《税收筹划的外文文献及翻译》由会员分享，可在线阅读，更多相关《税收筹划的外文文献及翻译（11页珍藏版）》请在金锄头文库上搜索。
1、-CAL-FENGHAI.-(YICAI)-Company One1税收筹划的外文文献及翻译Planning forever tax savingsl Learn how to keep your tax bill at the legal minimumand keep it there!By Mark Now is the best time to think about reducing the ornamental and miscellaneous metal operations tax bill even lower than the point the economy may
2、have driven it ,of course,aim to keep that tax bill at its legal minimum for many year to come.While many of us rely on the advice and help provided by tax professionals or utilize software programs to ensure a low tax bill,the real goal should be a low tax bill for not just this tax year but best g
3、uarantee of consistently low tax bill,this year,next year,and so-on down the road is,of course,tax planning.Tax planning is easy:the more tax deductions taken,the lower the fabricating operations taxable income will be-at least for this tax course,ignoring potential tax deductions this year might me
4、an significant savings in later years when profits-and tax bills-are way,in order for deductions to count,the time to make the moves necessary for those low tax bills is before the end of the tax year.Tax Planning BasicsWhen thinking about any type of tax planning,every metal fabricator should keep
5、in mind that although the IRS may occasionally disagree,the courts strongly back every taxpayers right to choose the course of action that will result in the lowest legal tax ,as the end of the tax year quickly approaches,every fabricator faces several different options as to how to complete certain
6、 taxable transactions.Out tax system has graduated rates that increase along with the income of the metal fabrication business at various tax ,one strategy for saving taxes means reducing the tax bracket of the fabricating the most from the temporary 15-percent tax rate for dividends,means finding a
7、nother way to reduce corporate level income-and taxesObviously,neither an ornamental metal fabricating business nor any business owner can literally reduce their federal income tax can however,take actions that will have a similar example:l Choosing the optimal from of organization for the business(
8、such as sole proprietorship,partnership,corporation or S Corporation).Although not a year-end tax planning strategy,this option deserves attention in the overall tax planning process especially in light of the current,and temporary,15 percent tax rate on dividends paid by incorporated metalworking b
9、usinesses.l Structuring transactions so that payments received are capital capital gains earned by non-corporate taxpayers are subject to lower tax rates than other income.l Shifting income from a high-tax bracket individual(such as you,the business owner),to a lower-bracket individual(such as your
10、child).One fairly,simple way to accomplish this is by hiring your possibility is to make one or more children partners in the business,so that net profits are shared among a larger group.While the tax laws limit the usefulness of this srtategy for shifting “unearned” income to children under the age
11、 of 14,some opportunities to lower tax rates still do ,however,the time to think about those strategies is during the course of the tax year.Consistently ConsistentAlthough the goal is usually to reduce taxes this year,to be really effective the tax bracket should be consistent income is up this yea
12、r but expected to be down next year,for instance,an ornamental metal business might want to postpone asset sales or other unusual transactions until next year when the additional profits may not be as likely to put the operation into a higher tax ,conversely if income and profits are down this year,
13、disposing of unneeded equipment or business assets via a profitable sale just might generate extra income,income taxed at the operations current low tax rates.Depending on the circumstances,a number of legitimate strategies a metal fabricating business can employ before years end will help them rema
14、in in the same bracket this year,next year,and for many year basic year-end savings strategies include:l Delaying Collections:A cash basis metal fabricating operation can delay year-end billings until late enough in the year so payments will not come in until the following year.l Accelerate Payments
15、:Wherever possible, prepay deductible business expenses,including rent,interest,taxes,insurance,keep in mind that the tax rules limit tax deductions for some prepaid expenses.l Accelerate Large Purchases:Close the purchase of depreciable personal property or real estate within the current year.l Acc
16、elerate Operating Expenses:If possible,accelerate the purchase of supplies or services or the making of repairs.l Accelerate Depreciation:Elect to expense or immediately write-off the cost of new equipment instead of depreciating ,the new Section 179 tax rules now permit every metal fabricator to deduct,as an expense,up to $250,000 in expenditures for new equipment.Naturally,what a particular business ca
