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Basics of Tax Planning

Posted by [email protected] on May 30, 2014 at 6:15 AM Comments comments (0)

The main objective of tax planning is to manage your business or personal accounts in a way to minimize the tax liability. A solid tax planning can help to reduce the amount you pay in taxes. There are three basic ways to reduce your taxes, and each basic method might have several variations. You can reduce your income, increase your deductions, and take advantage of tax credits. Tax liability of a business firm's are determined on the basis of their adjusted gross income. This is a key measu...

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