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There is no formal definitation, but basically it is putting your taxes into good use and make your taxes optimized

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12y ago

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Related Questions

What is the Nature and scope of tax planning?

tax planning means how we make the plan for tax. we have toreduce the tax from our business & increase the profit as well.... are called tax planning.


Difference between the tax planning and tax avoidance?

Tax planning is legal while tax avoidance will get you into a lot of trouble


What is the difference between corporate planning and tax planning?

Corporate planning is planning made for your business while tax planning is minimizing the taxes you pay in a legal manner


What is the difference between tax planning and budget planning?

Tax Planning is the method of reducing tax liability through legally accepted devices whereas budget planning is managingincome and expenditure of a person or organization.


Definition of tourism planning?

planning the tourism


Does small business owners need basic tax planning solutions?

Tax planning is necessary for small businesses since they have to make estimated tax payments. Tax planning also allows you to use tax friendly strategies to optimize your tax situation for the entire year.


What is tax planning and tax management?

minimization of taxes


What is the difference between tax planning and tax management?

1.tax planning is a wider term and tax management is narrow term which is a part of tax planning. 2.tax planning emphasizes on tax minimization whereas, tax management is compliance of legal formalities . 3.every person does not requires tax planning but tax management is essential for everyone. 4.tax planning is about future benefits and tax management is about present benefits.


What are objectives of tax planning and various types of tax planning?

So, the main objectives of tax planning are to minimize your tax liabilities, maximize your deductions, and ensure you stay compliant with the law. It’s all about making smart financial decisions that help you save money in the long run. There are different types of tax planning, like short-term tax planning (focusing on immediate deductions) and long-term tax planning (strategizing for future savings). Jarrar CPA & Associates can guide you through the best tax strategies tailored to your unique financial situation. Whether you're looking to reduce business taxes or plan for personal tax efficiency, they’ve got you covered. With expert advice, you can make the most of your earnings while staying on top of your tax obligations.


What is T Lucey's definition of planning?

defination of maket planning


Definition of planning premises?

all the assumption of planning is premises...


What is the Definition of planning?

Planning for a crisis. Glad I could help.