Why are you paying so much TAX?

Published: Tue, 08/15/23

Boss, have you ever thought about why do you always end up paying more taxes than your competitors? Even if the profits are the same, but you are on the higher end of the tax bills?

The wealthiest man in the world, Bill Gates once said, "Everyone needs a coach." Bosses, have you chosen the right coach for tax filing?

Majority of the bosses pays a lot of attention on the profits of the company. It is not wrong to keep an eye on the substantiality of the profits, however it is also important to put in the same amount of efforts on company’s tax planning.

Why?

Boss, do you know? If tax planning were being executed and planned properly, tax efficiency could be achieved easily too! Thus, optimizing tax efficiency is a smart financial decision for your business to gain more profits while minimizing the amount of tax liability.

Tax efficiency is when an individual or business pays the least amount of taxes required by law. Neither underreporting taxes nor overpaying them, but rather precisely paying the taxes you are obligated to pay. Understanding the intricacies of tax laws, deductions, and incentives, you can optimize your financial strategies to save BIG.

Does it sound difficult to you? Fret not!! Tax Efficiency is achievable if you realise what are the common “tax pitfalls” that frequently trample taxpayers leading to massive tax bills and hefty fines.

You must be wondering how do you determine whether if your company is achieving tax efficiency?

You can determine whether your company is achieving accurate tax payment by using the following formula:

Tax Payable Divided by Profit Before Tax

If the Tax efficiency rate is greater than the company’s tax rate, it indicates that your company has yet to achieve tax efficiency.
Conversely, if the tax efficiency rate is lesser than company’s tax rate, then it indicates that your company is tax efficient enough.

💥Want to know how does taxation affect development of a company? to achieve accurate tax payment?

💥Want to learn how to plan your tax strategically?

💥Want to know how to avoid tax pitfalls and risks?

Join us now on our upcoming physical tax sharing session for FREE!! It is time to reclaim what is rightfully yours and maximize your business's profitability!

Sign up now for the physical tax sharing session for FREE "Don't Let Taxes Ruin Your Business" organized by YYC

BOOK NOW

Sharing Details:

Speaker: Zen Chow, YYC Tax Practice Leader

📅Date: 29/08/23 (Tuesday)

🕣Time: 2.30PM - 5.00PM

📍Venue: Sime Darby Convention Centre, K.L

💰Fees: FREE

By participating in this sharing session, you can:

✅Understand tax implications on your business earnings.

✅Gain insights into tax-saving opportunities that’ll often overlooked.

✅Identify potential tax-saving opportunities.

✅Learn about deductions and credits available to you.

✅Implement effective tax planning strategies.

✅Avoid common tax pitfalls that can hinder business growth.

✅How to save yourself from tax mistake (SVDP 2.0)

✅Engage in live Q&A with seasoned tax and finance professionals.

Secure your spot today by clicking BOOK NOW button below

*Limited to 300 seats only!!!

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Attendees will receive a special gift from YYC.

🎁《SVDP 2.0 Detection Checklist》

🎁《A Quick Guide for 100% Tax Deductible Entertainment Expenses YOU DON'T WANT TO MISS》

🎁《A Quick Guide on How to Claim Tax Deduction ON BAD DEBTS》

Don't let taxes become an obstacle to your business's growth and success. Join us for this informative tax sharing and gain the insights you need to take control of your financial future.

BOOK NOW

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Kuala Lumpur Wilayah Persekutuan 55100
MALAYSIA

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