Tax planning is carried out with the aim that the tax costs paid do not exceed the actual amount. In other words, it can be concluded that tax planning is a plan carried out so that tax payments are small without violating tax regulations. In doing tax planning, you can use a tax planning sunshine coast service. The goal is not to deviate from existing tax regulations. This planning is indeed allowed, as long as it does not violate tax regulations. Companies need to do tax planning because taxes are a burden that can reduce the company’s net income.
In essence, there are two main purposes why tax planning is necessary, namely:
– So that the calculation of tax is by tax regulations so that it does not result in sanctions or fines for the taxpayer,
– So that tax costs paid are relatively small but still comply with applicable tax regulations.
In doing tax planning, of course, some requirements must be met. These requirements include not deviating from tax regulations. If it violates the taxation provisions, it will put the taxpayer at risk. This can threaten the success of the tax planning. Proof of transactions and other data are not fictitious (by the actual situation). Acceptable on a business and tax basis. This is closely related to the company’s overall planning. If implementing tax planning does not make business sense, it will weaken the planning itself. Tax planning is a program held by the government to legally minimize taxes.
Tax planning can be done through several strategies. In doing tax planning, you can do tax avoidance. Tax planning can be done by avoiding taxation through transactions that are not tax objects. In this case, the company or taxpayer must comply with tax regulations and not violate them. So that companies can focus on the following developments in the field of taxation and are not subject to sanctions in the form of fines, it is advisable to use the services of a tax consultant.