Tax planning

(redirected from Tax Plans)

Tax planning

Devising strategies throughout the year in order to minimize tax liability, for example, by choosing a tax filing status that is most beneficial to the taxpayer.

Tax Planning

The practice of making adjustments so as to reduce one's tax liability to the least possible amount. For example, one may wait to sell a security until the next tax year so as not to realize capital gains.
References in periodicals archive ?
SNP MSP Tom Arthur says Scots favour progressive tax plans by two to one according to new YouGov survey.
"This is a real endorsement of the SNP's approach to protecting public services, investing in the economy and supporting households and I hope other parties will now back our tax plans.
Also, the American Taxpayer Relief Act is known more for preventing the increase of taxes rather than cutting down on existing tax plans.
After the GOP tax plan passed in the senate on Tuesday, President Donald Trump tweeted out calling it the "biggest in history Tax Cuts and Reform Bill." But as it turns out, the GOP tax plan does not even account for the biggest tax cut in the last five years.
The draft text of the "Monterrey Consensus," the main document to be presented at the conference, barely gives a hint of the tax plans the UN globocrats have in mind.
The proposed hotel tax is among four new tax plans recommended last year by an advisory panel to the metropolitan government.
The new tax plan, however, requires an agreement from the central government's home affairs ministry that oversees local government finances.
The ability to store, search and retrieve pro forma tax plans will increase the tax accountant's ability to cope with the ever-increasing complexity of business and family plans.
The practice of the 21st century will consist primarily of tax practitioners doing research to develop a tax plan for a group of clients.
I propose simplifying the income tax structure by adopting the top marginal rate, 4.54 percent, as the new flat income tax rate.<br />My flat tax plan is expected to generate more than $1 billion per year in additional revenue compared to now.
To incorporate global tax planning into your overall strategic plan, you must first determine the goals of the global tax plan. A global tax review can be an efficient way to establish these goals.
Grassley, who chairs the Senate Judiciary Committee and was the former chairman of and current member of the Senate Finance Committee, was asked to convey his views about the tax plan, in context of how it would affect the people of his state.