Study On The Impact Of Tax Planning On X Company’s Business Performance

Tax planning is an essential link in the daily financial management activities of enterprises,and an important means to improve the business performance of enterprises.It affects the smooth development of business activities and the acquisition of economic benefits.Almost every link of enterprise production and operation is related to tax.If all links are well prepared for tax payment,it can not only avoid tax risks,but also reduce the actual tax burden of enterprises and maximize the benefits of enterprises.However,small and medium-sized enterprises have a certain space for tax planning due to the lack of financial management personnel,lack of professional planning team and weak tax planning consciousness.Therefore,it is of important theoretical and practical value to design an appropriate tax planning scheme for small and medium-sized enterprises,analyze the changes of tax burden,financial indicators and non-financial indicators before and after tax planning,and then study the impact of tax planning on business performance.On the basis of literature review and guided by relevant concepts and theories,this paper introduces the production,operation and management of X Company,analyzes the financial statements and tax declaration data of X Company from 2019 to 2021 by means of investigation and analysis method,and finds that there is a certain space for tax planning.Based on this,based on financing,investment,production and operation activities,Design the planning strategy in line with the actual situation of X company.Comparative analysis method is used to compare the changes of tax burden,financial index and non-financial index of X Company before and after tax planning,expounding the impact on business performance,analyzing the overall effect of the implementation of tax planning strategy,and finally putting forward the safeguard measures for the effective implementation of tax planning of X Company.Through comparative analysis and empirical research,the conclusion is drawn:through tax planning,the capital structure of X company will be further optimized,the tax payable will be reduced,the operating revenue will increase,and the long-term development ability will be significantly improved,which indicates that tax planning can improve the business performance of the enterprise.At the same time,tax planning is a complex,professional and highly comprehensive work,which requires X Company to optimize its daily management and staffing to ensure the smooth implementation of the planning scheme.This requires X company to improve its professional level of finance in daily management,pay attention to changes in fiscal and tax policies,and establish a risk response and evaluation mechanism so as to better and more effectively implement the planning scheme.At the same time,the specific research content and suggestions can also provide reference for the tax planning of similar industries.