Tax planning in the enterprise

Tax planning at the enterprise provides for a number of activities that will help optimize taxation or, in other words, will reduce the level of taxation by legal means. The manager should pay special attention to the deliberate and regular planning of tax revenues. Otherwise for a business entity, unplanned activities can have such negative consequences as a decrease in the company's circulating assets, a loss of financial stability and a reduction in the possibility of further development.

Tax planning at the enterprise should be carried out already when the company is established, taking into account the choice of directions of economic activity and the business sector.

The process itself should be carried out through specific activities carried out at all stages of the functioning of the organization.

The main methods of tax planning should be stated in the form of a mandatory item of the business plan. The main purpose of this document is to provide legal ways to optimize tax payments and calculate the achievement of the required performance of the company.

Due to the long-term planning, the company's management can choose the best tax regime for its company. In the process of implementing the corresponding measures, the directions of financial and economic policy are developed to reduce the tax burden on the enterprise.

So, as a method of tax planning can serve to outline the conclusion of transactions and taxes. Depending on the chosen direction, the specialists of the company are determined with the tools for achieving the best results in this direction.

The holding company needs special attention. At the same time, tax planning differs in the enterprise at the stage of its creation, as well as in the process of functioning.

To achieve the most positive results of the firm, it is necessary to constantly work out a number of points.

First, the optimization of the taxation of the enterprise begins with an analysis of the model of taxation of the company's profits tax, the determination of strengths and weaknesses in this sector.

Secondly, to get a full picture of the company's activities, the organizational structure is considered, a list of the main buyers, suppliers and other counterparties is drawn up.

The third stage of tax planning at the enterprise involves the study of all contractual activities, as well as primary documents of tax accounting.

The next step is to calculate the level of the company's tax burden . The result of qualitative passage of this stage can be considered the choice of the best method for carrying out economic activities. Before making a decision, the company management must thoroughly analyze the consequences and possible results from the introduction of the chosen taxation model.

The last stage in tax planning is the direct application of the chosen taxation model with a detailed calculation of the volume of tax payments, as well as the development of all accounting records in accordance with a new line of business.

One of the ways to optimize the taxation of the company can be considered the availability of highly qualified specialists who will ensure proper management of primary documentation and timely submission of reports to the tax authorities. This will help to avoid additional costs in the form of fines.

In no case should you confuse the optimization of tax revenues with their minimization. Their main difference is that the former is achieved by legal means, and the second is not. It is precisely the minimization of taxation that is paid great attention by the tax authorities.