THE ROLE OF CONSULTING COMPANIES IN PROVIDING EFFECTIVE TAX PLANNING FOR SMALL AND MEDIUM-SIZED BUSINESSES
Abstract
The purpose of the article is to investigate the role of consulting companies in providing effective tax planning for small and medium-sized businesses in the context of increasing the effectiveness of tax planning and ensuring the financial stability of enterprises. The modern business environment is characterized by constant changes in tax legislation, which creates significant challenges for entrepreneurs. In this regard, effective tax planning becomes a critical element for the financial stability and growth of small and medium-sized businesses. Consulting companies, thanks to their experience and specialized knowledge, can provide businesses with the necessary support to optimize tax obligations and minimize risks. The relevance of the topic is due to the growing complexity of tax legislation and the need to adapt businesses to new conditions, which requires professional assistance in tax planning. To achieve the goal, the article uses several research methods. In particular, the analysis of literary sources made it possible to develop modern theoretical approaches to tax planning and the role of consulting companies in this process. In addition, case study methods were used, which allow demonstrating practical examples of successful cooperation between small and medium-sized businesses and consulting firms. The analysis of the obtained data was carried out using qualitative and quantitative methods, which made it possible to identify the main trends of the market. The study showed that using the services of consulting companies significantly increases the efficiency of tax planning for small and medium-sized businesses. In particular, entrepreneurs who cooperate with consulting firms were able to optimize their tax expenses by 15-20% compared to those who do not use such services. The practical value of the article lies in the formation of recommendations for small and medium-sized businesses regarding the effective use of consulting services in the field of tax planning. The research findings can be used by entrepreneurs to make informed decisions when choosing consulting companies and forming a strategy for cooperation with them.
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