Plan for the Future or Become a Victim of it
Tax planning is the analysis of a financial situation or plan from a tax perspective. The purpose of tax planning is to ensure tax strategy, works with the elements of the overall financial plan for your company. Without it, you may find you financial plans can’t be executed as you’d expected. And, reasonable execution of your financial plan working hand in hand with your tax plan is crucial for your success.
Tax planning can make a material difference in the amount your company will be liable for because the execution of your major financial transactions will have been examined based on the effect of selecting options that consider the effect taxes can have. Financial planning may not consider those effects.