TAX PLANNING NOTE & HOW TO CALCULATE TAXES

1.Conversion of projected transactions from high tax rate brackets to low tax rate bracket-Legal restriction exist.

2.conversion of immediate tax cash outflow to future cash outflow.

3.Method of financing -Equity or debt financing. Although there are legal restriction.

4.Accounting policy-Legal restriction exist.

5.Transfer pricing methods.

6.Costing methods.

7.Engaging in tax exempt business.

8.Researching  specific tax laws to see available tax incentives.

9.Financial budget simulation to see reflection of different tax indices.

10.Compare ‘delay tax payment penalty with potential benefits other adverse consequences’.

11.Consider the impact of differing payment during inflationary period if legal.

12.Consider the impact of pricing of intangibles such as patent, invention & others.

13.’Cost contributory planning’.

ADVANCE TAX PLANNING STRATEGY AND VAT PLANNING STRATEGY

Disclaimer: Obi Azubuike is not by this publication(or post) acting as a professional advisers and therefore not liable for any damage whatsoever for your acting or refraining to act based on  this publication(post). Consult your professional for advice.