Advanced Tax Planning Strategies and Management Course

Course Objectives
Upon completing this course successfully, participants will be able to:
• Learn how to prepare tax accounts and file taxes
• Gain useful awareness into the numerous techniques and methods involved in Tax Planning
• Differentiate distinctly between Tax Avoidance, Tax Aversion, and Tax Planning
• Practice with various tools of Tax Planning and recognise which ones would be suitable in various situations
• Understand why tax planning, control, and management are all an equal part of the process
• Gain practical insight by reading case studies and participating in discussions with professionals in the field of taxation
• Evaluate various strategies to make taxation laws work in your favour
Course Outline
Introduction
• Tax Structure
• Overview of Income Tax Law
• The Need for Different Slab Rates
Tax definitions and filing
• Definitions
• Steps in Planning
• Income Tax Returns
How the Tax System Works
• How the Tax System Works for Individuals
• How the Tax System Works for Businesses
• Calculating Taxable Income
• Maximising Deductions
• Tax Credits
Tax planning & STRATEGIES
• Introduction to Tax Planning
• Real Estate
• Securities
• Retirement Accounts
• Small Business
Tax reform
• Tax Reform – The Impulse
• Tax Reform- Individuals
• Tax Reform – Businesses
Tax Planning and Exemptions
• Introduction to Tax Planning and Exemptions
• Tax Planning, Tax Evasion and Tax Management
• Difference Between Tax Planning and Tax Management
• Objectives, Types and Area of Tax Planning
• Tax Planning from Employers Point of View
Agriculture Income and Exemptions
• 5 Heads of Income
• Agricultural Income
• Exemptions
• Revision of Agriculture Income and Exemptions
Income from House Property
• House Property – Taxability Conditions
• Composite Rent
• House Property
• Gross Annual Value
• Deduction from Income from House Property
• Important Points
• Revision of Income from House Property
Income from Other Sources
• Introduction Income from Other Sources
• Learning Objectives of Income from Other Sources
• Deductions Not Allowed
• Taxation of Gifts Received
• Numerical
• Revision of Income from Other Sources
Clubbing of Income and Capital Gains
• Capital Assets and Transfer
• Capital Gains
• Examples of Capital Gains
• Revision of Capital Gains
• Clubbing of Income and Capital Gains
Tax Saving Strategies & Explanations
• Maximise Deductions
o Home Office
o Travel Expenses
o Meal Categories
o Hiring Children & Grandparents
o Maximise Depreciation
o Health Care Strategies
o Fringe Benefits
o Accountable Plans
o Medical Reimbursement Plan
o Home Administrative Office
• Legal Entity Optimisation
• Retirement Planning
o Profit-sharing Retirement Plan
o Cash Balance Plan
o Self-Directed Retirement Funds
o Defined Benefit Plans
• Insurance Captive Insurance
• Niche Strategies
o 1031 Exchange
o Cost Segregation
o Passive Real Estate Losses
o FICA Tip Credit
o Research & Development Tax Credit
o Self Employed Health Insurance Premium Credit
o Work Opportunity Tax Credit
• Advanced Strategies
o Deferred Compensation
o Tax Loss Harvesting (Investments)
o Cooperatives
HOW You CAN Charge For Tax Planning
• Business Owners vs. Individuals
• Defining Key Areas of Opportunity
• Analyse A Return for Tax Savings
• Estimated Savings Calculation
• Start the Research Process
• Lead Generation for Tax Plans
• The Service Delivery Model
Tax Planning – Build & Scale A Profitable Business
• Planning vs. Preparation vs. Implementation
• There’s Always More to Save
• The Business Model of Tax Planning
• Scaling A Tax Planning Business
• Your Career History
• Pricing
• The Math
• How Big Do Clients Need to Be
• Big Tax Plans or Small
Deductions and Tax Planning
• Deductions and Tax Planning
• Revision of Deductions
• How to Charge for Tax Planning
• Defining & Utilising Proactive Tax Planning Considerations
• Determining the Right Entity Selection
• Crafting Compelling Tax Planning Email Messaging
• Niche-Specific Strategies
• Providing the Estimated Tax Savings in the First Appointment (minus the return)

Methodology
The training methodology integrates lectures, interactive discussions, collaborative group exercises, and illustrative examples. Participants will acquire a blend of theoretical insights and hands-on practical experience, emphasizing the application of learned techniques. This approach ensures that attendees return to their professional environments equipped with both the competence and self-assurance to effectively implement the acquired skills in their responsibilities.
DATE:
1ST BATCH: 4th – 7th Feb, 2025
2ND BATCH: 8th – 11th July, 2025