Archive for the ‘International Tax Specialists’ Category

Access Tax Cloud Software To File The Returns

For a business and enterprises, tax filing for the company is very important. An appropriate tax return is important to make a company successful and smoothly functional. Over the years, tax management was operated by accountants and professionals who was done manual. The manual process of tax filing was lengthy and time consuming. The paper based task of the company tax filing returns were done by the professionals which might get delayed due to the extreme work load. To avoid such extreme tax filing work, software solutions are the best products to consider. When a company embraces software for tax filing, then it is better to get tax preparation done by the software itself. Tax applications are a great method to reduce the complexities of the taxation. The software for the tax filing has all the features that makes taxation easier and flawlessly files the return for any number of times. Once the application license is purchased, users can file the tax returns for any number of times in a financial year.

Tax software solution:

Tax software solution is an easy application and simpler to understand while it may seem little difficult to know the process of the tax software for lesser knowledged users. For all less knowledged users, it is easy to install the free software which is available online for 30 days. The 30 day trial software application is easy to install on any device because tax software applications are designed in simple languages. The simple and easy applications are compatible software with any system hence can be installed on any device. Apart from the 30 day trial, users have other methods like webinars and tutorials which make users very familiar with tax products. Once the tax applications are understood by the users, the process of tax filing becomes proficient. Users can choose any form from the product to file the tax returns for federal, local or state returns. Most of the tax forms are available in the software package which means users have flexibility to select a required form and make the tax return processed. Tax software applications can integrate with any application to make data processing done. Based on user defined source, the application can integrate with any software and make the application processed. Tax cloud software can be hosted on web servers while multiple users to collaborate on the real time system from anywhere anytime while desktop hosting is on premise hosting on local servers which users can share in-house.

Tax cloud software is online hosted software of the tax application which is accessible by the authorized users only. All users with a secure login can access the application on cloud and work in sync with other users to prepare the file returns. Desktop hosting is secure on premise solution which means users can collaborate on the real time system. Tax cloud software is web accessible to users on mobile to get instant updates on tax returns. Hosting providers manage cloud services online at cost effective rates with backups and support.

Posted on August 11th, 2023 by  |  No Comments »

Transference Of An Eu Registered Company To Bulgaria}

Submitted by: Nelli Tascheva

The transference of an EU-registered companys main office to another EU member state, respectively Bulgaria, is possible under the following conditions:

– The company has been registered in accordance with the provisions of Council Regulation (EC) No 2157/2001 of 8th October 2001 on the Statute for a European Company (SE);

– Pursuant to Art. 8 of this Regulation, the registered office of the SE in accordance with its act of formation can be transferred to another Member State;

– The Bulgarian legislation, in conformity with the European law , allows the transference of the registered office of an EU-seated company to Bulgaria on the following conditions and upon submission of the respective documents as listed in Regulation ? 1 on the management, supervision and access to the Commercial Register.

In the event of transference of a European companys registered office from another member state to Bulgaria in accordance with Art. 8 of Council Regulation (EC) No 2157/2001 the application for registration with the Commercial Register must be submitted along with the following documents :

1. A Document proving the existence of the European company and certifying its actual legal standing, issued by the competent organ from its past place of business.

2. The Proposal of the Executive Body for transference of the registered office.

3. A Report by the Executive Body concerning the transference of the registered office.

4. A Resolution of the General Meeting of Shareholders concerning the transference of the registered office.

5.A Certificate pursuant to Art.8, para.8 of Council Regulation (EC) No 2157/2001.

6. A Statute for a European company (SE)

7. A Specimen of the signatures of the persons authorized to represent the company in accordance with Art. 235, para.3 of the Commerce Act.

8. A License or Permit for conducting a specific business activity in accordance with the effective Bulgarian law.

9. Other documents required by the Bulgarian law.

-Please note, that the Bulgarian legislation provides an opportunity for transference of the registered office only of a European company (SE) and of a European Cooperative Company, whose legal form is settled in Council Regulation (EC) ? 1435/2003. Regarding all other cases, there remains the possibility of setting up of a subsidiary of a foreign business entity in Bulgaria, succession by way of a merger, as well as establishing a new company with a registered address in Bulgaria pursuant the Bulgarian legislation.

Tascheva and Partner is a leading multi-disciplinary law partnership and a tax consultancy practice providing expertise in all areas of civil and commercial law to a client base of leading domestic and international companies and private individuals. Additionally the firm offers dispute resolution services and, if required, litigation before the Bulgarian courts. The firm was established in 1990 by attorneys Nelli Tascheva and Svetoslav Dimitrov to serve the needs of foreign and domestic investors and private individuals seeking an exceptionally high level of personal attention and client service.

