tax planning advisor
The Importance of International Tax Planning
You are all ready to expand your business to offshore markets. You have a great product or service, you have domestic market success and you have developed a detailed business plan. But do your plans include a reasonable and effective tax planning strategy? International tax planning strategies can be a legitimate way to minimize international tax liabilities.
International tax planning is especially important to consider when you are devising a tax planning strategy for an offshore company formation. International taxation can be a complex field and thorough research should be undertaken before considering your business expansion. Engaging the services of a professional corporate services firm can help to provide reassurance that the necessary research and due diligence has been carried out. It is important to have comprehensive knowledge of the requirements of the country in which you are setting up the business as well as the your country of residence.
Offshore tax planning is not necessarily as daunting as it may seem. An experienced corporate tax-planning advisor will guide you through all the required steps. It is important to consider different options and such as advisor should assist you do this and develop a suitable strategy. Your tax planning strategy should be formed with full awareness of the advantages or benefits, as well as disadvantages, and risks, of each the different options available to you.
Some of the benefits of effective international, or offshore, tax planning can include:
- Legally minimizing international tax liabilities
- Protecting business, and personal, assets
- Taking advantage of double taxation treaties between your resident country and other offshore countries
- Maximize working capital
- Improved financial efficiency
An effective, well-structured international tax planning strategy can legally benefit an international business in a number of areas. International tax planning can be a complex process, especially when multiple jurisdictions are involved. There are a number of fundamental issues to consider before deciding on an optimum strategy and this is the reason why using an experienced tax planning professional can be valuable. They will assist with both developing the most suitable strategy and avoiding potential issues from arising.
About the Author
Lawrence is a management and marketing consultant with a broad range of experience in providing corporate services, specialising in company incorporation, international banking and effective tax planning. <!–EndFragment–>
Healy Consultants is a leading corporate services firm that assists entrepreneurs and investors with International tax planning
. The firm provides a range of corporate services to assist entrepreneurs including setting up offshore bank accounts and offshore company formation. More information on international banking can be found by visiting http://www.healyconsultants.com .
Should I get a financial planner?
I’ve been thinking more and more laterly about hiring a financial advisor to help me with asset allocation, retirement planning, tax shelter opportunities, and a bunch of things that I have no idea about.
Does anyone here use a financial advisor? Has it been a wise decision?
*I already read Kiyosaki’s lame book, thanks.
*not from the States
I am a financial advisor. There are thousands of financial advisors out there who can do the same thing when it comes to Estate Planning. They can us the same products, tools, rules, etc. What it comes down to is if you trust this person. I always tell clients, ” you can do everything exactly the same across the street with Morgan Stanley, the question is if you feel comfortable with the person”. I always tell clients that I don’t sell anything, I educate. So if I were you I would find someone who can educate you and not sell products…
Also remember although you can try to learn these things, you there is no way to keep up with new tax laws, trading rules, insurance products, mutual funds, re-balancing, split ticket, A and B trusts, By sell agreements, cds vs annuties, etc….. Do you have time to figure all this out? Do you ask your Doctor to build your house or your Accountant to do brain surgery..probably not.
So get someone qualified, trustworthy, and speaks in simple terms..
Interview your advisors before you choose!!!
For some free advice, there are two parts to Estate Planning…
Accumulation Phase (which people spend 95% of their time)
-Savings, Checking, Stocks, Mutual Funds, Annuities, Business, Real Estate, Bonds, etc….
Distribution Phase (which includes preservation of assets, keeping money from Uncle Sam)
- Living Trusts
-Life Insurance
-Registration/Titling of your Businesses
-Tax planning
Now you can attack these areas like, asset allocation or probate, or life insurance within these two realms.
I agree, Rich Dad poor dad SUCKS,, so does Suzy Orman..dont waste your money..some of rich dad poor dad ideas dont apply anymore..
hope this gives you a good idea..GOOD LUCK
Tip of the Week: Tax Planning and Saving Strategies by Financial Expert Steve Sexton
Broadridge’s Access Data Introduces Unique Tax Management Solution for Mutual Funds and ETFs
Broadridge Financial Solutions, Inc. today announced a unique tax management solution providing mutual fund managers and ETF sponsors access to data to accurately calculate state tax obligations.