Tax Planning Service
Although the term "tax planning" is often mentioned, only a few understand it well enough to implement effectively. Here is a summary of what you need to know about tax planning and why it's important, and most importantly, how will it help your business?
Tax Planning Definition
The definition of tax planning is "Legal action to minimize the tax liability to ensure allowances, tax expenses deductions, exemption rights, and all other available options be included in tax calculation to ensure maximum efficiency”
The Importance of Tax Planing in Business
Tax planning strategies are typically used to help businesses achieve their financial and business goals. There are benefits of tax planning for both large and small businesses and planning plays an important role in
- Reduce the amount of taxable payment
- Helps to control what and when to pay tax
- Maximum available tax deduction/tax credit
Each year, the rules and regulations for taxes are subject to change. AM Audit Group not only has experts who educate clients on the new rules and regulations that are just enacted. We also have a team of experts who monitor tax credit (tax withholding) and other deductions. This is an essential component of tax planning for the best benefit of the customer.
Tax Planning for Business
Profitable business would be difficult to avoid paying corporate tax. Nevertheless, if you have an experienced tax planning team, the way you structure your personal and corporate affairs can have a big impact on the taxes your business pays. We will introduce a tax planning strategy for your business that will help you maintain more profit from your business, for example:
Corporate Tax Deduction
Our experienced corporate tax team provides special tax services to privately-owned businesses. We can help optimize your tax breaks and tax exemptions in a way that works for your situation and to mitigate the potential impact of turbulent economic conditions.
Tax credit is an amount that can be used to compensate for tax liability. Tax credit is different from deductible expenses because the deduction item is one that can be deducted from taxable income but correlates with the tax payer's tax rate that may increase or decrease depending on income. Tax credit is a tax reduction regardless of the tax rate.
Company tax return
Reckless mistakes or simply lack of knowledge on tax returns by employees of the company may lead to being called for a back tax check. We will make sure that your company's tax work legitimately and correctly.
Have you ever questioned what products or service should your business be exempt from VAT? especially foreign trade. We have extensive experience in dealing with complex, detailed VAT cases.
Capital Gain Tax
Planning for Capital Gains Tax is a tax on income arising from an increase in the value of a capital gain tax. Assets or securities Including real estates, such as financial instruments, buildings, houses, and land, etc. If you own and sell your assets, you may be required to pay capital gains tax (CGT). This usually involves complex calculations. We will calculate it for you or let you know whether you be exempt or not
Dividend Tax Planning
If you expect to earn significant profits at your company this year, you should be able to receive a large dividend. A tax advisor will be able to advise you on the most efficient way to pay taxes for yourself and your employees.
Personal Tax Planning
Tax planning isn't just for business. Individuals can also make tax planning such as
Income and expenditure used for tax deductions
Revenue from sales of property, cars, land
Investments in instrument funds
Inheritance tax arrangements
In summary, a tax planner can benefit any person or organization who wants to increase their income by reducing the tax burden. Whether your business is small, large, or an international business, tax planning can be of great benefit to you and your business, AM Audit Group has a dedicated team of experts ready to serve you
At AM Audit, We are the expertise