In 2004, the firm created a specialized tax advice and accountancy department to compliment the firms core legal practice. Tascheva & Partner now offers a comprehensive service to its clients assisting on all legal and tax requirements as well as the economic and financial aspects of their business.

About the Author: Nelli Tascheva is a Managing Partner of Tascheva and Partner (

). Her role is wide-ranging and in addition to her client work, she has particular responsibility for the partnership’s reputation and values.Nelli’s clients


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Posted on July 31st, 2023 by  |  No Comments »

How You Can Increase Your Tax Refund In Tracy Ca


A Tax Refund Tracy CA can put a smile on your face by giving you a little extra money to spend or allow you to save up or catch up on debt. Everybody loves getting a check in the mail, but few know how to increase the money they get as a tax refund each year. One of the ways with which you can increase our tax refund if you are employed on a full time basis is to reduce the number of exemptions on your tax form so as to increase the amount of your income withheld in taxes during each payday. This will allow you to collect a bigger tax refund at the end of the year. Another way to reduce your tax bill is to donate to charitable organizations so as to increase the amount of tax deductions on your income.

If you are required to purchase a piece of equipment for your job from your personal income, you can claim a tax refund provided the company does not reimburse you the money you spent. For instance, if you use your personal mobile phone for work-related reasons, you can have the work-related phone expenses deducted as part of your income tax so as to increase the tax deductions on your income.

The same is also true for of any professional dues you incur such as paying a fee to join a worker’s union or professional organization. Another brilliant way to increase your Tax Refund Tracy CA is to review your filing status. If you get divorced or lose your spouse, that will effectively change your status filing and make you eligible for a significant amount as a tax refund. Any change in your status as the head of your household or as a single individual should also be reported to a professional accountant.

By deducting familial obligations such as alimony and expenses on a dependent child, you can increase the amount deducted from your income and therefore increase your tax refund.

Posted on August 13th, 2022 by  |  No Comments »

The Lowdown On Mf Schemes


Big incomes and yet a burned hole in the pocket at the end of the day…, Does that describe you accurately? If so then mutual funds would suit you to a T.

After all, what other investment option allows you to keep your money relatively safe while assuring you healthy returns? Attractive!

So what is a mutual fund?

Simply put, a mutul fund is a trust that pools together the money of different investors and invests them in various money market investments. It is managed by a professional fund manager who trades(buys and sells) in accordance with the investment strategy or objective. The incomes or gains realized from trading are then distributed back to the investors in proportion to their original investments into the fund.

With regard to returns disribution, Mutual funds usually offer three different options to investors to choose from.

* Dividend Payout,* Dividend Re-investment, and the* Growth option.

An propspective investor must choose carefully which options suits him or her best.

Growth or dividend?

The dividend option enables you to partially cash in on the returns earned by the fund from time to time through the dividends that it declares, whereas the returns in growth option are retained in the MF and reflect as an appreciation in the fund’s Net Asset Value (NAV). However, the dividend does not in any way add to your returns from the fund though it presents a great opportunity to get periodic payouts on a high-yield investment.

The Dividend Re-investment option authorises the fund to plough back the dividends declared into the fund at the prevailing NAV, also fetching you more units. It is voluntary to participate in these plans, but if you elect to, you’ll receive additional shares in the company instead of, and to the value of the cash dividend you would otherwise receive. In terms of its effect on your returns, the Dividend Re-investment option is no different from the Growth option.

The Dividend Re-investment option is the superior option for investors who yearn for tax efficiency and are willing to remain invested in equities through stock market ups and downs. If you need liquidity, you can clear up a part of your holdings at NAV.

One of the appealing features of Dividend payouts is that it helps you re-balance your equity holdings when the markets are bullish, guarding you to an extent against a decline in values. The down side is that it is a `set and forget’ strategy that could result in an opportunity loss in a rising market.

The right choice

Now that you have made a thoughtful decision to invest, you are bound to read about, hear about, or experience the risks involved. All funds fluctuate and choosing the right fund requires finding both a fund with a successful track record and one that also meets your investment objectives.

The prospectus states purchase redemption and annual fees as well as statistics such as turnover ratios (the frequency of liquidations within the fund). Sensibility lies in creating a diversified portfolio that mixes stock funds, international funds, bond funds and other specialty funds.

If are you searching for capital appreciation. then you might desire a growth or aggressive growth fund; if you are looking for safety, choose balanced fund and if you are looking to invest in a certain sector such as technology, pick a sector-based fund.

Because, deciding on the correct option is perhaps as important to the health of the investment as choosing the particular mutual fund is.

Posted on March 15th, 2021 by  |  No Comments »