On the Application of Accounting Treatment in Tax Planning 20

1) The choice of inventory valuation method.

The new enterprise income tax law stipulates that the cost calculation method of inventory used or sold by an enterprise can be selected from one of the first-in-first-out method, the weighted average method and the individual valuation method. Once the pricing method is selected, it cannot be changed at will.

In practice, if it is really necessary to change the first button of the valuation method, it can be reported to the competent tax authority for the record before the start of the next tax year. Small and medium-sized enterprises can choose the pricing method that can maximize the cost and adjust the cost to the highest level, which is conducive to reducing the tax base and reducing the tax burden of the enterprise. If prices continue to fall, the first-in-first-out method should be chosen to value the inventory of the enterprise.

For example, home appliances and automobile dealerships. In the case of fluctuations in prices, it is advisable to use the weighted average method to value inventories, so as to avoid the fluctuations in profits in each period, resulting in fluctuations in corporate profits, and to avoid the income tax payable from breaking through the threshold of low tax rates.

2) Selection of depreciation period and method of fixed assets.

1. Selection of depreciation period.

For enterprises in the early stage of establishment and enjoying preferential treatment of tax reduction and exemption, the depreciation period should be extended so that more depreciation can be deferred to the cost after the expiration of the tax reduction and exemption period, so as to achieve the purpose of tax saving. For enterprises that are in the normal production and operation period and do not enjoy preferential tax treatment, or enterprises that enjoy tax incentives but have a short period, the depreciation period should be shortened, the cost should be accelerated, the profits should be shifted back, and the time value of funds obtained in the deferred tax payment should be obtained.

2. Selection of depreciation method.

Most of the growing SMEs are enterprises that are rapidly upgrading their products with technological progress, and their fixed assets are in line with the provisions of the new enterprise income tax law, allowing them to shorten the depreciation period or adopt the method of accelerated depreciation. When there is no tax incentive for growing SMEs, they should choose the accelerated depreciation method to calculate depreciation (which should meet the conditions for adopting the accelerated depreciation method). Because the accelerated depreciation method can deduct more depreciation expenses in the initial stage of using fixed assets, increase costs and expenses, and reduce taxable income, enterprises can obtain the benefits of deferred tax payment.

3. Selection of bad debt loss treatment methods.

Under the conditions of market economy, credit sales behavior is the main way for growing small and medium-sized enterprises to carry out sales business, and a part of the accounts receivable caused by this cannot be recovered and form bad debts. The other is the allowance method. Considering the risk of bad debt losses, enterprises can make provision for bad debts to prevent inflated profits.

Slow-growing small and medium-sized enterprises should try their best to deduct bad debt losses by the allowance method when paying taxes, which can increase the deduction items in the current period and reduce the tax payable in the current period, so as to reduce the burden of enterprise income tax and achieve the purpose of tax planning. The amount of income tax payable calculated by the above two methods is the same, but due to the deferred payment of tax payable by the allowance method, the planning target of the time value of funds can still be obtained through tax planning.

Tax planning refers to minimizing the tax payable by taxpayers and improving taxpayers' tax efficiency through legal means.

The following is a brief introduction to the basic methods of tax planning.

1.Rational use of preferential tax policies: **In the tax policy, some preferential policies are usually introduced, such as tax reductions and exemptions, tax deductions, etc., and taxpayers can reduce their tax burden by understanding and making reasonable use of these policies.

2.Rational arrangement of the financial structure of the enterprise: The enterprise can achieve tax reduction through the adjustment of the financial structure. For example, transfer income with a high tax rate to a subsidiary or region with a low tax rate to reduce the overall tax burden.

3.Rational use of tax deferral: Tax deferral is the process of delaying the payment of taxes until the future, so that more cash flow can be obtained in the present. This can be achieved through the rational use of depreciation of fixed assets, amortization of intangible assets, etc.

4.Rational asset allocation: Asset allocation refers to the allocation of assets into different investment vehicles to achieve the best return on investment. By rationally planning asset allocation, the tax burden on investment income can be reduced.

