Mindset for Tax and Business Planning – Belk on Business – Episode 194
- The planning process shouldn’t be in a vacuum
- All planning should begin with keeping the mission and purpose as preeminent
- The tax system is built to get taxpayers to act in certain ways by rewarding and punishing certain behaviors
- Don’t blindly follow what others are selling or doing when it comes to planning.
- Ask if the plannings help protect the business financially, legally and culturally
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