Compare tax options before year-end
Help me compare year-end tax options in Mexico using summarized information about my business. Start with its actual needs and separate effects that can be verified from those that depend on assumptions or professional review.
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DATA:
- Tax year and review date:
- Pending decisions and business objective:
- Available cash and committed payments:
- Type:
- Regime:
- Main activity:
- Tax region or state where the taxpayer operates:
- Estimated income for the fiscal year: $ MXN
- Estimated profit before taxes: $ MXN
- Estimated ISR payable: $ MXN
- Main deductions already made:
- Investment projects for next year?:
- Accumulated tax losses?: (amount: $ MXN)
- Roles participating in implementation:
Develop:
1. Questions needed to evaluate the decisions and confirm the regime and rules applicable to the tax year.
2. Options related to those decisions, including keeping the current arrangement. Do not recommend purchases or spending solely to obtain a deduction.
3. For each option, verified requirements and official sources, cash outlay, effect on available cash and the period in which a tax effect might arise. Do not assume every option must or can be completed before December 31.
4. A numerical comparison when enough data is available: total cost, possible change in tax and assumptions. Distinguish a tax reduction from a deferral; do not confuse the deductible amount with the saving or add incompatible benefits together.
5. Points my accountant or lawyer should review before I decide. Exclude proposals that depend on fictitious transactions, false dates or records that do not reflect what happened.
6. Steps for a viable option, with responsibility assigned by role and dates supported by the facts. Separate verified legal deadlines from proposed internal dates and leave unverified points pending.