Advanced Aggressive Tax Planning Techniques and Management Course
Overview:
Introduction
The thorough course "Aggressive Tax Planning Strategies and Management" aids professionals in navigating the complexities of tax legislation. Within the context of current tax laws and settings, this course provides useful tax planning techniques. By the end of the course, participants will have ways to increase their short-term tax deductions and decrease their long-term tax exposure. Most likely, the most important step towards financial independence and control is effective tax preparation.The concept is really simple: the more money you earn at a lower or tax-free rate, the more money you get to keep. Your money begins to work for you if you reinvest this money wisely, creating a stream of passive income that could eventually lead to large amounts of usable wealth.
Course Objectives:
At the end of this course the participants will learn about:
- Learn how to file taxes and prepare tax returns.
- Become knowledgeable about the various approaches and strategies used in tax planning.
- Use various tax planning methods to distinguish between tax avoidance, avoidance of tax, and tax planning, and to identify which ones are appropriate in which circumstances.
- Recognize why tax management, control, and planning are all equally important parts of the process.
- Reading case studies and taking part in discussions with taxation experts will help you get useful information.
- Consider different tactics to influence tax rules to your advantage.
Targeted Audience
- Accountants
- tax consultants
- experts in general taxation
- Tax experts working for advising firms
- Tax experts in the commercial and trade sectors
- government employees
- Internal tax managers or directors
- tax enforcement agencies
- People with an interest in financial planning
- Small- and medium-sized businesses
- business secretaries
Unit1: Introduction
- Tax Structure
- Overview of Income Tax Law
- The Need for Different Slab Rates
Unit 2: Tax definitions and filing
- Definitions
- Steps in Planning
- Income Tax Returns
Unit3: The Operation of the Tax System
- How the Individual Tax System Operates
- How Businesses Can Use the Tax System
- How to Determine Taxable Income
- Increased Deductions
- Fiscal Credits
Unit4: Tax planning & STRATEGIES
- Introduction to Tax Planning
- Real Estate
- Securities
- Retirement Accounts
- Small Business
Unit 5: Tax reform
- Tax Reform – The Impulse
- Tax Reform- Individuals
- Tax Reform – Businesses
Unit 6: Tax Exemptions and Planning
- Tax Planning and Exemptions Overview
- Difference Between Tax Planning and Tax Management: Tax Planning, Tax Evasion, and Tax Management
- Goals, Categories, and Areas of Tax Planning
- Tax Planning from the Perspective of Employers
Unit 7: Agriculture Income and Exemptions
- 5 Heads of Income
- Agricultural Income
- Exemptions
- Revision of Agriculture Income and Exemptions
Unit 8: Household Property Income
- Conditions for Taxability of House Property
- Combined Rent
- Domestic property
- Annual Gross Value
- Deduction from Household Property Income
- Significant Points
- Revision of Household Property Income
Unit 9: Other Sources of Income
- Overview Earnings from Other Sources
- Learning Intentions of Additional Income
- No deductions permitted
- Taxation of Received Gifts
- Numerical
- revisions to other sources of income
Unit 10: Clubbing of Income and Capital Gains
- Asset Transfer and Capital Assets
- monetary gains
- Illustrations of Capital Gains
- Changing Capital Gains
- Income and capital gains are combined
- revisions to other sources of income
Unit 11: Tax Saving Strategies & Explanations
- Maximise Deductions
- Legal Entity Optimisation
- Retirement Planning
- Insurance Captive Insurance
- Niche Strategies
- Advanced Strategies
Unit 12: How You Can Charge For Tax Planning
- Business Owners vs. Individuals
- Defining Key Areas of Opportunity
- Analyse A Return for Tax Savings
- Estimated Savings Calculation
- Start the Research Process
- Lead Generation for Tax Plans
- The Service Delivery Model
Unit 13: Tax Planning – Build & Scale A Profitable Business
- Planning vs. Preparation vs. Implementation
- There’s Always More to Save
- The Business Model of Tax Planning
- Scaling A Tax Planning Business
- Your Career History
- Pricing
- The Math
Unit 14: Deductions and Tax Planning
- Planning for taxes and deductions
- Changing Deductions
- How Much Should Tax Planning Cost?
- Proactive Tax Planning Considerations: Defining & Applying
- How to Choose the Correct Entity
- Making Powerful Tax Planning Sending emails
- Market-specific tactics