It is a mistake to assume these days that simply posting documents is sufficient for a client’s accounting needs. Tax consulting and tax burden optimization are important components of accounting.

That is why at the accounting firm TaxWise, we not only assess the correctness of individual business transactions in light of Slovak and international tax laws, but we also propose solutions to help clients optimize their income as effectively as possible and thereby legally reduce their tax liability.

Services We Provide:

Tax Audits and Representation

Only an experienced professional can effectively represent a client during a tax audit. We will fully represent you during tax audits and on-site inspections to ensure that the tax authorities do not deny you your rights and that you take advantage of all the options available to you under tax law.

Preparation of tax returns and tax calculations

We don’t just prepare tax returns and tax calculations for our clients; we also provide recommendations and solutions on how to save as much as possible on taxes —and, where applicable, on social security and health insurance contributions— in compliance with the law.

Preparation of tax opinions

At the client’s request, we prepare legal opinions on income tax, VAT, and other tax matters. Drawing on our many years of experience and knowledge of tax law, we are able to take a position and prepare a legal opinion on any tax issue.

Risk Assessment

We take a proactive approach with our clients. We don’t just post accounting documents; we also strive to identify and resolve any accounting and tax issues that may arise, thereby eliminating the risk of potential financial losses for our clients.

Professional Client Care

Tax law is one of the most rapidly changing areas of legislation. Our services go beyond tax and accounting consulting. We make sure our clients are always up to date, which is why we prepare useful informational materials for them. They regularly receive newsletters about current legislative changes—changes it’s good to be prepared for. We also share important information via social media.

Invoicing for Tax Consulting Services

We bill for tax advisory services based on the actual time spent providing the advice. In addition to the time spent, the fee for providing advisory services also depends on the person providing the advice, who may be a tax advisor, a partner, a junior accountant, or a senior accountant.

What Is Included in Paid Tax Consulting Services

Clients often ask what constitutes paid tax advice and what does not. Paid tax advice includes, for example:

• Preparation of an opinion by a tax advisor at the client's request
• answers to clients' various questions regarding tax, accounting, or other matters handled by a tax advisor
• a complex accounting situation in which the accountant must consult with a tax advisor
• advising clients if we encounter a problem or potential tax risks during an audit of their accounting records, a review of their VAT return, or while preparing their financial statements and tax return
• consulting: if, in the course of our communication with a client, the client provides us with information that allows us to identify potential tax risks for the client