Business owners need to be proactive in their attempts to prevent tax avoidance in the workplace, as tough new laws are set to be introduced, according to Aziz Rahman. He shared six essential tips with Business Review to prevent tax avoidance in the workplace.
1. Due diligence
2. Check the legality of tax schemes
3. Develop an anti-fraud culture
4. Assess your vulnerability
5. Introduce anti-fraud procedures
6. Whistleblowing
Rahman, Senior Partner at serious and corporate crime defence specialists Rahman Ravelli, warned that accountants, tax planners and other financial professionals will come under increased scrutiny. To read his explanations, read the full article at Business Review.
This article is summarized by Canadian Fraud News Inc.
