Tax Efficient Financial Strategies
Company Name Here
Managing Director
MACROBUTTON AcceptAllChangesShown [name]
Tax Efficient Financial Planning
Astute financial planning in the current economic climate is critical. While we cannot control the ebbs and flows of either the market or the decisions of the government that affect one's personal finances, we can attempt to grow and preserve wealth through tax efficient financial planning. There are solid vehicles available, if utilized correctly, can successfully minimize income, capital gains and estate taxes for our clients. Below provides detailed information on vehicles available to provide minimal tax exposure.
Income Tax Minimization
Deferred Variable Annuities
Using this method clients not only are able to minimize their incomes taxes, but they this vehicle also provides asset protection.
401K or other Qualified Retirement Plan
Contributions to a 401k or a similar retirement plan are tax-deferred and not-taxable until withdrawal. Contributions help to lower an individual's AGI thereby lowering their income taxes or even lowering their tax bracket all together.
Limited Liability Company
Set up a Limited Liability Company (LLC) to create income outside of W2 income. Within the LLC exist opportunities for tax write-offs such as entertainment, utilities and travel.
Capital Gains Tax (CGT) Minimization
Invest in IRA's and 401K's
Buying and selling within these two types of accounts do not trigger the capital gains tax as investments if bought and sold outside of an IRA, 401K or other qualified pension plan would. Owning investments outside of these structures that trade often will trigger the Capital Gains Tax, moving these investments into an IRA or 401K would help to alleviate the CGT burden.
Index Funds
Index funds trade less than managed mutual funds, meaning that index funds have a lower rate of capital gains taxes. Using Index Funds in lieu…
The use of RFID in this industry also has been more tactical and focused on the scanning and inventory management systems as opposed to automating an entire supply chain and creating auditabiluity and therefore increasing performance of the entire chain. This is one of the shortcomings of how the industry is shortchanging itself in terms of technology adoption. In addition, the majority of spending in this industry is going
Financial Analysis of Bestwish Limited Company Overview Bestwish Limited produces extensive range of quality products such as gift dressing, greetings cards, and plush merchandise of more than 50,000 stocks. The production of different categories of products involve between 2 and 15 processes. The company produces standardized products and custom designed products ordered from customers on contract basis. However, Bestwish Limited is facing challenges to control the costs because of varying production process,
Goal setting works well for simple jobs -- clerks, typists, loggers, and technicians -- but not for complete jobs. Goal setting with jobs in which goals are not easily measured (e.g., teaching, nursing, engineering, accounting) has posed some problems. Goal setting encourages game playing. Setting low goals to look good later is one game played by subordinates who do not want to be caught short. Managers play the game of setting
It is hoped that the value added by the UDA system will help to increase sales of the core product. The division manager of Gadgets has a valid point in regards to the overall impact on the Division's profits. He had a valid reason for requesting this exception to the rules. It may at first appear that the Gadget Division manager is acting out of self-interest and protectionism. However,
financial analysis of Chevron from the perspective of a potential creditor. The issue surrounds primarily the creditworthiness of Chevron rather than the type of credit that would be issued. Specifically, the issue is whether "we" would lend Chevron 10% of its net assets. The net assets for Chevron are $209.474 billion, so the amount in question is $20.9 billion in new debt. The report will first analyze the financial
This is a major part of the total "tax gap," the amount of unpaid taxes owed by individuals, corporations, and other organizations, which is estimated by the Internal Revenue Service (IRS) to be $345 billion. Tax havens have been used by American businesses for many years, and many commercial banks have successfully prevented legislation to stop tax haven activities (Francis, 2008). This is primarily because banks make money by placing
Our semester plans gives you unlimited, unrestricted access to our entire library of resources —writing tools, guides, example essays, tutorials, class notes, and more.
Get Started Now