Question

what is the importance of tax planning while setting up a business ??​

Answer 1

Hello friends.

• Tax planning strategies are typically employed to help a business achieve their financial and business goal. There are benefits of tax planning for both large and small businesses and planning plays an important role in: Lowering the amount of taxable income. Allowing greater control of when taxes get paid.

• How are tax planning and financial planning connected? Financial planning is the art of implementing strategies that help you reach your financial goals, be they short-term or long-term.So planning to reduce taxes is a critically important piece of the overall financial planning process

hope it's helpful for you...

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Answer 2

Explanation:

see if we impose tax we can get good funds like money and then we will be in profit. And our business can go faster like lightening