When it comes to tax and finance, companies can benefit from the expertise of an external partner such as EY. They can help clients reduce costs, manage risk, and add value. EY's investments can be of benefit to their clients in people and processes as well as technology. Companies can now focus on their core taxes by co-sourcing financial and tax activities.
Flynn Flynn serves as the Americas Vice Chair for Tax at Ernst & Young
Ernst & Young's Americas Vice Chair of Tax has been named as Kevin Flynn. He will be based at San Francisco and will manage the firm's client services and tax strategy. Flynn joined EY 35 years ago. Before his current role, Flynn was Associate Vice President of the firm's Tax practice. He is a certified public accountant member of the American Institute of Certified Public Accountants.
Flynn is Americas Managing Partner for the firm's Tax Practice. He graduated from Cal Poly San Luis Obispo where he studied Public Policy.
He is also a certified public accountant member of American Institute of Certified Public Accountants.
Tax ey provides tax planning services for individuals and businesses. They have a strong background in international tax planning and have expertise in many areas including nonprofit organizations, mergers and acquisitions, and international tax credit planning. They are members of both the American Institute of Certified Public Accountants (AICPA) and the Association of Tax Professionals (ATP).
The tax ey team is headed by a Chartered Global Managerial and Certified Public Accountants. He holds a B.A. He is a graduate of the University of Southern California with a Bachelor of Arts in accounting. He is a certified public accountant and member of the American Institute of Certified Public Accountants. He is also a part of the Women's Economic Forum Silicon Valley. His past work experience includes his role as the Trumpet Squad Lead for the USC Trojan Maring Band. His performances have appeared on the Mainstage at Coachella and in the film Glee. From 2010 to 2013, he was also a member of the Los Angeles Lakers' team.
Ken Dawson joined Ernst & Young’s National Tax Office in 2017. He specializes on income tax and deduction, long-term agreements, leasing, as well accounting for foreign controlled corporations. Before joining Ernst & Young he was a Tax Policy Advisor at U.S. Department of Treasury Office of Tax Policy. He was also on the Board of the Carl Gellert and Celia Berta Gellert Foundation.
FAQ
Are consulting incomes subject to tax?
Yes, you will need to pay tax on your consultancy profits. The amount of your earnings per year will determine the tax payable.
You can also claim expenses if you are self-employed. This includes rent, childcare, food, and transportation.
However, you can't deduct interest payments for loans, vehicle depreciation or the cost to purchase equipment.
If your annual income is less than PS10,000, you can only claim 25% back.
Even if you earn more than the threshold, you could still be taxed depending upon whether you are classified as a contractor and/or employee.
Pay as you Earn (PAYE) is the most common method of taxing employees. Contractors pay VAT.
What should I expect from my consultant
When you choose your consultant, they should respond within a few working days. They will ask you for information about your business, including the mission, goals, products, and budget. Then, they'll send over a proposal outlining the scope of work, estimated time frame, fees, deliverables, milestones, etc.
If everything is in order, then the parties will enter into a written contract. The type relationship between the two sides (e.g. employee-employer or independent contractor-employer) will dictate the terms of the contract.
If all goes well, the consultant will start working immediately. The consultant will have access your internal documents and resources. Additionally, you'll have access their skills and knowledge.
Don't assume that someone who is a consultant knows everything. It takes practice, effort and practice in order to be an expert in any area you consult. So, don't expect your consultant to know everything about your business.
Can anyone be a Consultant?
A consultant is someone that helps you achieve your goal. They can offer advice on how to do it better, faster and cheaper.
A consultant can help you solve problems, make decision, or negotiate with people.
Consultants are often hired to help with specific tasks and projects.
Consultants are often paid per hour or daily rather than per project.
How do you get clients for your consultancy business?
Find an area that you are passionate about. It could be anything from social media to public relations, but there must be something you feel strongly about. If you don't feel passionate about it, you might need to start small with web design. Once you've found this niche, make sure you understand what makes it tick. What problems does the solution solve? Why should people use it? What are the benefits?
You can also contact businesses directly.
If all else fails, why not offer your services at free events like networking evenings and conferences? It's a great way to get in touch with potential customers, without spending too much on advertising.
How do I start a LLC consulting business?
The first step is to decide what service provider you want to be. You must then ensure you are qualified to offer those services. It is also possible to locate someone who has done the same job as you and find out how they do it.
Once you have a clear idea of what you are offering, you can start to identify your target market. You may have to create more if there aren’t enough.
Next, you will need to decide if you want to start your own business or hire others.
The state may also permit you to open your own consulting company. However, it requires some paperwork and fees.
Statistics
- According to statistics from the ONS, the UK has around 300,000 consultants, of which around 63,000 professionals work as management consultants. (consultancy.uk)
- On average, your program increases the sales team's performance by 33%. (consultingsuccess.com)
- Over 62% of consultants were dissatisfied with their former jobs before starting their consulting business. (consultingsuccess.com)
- WHY choose me: Why your ideal client should choose you (ex: 10 years of experience and 6-week program has helped over 20 clients boost their sales by an average of 33% in 6 months). (consultingsuccess.com)
- My 10 years of experience and 6-step program have helped over 20 clients boost their sales by an average of 33% in 6 months. (consultingsuccess.com)
External Links
How To
What's a typical day like for a Consultant?
Depending on what type of work you do, your typical day may vary. You will be spending time researching, planning new ideas, meeting with clients, and creating reports.
Meetings are a common way to discuss problems and issues with clients. These meetings can be conducted over the phone, by email, face-to-face, or online.
Also, proposals are documents that outline your ideas or plans for clients. These proposals will be presented to clients by you and a mentor.
You will need to create content after all your planning and preparation. Writing articles, designing websites, editing photos or conducting interviews are just some of the options.
Based on the scope and complexity of the project you may need research to obtain relevant statistics. This could include finding out how many customers your company has and whether they purchase more than one product.
After gathering enough information, you can present your findings to clients. You may give your findings orally or in written form.
After the initial consultation, it is important to follow up with clients. You could phone them occasionally to check on things or send an email asking them to confirm that you have received their proposal.
This is a long process that can take some time. However, it is crucial to stay focused and to maintain good relationships.