

Where is a given document, was that email answered, what time was that meeting, when that client is going to send the requested information, how long does it take to close the month?

This attachment to paper and the lack of clear definition of accounting routines can hurt your business not only because of the time wasted, but also because of compromising errors that can result in the loss of a customer .

• So here are a few tips to help you better organize your accounting routine so you can save time to focus on what matters: health and growth of your business.

How to organize accounting routines

• Here's the step-by-step guide to organizing your office routines.

Make a departmentalization

Is your staff accustomed to an intense pace, which you consider natural for accounting offices, and is there not a clear division as to the activity of each employee? This is a very important clue that your office needs to organize the accounting routines.

In a medium-sized accounting firm, this process is natural, however for small offices, this departmentalization will make each employee responsible for one area, and the chances of confusion regarding the tasks will be less.

Best Tax Preperation Options for You

Errors in filing the Income Tax return may lead the taxpayer to fall into the fine mesh. Those who remain in this situation will have their tax refund retained until the situation is regularized.

Generally, the Internal Revenue Service retains the declaration because of divergences of information, errors in the filling or inconsistencies in the declared values.

Taxpayers who have already submitted the statement and have noticed that they have omitted any data or have posted incorrect information can do the rectification at any time, up to 5 years after the submission. For the best Taxation Return Preparation Watson you can have the best details available now.

Main care to avoid fine mesh

Include all taxable income received from all sources of pay, even if such income has not been taxed at source (wages, pensions, amounts received from private pension plans and rents), as well as income received by dependents of age) and that are within the annual exemption limit of R $ 28,559.70;

• Report only deductions from expenses supported by appropriate documents that prove the expense;

• Inform bank account balances correctly (balances above R $ 140) and do not allow third-party transactions in your account;

• State the true value of acquisitions and disposals (sales) of assets, mainly real estate;

• Always check that the change in equity for the year is compatible with the income received in the statement.

Common Errors and What Should Be Checked

See if the CPF and CNPJ number in the Annual Income Report is correct. If there is an error, notify the paying source to arrange for correction of DIRF's report and rectification;
Check that there are no differences between the amounts reported in the declaration and the values ​​of the Annual Income Report provided by the paying source. If there is a difference, please correct the declaration;
If the declared value is correct, contact the paying source to verify if there is a new Rectifier Annual Income Receipt, otherwise, wait for the Receita Federal subpoena;

See if your income statement tells you all the income received by you and all dependents listed in the statement, in both the full and simplified form.