1. Understanding Management and Tax Planning

In general, tax planning refers to reverse the transaction of business and taxpayer to the tax debt in a minimal amount, but still in the frame tax laws. However, tax planning can also be interpreted as tax planning obligation is complete, correct, and timely so that it can optimally avoid waste of resources.

Tax planning is the first step in tax management. Tax management itself is a means to meet the tax obligations correctly, but the amount of tax paid can be reduced to a minimum to earn profit and liquidity are expected. The next step is the implementation of tax obligations and tax control. At this stage of tax planning, conducted research on the collection and tax laws. The goal is to be selected types of tax-saving measures to be taken. In general, the emphasis on tax planning is to minimize tax liabilities.

2. Taxation of Economic Management, Efficient, and Effective

In order to minimize tax liability, can be done various ways, whether that still satisfy the requirements of taxation or in violation of tax laws, such as tax avoidance and tax Evasion.

General tax planning always begins with convincing whether a transaction or event having an impact on taxes. If the incident has a tax impact, whether the impact can be made to exclude or reduce the amount of tax. Furthermore, if the tax payments may be delayed.

Basically, tax planning must meet the following requirements: (1) does not violate the provisions of taxation, (2) the business can be accepted, and (3) supporting evidence sufficient.

3. Aspects of Tax Planning

a. Formal and Administrative Aspects

- The obligation to register for a Tax Payer  and No. Taxable Inauguration ;

- Organize books or records;

- Cutting and / or collect taxes;

- Paying taxes;

- Delivering the Notice.

b. Material Aspects

Tax calculation base is the object of tax. In order to optimize resource allocation, management will plan the tax payments of no more and no less. For that, the object of tax should be reported correctly and complete.

4. Tax Planning Stages

a. Analyzing information
b. Make one or more models possible amount of tax

c. Evaluating the implementation of tax planning
d. Looking for weaknesses and improve the return of tax plans
e. Updating tax plan
5. General Tax Planning Strategies

a. Tax saving

b. Tax avoidance

c. Avoid violations of tax laws
d. Delaying payment of tax liabilities

e. Optimize the tax credit allowed

Tags: obligation, tax management, tax payments, tax planning, Taxes, Taxpayer

This entry was posted on Wednesday, November 4th, 2009 at 4:51 am and is filed under Management. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.