What is a tax management plan?

[Good-Person]

There are many big businesses that tend to pay taxes. However, managing taxes could be a really big problem. This is where many people often struggle a lot. So, when it comes to tax management plan, what kind of management settings should a business use?

 

[Debashis]

A business should consider utilizing settings such as proper record-keeping, regular monitoring of tax obligations, implementing tax-saving strategies, staying updated on tax laws, seeking professional advice, and maintaining open communication with tax authorities.