Tax Planning, Tax Shelter, Tax Year, Team Management




Tax Planning, Tax Shelter, Tax Year, Team Management :




Tax Planning : The analysis of tax structure and investments possibilities in order to plan ones finances so as to minimise taxes



Tax Shelter : An investment that grants tax credits or deductions that can offset other income thereby providing shelter from the taxes



Tax Year : A continuous period of twelve months for which the tax is calculated for the people of the organisation at the end of the period : Usually it is taken as the calendar year, although a company may decide to adhere to a fiscal year that may begin at any time but that would not change from year to year



Team Management : A method for administrating a project that delegates the power of taking decisions in the hands of a few individuals who specialise in different areas that compliment each other and that are essential for the project. Such a system proves to be helpful in developing and implementing a marketing plan for a new product or in setting up a new plant or production line




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