Tag Archives: #MoneyMindfulness

What is tax planning?

Taxs Planning   Taxs Planning is a lawful and widespread approach embraced by individuals and businesses to reduce their tax obligations while operating within the boundaries of relevant tax legislation. Tax plannings involves reviewing your financial situation, income sources, deductions, credits, and other relevant factors to identify legal strategies that can help reduce your overall… Read More »

Are tax planning fees deductible ?

Tax Planning Fees Deductible   Tax planning feesmay be deductible as a business expense if they are incurred for the purpose of managing and minimizing your tax liability. However, the deductibility of tax planning  depends on the tax laws and regulations of your jurisdiction. In general, tax fees that are directly related to the determination,… Read More »

Q14.19 How to do tax planning ?

                                                                                    Tax planning Website link Tax planning: Tax planning involves implementing strategies and making… Read More »

Tax planning is compulsory or not?

Is Tax planning Compulsory   Tax planning is not compulsory in the sense that individuals and businesses are not legally obligate to engage in tax planning activities. However, it is highly recommend and beneficial for individuals and businesses to engage in tax planning to optimize their tax position and minimize their tax liabilities. By proactively… Read More »

When do you need a bookkeeper?

  Signs you need a bookkeeper Signs you need a bookkeeper,A bookkeeper is typically need in the following situations: Small business owners: Small business owners often require the services of a bookkeeper to manage their day-to-day financial transactions, including recording income and expenses, reconciling bank statements, and maintaining accurate financial records. Growing businesses: As a… Read More »

How to claim GST refund?

How to claim GST refund To initiate a GST refund claim, please follow these steps: Access the GST portal by logging in with your provided username and password. Navigate to the ‘Services’ tab and select ‘Refunds’. For site: https://www.gst.gov.in/ Click on ‘Application for Refund’ and choose the appropriate refund type. Complete the application form by… Read More »