These four variables are considered to be the most important guidelines used by companies when developing tax strategies. II. The Four Maxims of Tax Planning The first the major tax planning maxims, entity variable planning, says that a company should use its structure to its advantage. What this means is that when there are two related parties under common control and one is subject to a lower tax rate than the other, more income should be allocated to that entity, thus allowing for a reduction in the overall income tax expense incurred by the firm...
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Due to the time value of money, meaning that a dollar today is worth more than tomorrow, it is beneficial for a company to defer tax liabilities as long as possible. This delay will afford the firm other opportunities for investment that they would not otherwise have. Another way to use to planning to alter the timing of payments in a way beneficial to the company is by accelerating the tax deductions received by the firm...
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Forest Many of the concepts and techniques that deal with strategic management have been developed and used successfully in many businesses. To deal with a better changing world, managers uses these four phases in strategic management...	1 / 195
concept of fit The opportunity and threats as well as the strengths and weakness can be determined by performing a SWOT analysis. Adams (2005) stated that SWOT analysis can be used to gauge the degree of "fit" between the organization's strategies and its environment, and to suggest ways in which the organization can profit from strengths and opportunities and shield itself against weaknesses and threats It is worthwhile to indicate that environmental opportunities are only potential opportunities unless the organization can utilize resources to take advantage of them and until the strategic leader decides that it is appropriate to pursue the opportunity...	3 / 621
planning However, development of the strategic plan greatly helps to clarify the organization's plans and ensure that key leaders are all "on the same script". Far more important than the strategic plan document, is the strategic planning process itself...	2 / 297
Strategic Planning, Facilitation And Sony Corp. Assess the Situation; 3. Develop Strategies, Goals, and Objectives; 4. Identify specific approaches or strategies that must be implemented to reach each goal; 5...	1 / 273