Did you know? You could actually reduce your tax burden. Tax avoidance is the legitimate minimizing of taxes, using methods included in tax regulatory documents. Businesses avoid taxes by taking all legitimate deductions and by other means.
The word “avoid” in the definition sums it all up, finding a way in the tax code to avoid paying taxes is tax avoidance, not evasion. Getting a competent, honest tax expert can save you from going over the line to tax evasion.
Tax experts use knowledge and technicalities that allow a person or business to avoid the scope of a law or restriction without violating the law.
Because the tax law is so complex, savvy tax experts have found ways to lower taxes for their clients without breaking the law.