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Tax Planning is an art under-girded by the science of the tax code and proper planning.
Here are some useful and practical tips and can be adopted to save tax:
1. Bring forward the long overdue office repair, decorating projects or marketing campaign and charged them in current year.
2. Make the most of use capital allowances such as capital work in progress, Machinery, and the best is research and development expenditures.
3. Re-structure dividend and bonus policy to directors and employees.
4. Minimize capital gain cost
5. Get the right receipt whenever purchases make by the company.
Paying tax is our responsibility. Try to save it, but don't evade it
Topic starter
Posted : 08/04/2010 6:48 am
Re: How to save your company tax How to save your company tax
Tax planning is a year-round event if you want to minimize your business's tax bill. Whether it's surviving an audit, capitalizing on business deductions, or finding tax-friendly ways to run your business.
Posted : 08/04/2010 10:59 am
Re: How to save your company tax How to save your company tax
In order to reduce turnover it is important to find out about who you are hiring before doing so. There are several pre-employment screening practices to easily incorporate into your hiring routine if you are not currently doing so. Most importantly, you will want to choose applicants that have a steady work history. Employees that frequently change jobs should not be highly considered for openings unless there is a concrete reason for their frequent shifting of jobs.
Posted : 14/04/2010 5:12 am
Re: How to save your company tax How to save your company tax
Tax planning is a year-round event if you want to minimize your business's tax bill. Whether it's surviving an audit, capitalizing on business deductions, or finding tax-friendly ways to run your business, this Inc.com guide can help reduce your tax obligations and make paying taxes less anxiety provoking.Income tax saving can be done through several way like Mutual funds .The Mutual funds are fully exempt from income tax according to Section 10(33). Equity funds are exempt from dividend tax. You can get more information about income tax saving by searching on net.
Posted : 14/04/2010 10:15 am
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