Tax and financial planning in realization of the same end "to maximize profits"

Abstract

Tax planning is an important concept for the optimization of the tax burden in Colombia, this type of well-structured planning allows the company from any sector controlled and reduced in a legal way the burden of taxation, without falling into desperate evasion methods or avoidance, this decrease legal plan and achieves a net profit optimization that benefits business partners. At another point, is financial planning, to determine future cash flows, projected financial statements, indicators, optimizing capital, external financing and projection of potential profits, with all these concepts is planned to establish a business and plan the future financial theory and practice is what determines whether or not the company can continue its business and commercial activities, it should be noted that a corporation is designed and structured to generate profits.

In the economic world there are separate corporate financial planning and tax planning, since each apparently have different purposes but in reality pursued in one way or another to maximize profits and keep the company afloat, one with respect to their financial and liquidity more accurately and the other on the impact of taxes. You could say that each of these contributes to the maximization of value concept that seeks a stay in time and greater value of the shares of the company, or recovery actions for the quality of profit.

An optimal structure of tax and financial planning should be the formula that ensures the greatest maximization of profits of an enterprise, such as beginning from one form or another since the early planning, tax and finance organization we projected into the future, it is important not to neglect constant monitoring of changes in state policies and macroeconomic directly or indirectly affect the profits of the company.