Benefits of Tax planning

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Benefits of Tax planning
Tax planning is a continuous process, and having
a powerful plan will help you reach greater
financial stability and credibility. Ensure that
you keep your records clear and ready from the
start of your business. Also, do not forget to
keep track of all the resources and investments
before the financial year starts. Business tax
planning helps you estimate the total amount of
profits and losses well in advance. Here are
some benefits of tax planning- To make strategic
decisions in the year-end Control Alternate
Minimum Tax Reduce the total amount of tax
Lowering the tax rate Control tax period