Asset Tax Professionals Release Comprehensive Guide on 2023 Tax Reform for Free

Overview of the 2023 Tax Reform Guide

Beginning January 21, IU Consulting Group, based in Toshima, Tokyo, will make available a comprehensive guide exceeding 60 pages on the 2023 Tax Reform. This guide is specifically tailored for professionals engaged in asset taxation, including estate and business succession matters, who have collectively supported around 1,800 cases annually (over 7,500 to date).

The guide has been well-received for its intuitive diagrams, professionalism, and structured formats that separate individual and corporate sections.

Addressing the Challenges During Busy Tax Season

Tax professionals face a unique challenge during busy periods; the demand for comprehensive understanding often exceeds the available time. The 2023 tax reform presents numerous significant topics affecting all clients, including the potential lifting of the 1.03 million yen income tax barrier, changes to lifetime gifts, and tax-saving schemes. As such, tax advisors may find themselves struggling to thoroughly understand the reforms or prepare necessary materials for their clients.

To assist in this busy season, IU Consulting Group will release a user-friendly guide. This document is not a mere reading material but a practical tool aimed directly at easing the workload faced by professionals.

Features of the Guide

1. In-depth Knowledge from Asset Tax Specialists
Unlike generic summaries, this guide utilizes unique insights gained from IU's extensive sectors in estate and business succession. It covers crucial topics such as asset taxation and property evaluation in a straightforward manner. Notably, it dives into often overlooked areas like denial risks and practical judgment boundaries.

2. Two-Part Structure for Enhanced Usability
The guide is organized into two sections: corporate and individual. This allows users to quickly extract the relevant parts based on their clients' needs, streamlining the process significantly.

3. Visually Engaging Diagrams
The content is accompanied by full-color diagrams to ensure accurate understanding and communication of complex concepts, such as income tax thresholds and the evaluation methods for real estate used for loans and fractional real estate products. The diagram quality allows professionals to reuse them directly in presentations, significantly reducing preparation time.

Broad Applicability Beyond Tax Professionals

This resource is beneficial for more than just tax professionals; insurance agencies, financial consultants, and judicial scriveners can leverage the guide to bridge complex tax issues to their clients in relatable terms.

How to Access the Guide

Accessing this guide requires a free registration on IU Direct, a support platform specializing in estate and business succession. This will enable professionals from various fields to access the full suite of materials.

Upcoming Free Seminar

The guide will be utilized in an upcoming free seminar titled 'Explanation of the 2023 Tax Reform.' In this session, experienced tax advisors will delve into the crucial nuances and considerations not fully covered in the guide. Due to high demand, the application period has been extended from the 22nd to the 25th of the month.

Media Inquiries and Further Information

With more than 1,800 cases of support each year, IU Consulting Group is positioned to provide unique insights regarding the societal and financial implications of tax reforms. We welcome inquiries for interviews and contributions related to:

- Effects and future strategies following the reassessment of valuation for properties used for loans as applicable after 2027.
- Predictions surrounding the implications of adjustments to the 1.03 million yen income tax threshold and trends in asset taxation.
- Social challenges related to estate and property management in light of the expected increase in deaths by 2040.
- The inheritance tax burden and the transfer of residential assets due to rising real estate values affecting even typical households.

About IU Consulting Group

Since its establishment in 2013, IU Consulting Group has specialized in estate and business succession cases, accumulating over 7,500 successful supports. Known for having one of Japan's highest numbers of estate tax returns, the firm prides itself on delivering rapid and high-quality services across 14 domestic locations and 1 international office. Recently, the group's vision expanded, focusing on innovative services including external CFO support, IPO assistance, and facilitating overseas relocations.