CASH MANAGEMENT SOLUTION (CMS)
EMPLOYEE BENEFITS SCHEME (EBS)
BUSINESS SUCCESSION PLAN (BSP)
BUSINESS RISK MANAGEMENT (BRM)
The principles of tax planning forms an integral part of any wealth-building strategy. The overall objective is to structure your affairs to legally minimize the amount of tax you have to pay.
You can accomplish this by adhering to what we call the 4D’s of taxation: deduct, defer, diminish and divide.
· Deduct – maximize all tax deductions and credits.
· Defer – Defer paying tax as long as possible. A tax dollar deferred is often a dollar saved.
· Diminish – Position investments in investment vehicles which attract the least amount of tax, having full regard for your risk tolerance and asset allocation strategy.
· Divide – Split income among family members to the maximum degree possible while considering other personal objectives.
We will provide an overview of your tax situation based on the information you provided. We will identify your Marginal Tax Rates, which is the rate of tax payable on the last dollar of taxable income as well as The Average Tax Rate, which is the overall percentage of total income that is lost to taxation.
Tax recommendations are typically fully integrated with the other components of your financial world. We will make the recommendations in the Action Plan Checklist at the end of this document.