How Not To Overpay Taxes

Table of contents:

How Not To Overpay Taxes
How Not To Overpay Taxes

Video: How Not To Overpay Taxes

Video: How Not To Overpay Taxes
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The tax program allows the state to build roads, schools and invest in health care. Tax deductions are one of the sources of the Pension Fund and innovative programs. However, for business they are a serious expense item. How not to overpay taxes?

How not to overpay taxes
How not to overpay taxes

Instructions

Step 1

Taxes on the income of the company and its individual employees can be reduced using the tax deduction procedure. To carry it out, you need primary documents - checks and invoices, which include reimbursable fees.

Step 2

Education of employees at universities in the correspondence department is one of the possible tax deductions. In terms of knowledge and skills, there is little that compares to the benefits of higher education. Save the contract and receipts for payment of employee training - you can add them to the amount that the state will reimburse. All primary documents must be kept for four years from the date of reimbursement.

Step 3

You can deduct any additional sources of knowledge your employees need to work. Magazines, guides and online tutorials can be safely included in the deduction amount. This way, you can raise awareness and professionalism of your team at virtually no cost.

Step 4

Charity can be a reliable means of tax deductions. Transfers to non-profit charitable foundations, schools and hospitals can be a social contribution of your firm to the development of society. Understand why charity is a way to cut taxes. Taxes are a tool for improving the life of the state. Any entrepreneur has the right to send part of this money to the development of the state at his own discretion. The largest Russian corporations (Gazprom, Russian Railways) also have charitable programs. The status of a company doing good will have a positive impact on the prestige. You will be able to acquire new clients and increase contracts with the old ones - after all, they will find out that some of the money will benefit children, science, etc.

Step 5

You can open a scholarship fund and contribute to your income tax deduction. Universities will gladly agree to receive personalized scholarships from enterprises. You will be able to obtain a combination of benefits from such activities. This is both close cooperation with the academic environment, and the attraction of the best students to the ranks of the company. You will be able to introduce paid internships for the best students and attract high-quality personnel for little money.

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