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Category Archives: Tax Planning

The 3 Most Effective Tax Planning Strategies for Small and Medium Scale Businesses

The prime focus of tax planning is to arrange one’s financial activities for the year in such a way so that the lowest possible amount for tax payment is incurred. Undoubtedly, the most difficult time for small and medium enterprise owners is the tax season in which they have to pay a taxable amount on

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10 Most Tax-Friendly States in the U.S and 10 Least Tax-Friendly States in the U.S.

1. Delaware State income tax: 2.2%-6.6% State sales tax: None Gas taxes and fees: $0.23 per gallon (National average is $0.31) 2. Wyoming State income tax: None State sales tax: 4% Gas taxes and fees: $0.24 per gallon 3. Louisiana State income tax: 2%-6% State sales tax: 4% Gas taxes and fees: $0.20 per gallon 4. Mississippi State income tax: 3%-5% State sales tax: 7% Gas

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