This could also be the last opportunity for companies to enhance tax efficiencies. Legitimate tax-efficient ideas could be carried out in various forms. The ideal result of tax planning is obviously the elimination of tax altogether. At times, this is not possible. Hence, tax reduction would be the next best thing.
WITH Covid-19, no economy is spared. The road to recovery will be long and winding, and this year-end festivities would not be the same.
As Dec 31 draws nearer, finance personnel will be rushing to close accounts, key people in the business development division will be presenting their business plan for the following year, the procurement team will be preparing the plan for capital expenditure and inventories.
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