200 WordsAPA formatted referencesDue: May 10th 2:00Your managing director asks if you can...

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200 WordsAPA formatted referencesDue: May 10th 2:00Your managing director asks if you can participate in a seminar that the firm 
is doing on Tax Efficient Financial Planning. He would like you to send him the 
various methods clients often use to reduce taxes.
Prepare a memo to the MD that explains the following:

Minimize income tax
Minimize capital gains tax
Minimize estate tax

Robert · Accepted Answer

MEMO 
To  
The Managing Director 
Name of the Company
Subject: Tax Efficient Financial Planning
Dear Sir,
This is in response to the various methods of reducing taxes as seek by you and would try my 
best to explain the various methods and the ways to reduce the tax.
There are generally three ways to reduce taxes i.e. minimizing income tax, minimizing capital 
gains tax, and minimizing estate tax. The following paragraph will explain how we can 
reduce the taxes: -
 Minimizing Income Tax: Every corporation has to pay taxes on its profits and thus 
they are bound by the taxation authorities on such tax payment. There are various 
ways and methods where the taxpayers can benefit on paying fewer taxes as opposed 
to paying normal or regular taxes. There are means such as deducting the fees paid for 
preparing the tax returns, personal legal bills are also good way to reduce taxes, then 
we have charitable mileage which is a way to reduce taxes,

200 WordsAPA formatted referencesDue: May 10th 2:00 Your managing director asks if you can participate in a seminar that the firm is doing on Tax Efficient Financial Planning. He would like you to...

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