Tax Planning

Tax Planning

Tax planning can become very complex at times and may involve rather sophisticated investment strategies but many are straightforward and fairly simple and can be used by most taxpayers. We know that it does not make a difference how much you make; it is how much you keep after taxes. We utilize sound tax saving procedures through the application of current tax laws and tax-favored investments to minimize a client’s tax liability.

At its core, tax planning is the process of organizing your finances in such a way to take advantage of the many rules that allow you to maximize the amount of income you keep each year or defer into the future. While the process is essentially the same for any taxpayer, it may entail different types of tax strategies depending on your particular financial situation. Strategies for deferring or splitting income, deferring or maximizing retirement contributions, capital gains or losses, property ownership, charitable giving are applied differently in each situation, so they must be developed specific to your needs.

Tax planning and tax strategies involve the application of the rules and provisions of the Income Tax Act, which is voluminous and in a constant state of change. Because their effective application can result in hundreds or even thousands or even lakhs of Rupees of tax savings each year, it is strongly recommended that you seek the guidance of a financial professional with experience in income and investment planning strategies for minimizing personal income taxes.

Managing your taxes is a year-round activity. Because tax strategies require review and adjustment throughout the year. Throughout the year ,We work closely with our client’s affiliated accountants or CA’s with whom a client has an existing relationship.

Call our office today if you have questions about your own tax strategy.