Everything You Need to Know About Tax Accountants, Tax Return Preparation, and Tax Planning

What are the roles of tax accountants?

Having a career in tax accounting is challenging because aside from being complex, laws concerning taxation often undergo changes that’s why a tax accountant should maintain familiarity with existing tax laws. These are the reasons why tax accountants should always ensure that their clients—may it be individuals or businesses—are complying with tax laws by means of filing their federal and income tax returns. There are also some tax accountants who are offering advices on how clients should plan their taxes to help them save money.

 

What do we need to know about tax return preparation?

There are basically two types of tax accountants: those who are self-employed and those who are working for financial/accounting firms. Both are specializing in assisting individuals and/or businesses with their tax return preparation. Tax accountants may schedule phone calls or meetings with their clients for them to assess the clients’ financials/tax concerns. During the meeting, tax accountants usually ask clients for some financial documents like paystubs, investment income statements, and others. Tax accountants ask for these documents because they are usually looking for tax deductions and credits for their clients. They also need to determine how much is the actual tax owed by their clients.

 

What do we need to know about tax planning?

Tax planning is important for businesses because almost all corporate business decisions are leading to tax ramifications. Everything should be planned well with a tax accountant because tax ramifications are complex in nature; companies that are doing international businesses usually experience more complexities. This is the main reason why the demand for tax planning professionals is growing, and why most accountants are choosing to specialize in tax planning services. In tax planning, the main objective of the tax accountant is minimizing income taxes by developing a practical strategy around the clients’ financial situations. Aside from internal tax accountants, there are some companies that are also hiring external tax accountants in developing long-term plans that can help the company save money in taxes over time.

 

Reach out to us if you need expert financial advices from a trusted tax consulting company in UAE. Our experienced tax accountants are prepared to assist you with all your tax return preparation and tax planning needs. Contact us today and let us help you save money by minimizing you income taxes.

We also offer VAT training in Dubai.

The importance of analyzing your competitor’s SEO attempts

Have all of your SEO endeavors failed to deliver the desired results? There may be two reasons behind your poor SEO performance. One, you might be doing your work in a wrong way; and the other, you might just be facing too much of a competition in your niche. In hard competitions, monitoring your SEO competitors’ success and failure will pave you a pathway to your success.

Identify Your SEO Competitors

This is the first step in analyzing your SEO competitors. You may have an offline business or an online business; you can make a list of your competitors by performing a Google search with your target keywords. After having this list, you can prioritize your work to compete with companies that are ranked higher and just equivalent to you. You can even hire a digital marketing agency in Dubai for this.

Analyze Your Competitors’ Sites

As you frame your list, the next move is to visit those sites and assess the content. Check how they are designed; check the quality, URL types-whether static or dynamic, etc. All of such information will give you an idea about what is making your competitors’ sites surge ahead of you.

Analyzing the Keywords

Keywords are the key in SEO success. Analyzing how your competitors use them to a great effect can help you succeed. You can check whether they are using your keywords or how different are they from your keywords. You can check with keyword density and their locations such as within the headings, image tags, metatags, the URLs, etc.  Upon these results, you can sharpen your own keywords and start optimizing your site for them!

Check Your Competitors’ Backlinks

Backlinks are the backbones of your SEO success. You can check with their origin, number, anchor text, etc. By doing this exercise you will get to know the strength of your competitors. If you find that your competitor has backlinks from some renowned sites, you can also request the webmaster to do a favor for you! There are some popular and free tools like Backlink Summary and Backlink Anchor Text Analysis.

Check Other SEO Factors

Apart from backlinks and keywords, you can check your competitors’ Page Ranks with Google and check how well they perform with sites like Bing and Yahoo.  Check the number of indexed pages your competitors’ sites have with search engines.

Analyze Your Competitors’ Presence On Social Media

Social media can drive good traffic to a site. Analyzing how well your competitors are doing on social media is a tough ask. However, you can check with social bookmarking sites and get to know about their posts as well as their popularity.  You can also hire one of the many digital marketing companies in Dubai to check with publicly available Twitter and Facebook profiles of your competitors, it might give you a fair idea of how they are performing on these social media networks.