Tax Planning Mindset: Which one do you follow
Lamberty, Pyle &Associates LLP
Tax planning is an integral part of every individual’s financial growth story.
However, everyone has a different tax planning mindset. Tax planning mindset can be classified into:
★ Purposive tax planning: Tax planning with a specific objective in mind.
★ Permissive tax planning: Planning tax that is under law’s framework.
★ Short- and long-range tax planning: Planning done during the end and start of a fiscal year.