5.Rational use of tax deductions: Taxpayers can reduce the tax payable by using tax deductions. For example, individuals can make reasonable use of housing loan interest, children's education and other exemptions and exemptions to reduce personal income tax.

6.Reasonable control of business location and business mode: Enterprises can reduce their tax burden by reasonably choosing their business location and business mode. For example, choose to do business in a region with less stringent tax policies, or choose the right way to do business, such as online sales.

7.Rational use of tax revenue to avoid tax risks: Taxpayers should understand and comply with tax laws to avoid illegal acts, and at the same time make reasonable use of tax planning tools to reduce tax risks.

The main techniques of tax planning and their basic principles and ideas are as follows:

Due to the different economic conditions and unbalanced development of various regions in China, various localities often regard taxation as a means to regulate economic operation and economic structure, so there are a large number of special provisions, preferential measures and related differential provisions in the tax law, which objectively causes differences in the tax burden of taxpayers of the same nature of taxation objects.

Therefore, taxpayers can also adopt various legal means to avoid the important and light, and choose the tax regulations that are beneficial to them to pay taxes, so that they can save tax costs.

Since tax planning is a pre-planned plan that complies with or does not violate the provisions of the tax law, in order to make the first search of tax planning successful, tax planners and taxpayers must have a thorough study of the tax law; At the same time, the successful implementation of tax planning also depends on the planner's clear thinking and technical proficiency.

The main methods for tax planning are to use the differences in the tax laws of the country to implement tax planning: tax planning by using the tax burden differences of enterprises with different economic natures, tax planning by using industry and regional tax differences, tax planning by using tax incentives for specific enterprises, and tax planning by using different provisions of tax payment links.

Introduction to Tax Planning:

The so-called tax planning refers to the planning of tax-related business and the production of a complete set of tax operation plans, so as to achieve the purpose of tax saving. The fundamental reason for any tax planning behavior is driven by economic interests, that is, economic agents pursue the maximization of their own economic interests.

Profit is equal to income minus costs (excluding taxes) and then minus taxes, under the condition of constant income, reduce the cost of expenses and tax expenses of enterprises or individuals, and obtain greater economic benefits. Obviously, taxation, as an expenditure item of production and business activities, should be as little as possible, no matter how fair and reasonable it is, it means that the direct economic interests of taxpayers are ruined and a loss.

The content of tax planning includes five aspects: tax avoidance, tax saving, avoiding "tax traps", pass-through planning and achieving zero risk. Tax planning has its inherent characteristics, which are mainly manifested in: the legitimacy of tax planning, the policy orientation of tax planning, the purpose of tax planning, the professionalism of tax planning and the timeliness of tax planning.

The main techniques of tax planning and their basic principles and ideas are briefly described as follows:

Although the state has done everything possible to create a fair and competitive tax environment. However, due to the different economic conditions and unbalanced development in various regions of China, various localities often regard taxation as a means to regulate economic operation and economic structure, so there are a large number of special provisions, preferential measures and differential provisions in the tax law, which objectively cause differences in the tax burden of taxpayers of the same nature.

Therefore, taxpayers can also adopt various legal means to avoid the important and light, and choose the tax regulations that are beneficial to themselves through operation, so as to save tax costs.

Since tax planning is a plan carried out in advance on the premise of complying with or not violating the provisions of the tax law, in order to make the tax planning successful, the tax planner and taxpayer must have a thorough study of the tax law; At the same time, the successful implementation of tax planning also depends on the planner's clear thinking and technical proficiency.

Using the differences stipulated in the tax laws of the country to implement tax planning Li Youtong talked about the differences in the tax laws of the country to implement tax planning, mainly including: using the tax differences of enterprises of different economic natures to implement tax planning, using the tax differences of industries and regions to implement tax planning, using the tax incentives of specific enterprises to implement tax planning, and using different provisions of tax payment links to carry out tax planning.