Tax considerations affect virtually every financial decision a family makes. For that reason, we help them design to integrate professional tax planning with all aspects of financial picture and not just to provide short-term benefits, but also in an effort to minimize long-term tax implications. We also provide periodic tax-planning meetings, payment analyses as well as cash flow planning.
Integrate tax planning with financial objectives –
as a person’s team of advisors grows, coordinating their collective expertise becomes more & more challenging as well as more and more vital. That’s where cfp global makes a difference. We have extensive experience in the field of income tax planning for affluent families and can help in:
Developing strategies to minimize a person’s total tax burden
Make tax-sensitive financial decisions
Provide alternative financial structures to deliver tax advantages
Proper tax planning is also a basic duty of every person that should be carried out religiously. Basically, there are three steps in tax planning exercise which are:
Calculate taxable income under all heads i. E. , income from salary, house property, business and profession, capital gains as well as income from other sources
calculate tax payable on gross taxable income for whole financial year (i. E. , from 1st april to 31st march) using simple tax rate table after calculating the amount of tax liability, a person has two options to choose from:
Pay your tax (no tax planning required)
Minimize your tax through prudent tax planning
Most people rightly choose option ‘b’. Here a person has to compare advantages of several taxes saving schemes & depending upon his age, social liabilities, tax slabs & personal preferences arrive at a right mix of investments. This would help in reducing tax liability to zero or minimum possible.
Every citizen has fundamental right to avail all tax incentives provided by government. Therefore, through prudent tax planning not only helps in reducing income-tax liability but also ensures better future due to compulsory savings in highly safe government schemes. We also sincerely advise all our readers & clients to plan their investments in a way that post-tax yield are highest possible keeping in view basic parameters of safety and liquidity.
We are Independent Financial planners, who are responsible for designing a financial plan that will take the client from where he is now to where he wants to be in the future, i.e. a plan that satisfies his needs and objectives.
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