End of Year Tax Planning Tips:

The holidays can be a busy time of year and before we know it it’s JANUARY!  When I meet with tax clients during tax season for a consultation they sometimes forget the year end opportunities to save on their tax burden. Here are just a couple of tips:

  1. Make charitable contributions either with cash or  goods.
  2. Meet with your CPA to discuss the need to make the fourth estimated payment due by January 15th.
  3. Purchase much needed  equipment for your business and take advantage of Section 179 Depreciation.
  4. Best advice prepare your records  and set up an appointment with your CPA early.