Posts Tagged ‘Banking’

How To Select A Consultant

September 25th, 2022

• Ask the consultant what is unique about him or her? What makes them stand out from all the other consultants you might choose?

2. Secondly, will the consultant fit in with the people they will be working with? This is a critical implementation issue, as whilst they might be able to do the work, if they can’t work harmoniously with the people, the results will be less than optimal. For instance, we once worked on a major government project (total budget in excess of M$43) where the client continually kept us at arm’s length (for example, on a residential workshop, we were not encouraged to eat or mix socially with the client project leaders). We met the output requirements for the client, but had we been allowed to work more closely with the client, they would have received a lot more value added service. In this case, the client should have selected another consultant.

The following tips will help ensure you get the right client/consultant match.

• Is the consultant likely to be able to gain the respect and trust of your key stakeholders?

• Could you trust this person (people)?

• What is the process they will use? i.e, How will they work within the organisation? How will they be seen? Try to visualise the consultant working with you and the other people as they complete the project. Will it work? Is it likely to be a good partnership?

• Who specifically (from the consultancy) will be working on the project and what will be their role? For example, will the people you are interviewing be carrying out the work? Be wary of consultancies that have “front people” that win the jobs, then send in less experienced people to do the work.

• Ask the consultant to describe what a “good working relationship” looks like to them. Is the description the consultant gives you of a “good working relationship” likely to be, and to be seen to be, a partnership?

Tax Consultants – To Put an End to Tax Disputes

March 22nd, 2022

It is the duty of every citizen to pay the Tax. The Tax that you pay plays an important role in the development of your Country (say) better roads and the development of new projects. People often think that paying some cash as Tax is not a big deal at all. However, paying Taxes has some disputes too. You’d have noted that several disagreements arise while paying taxes every year. Starting from the late payment of Tax to the extra amount taken from your account, there are many disputes which come in the way. This is where the tax consultants come into play. The tax consultants will be able to provide you with a clear plan to manage the Taxes every year without any disputes.

Keeping track of the taxes is a major problem. Tax disputes arise if you fail to pay any particular tax in the given time. As you will come up with different taxes like property tax, road tax and so on, it will be very much difficult to maintain a record of the taxes you pay. Moreover, you should also know the right time to pay the taxes because the property tax is collected once in a year whereas the road tax will be collected each time you cross the toll gate. Hence it is very much essential to hire a professional tax consultant to keep a track of the taxes and pay them in time without any disputes.

Maintaining the tax records in corporate offices will even harder. You will be well aware of the fact that big corporate companies will have to pay countless number of taxes. Moreover, the corporate Tax rates will be changing very frequently. Hence it will be a neck breaking job to keep a track of all the taxes and the updates. Thankfully there are some corporate tax consultants who are ready to help these corporate companies. Surveys indicate that the corporate tax consultants play an important role in the innovation of the companies. As the corporate Tax consultants help the companies in preparing a very effective budget plan, they help the companies to grow rapidly.

The main function of these tax consultants is that they will check and ensure that you are paying the Taxes only for what you have to. They will also keep you informed about any updates in the Tax rates. Hence you will not be losing even a single penny as extra Tax. Moreover, these Tax consultants will also let you know what items are subjected to get sales Tax. For example, sales Tax is applicable only to the items that you can handle (say) computers, groceries etc. You don’t have pay any Tax for services (say) haircuts etc. Tax Consultants will let you know the Taxable items and hence you can save a great deal of money while shopping. The corporate Tax consultants also prevent the Taxes from accumulating and hence they will provide a stress-less working environment for the finance manager of the Corporate.