Tax optimization

Tax optimization refers to the strategic planning of financial affairs to minimize tax liabilities while remaining compliant with the law. This involves making informed decisions about income, investments, and expenses to take advantage of deductions, credits, and tax-efficient accounts. For individuals and businesses, tax optimization may include timing income and expenses, selecting tax-advantaged accounts, or choosing investments that offer favorable tax treatment. The goal is to keep more money in your pocket by reducing the amount paid to tax authorities, ultimately enhancing financial outcomes without breaking legal regulations.