November 30, 2015
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:
- Make charitable contributions either with cash or goods.
- Meet with your CPA to discuss the need to make the fourth estimated payment due by January 15th.
- Purchase much needed equipment for your business and take advantage of Section 179 Depreciation.
- Best advice prepare your records and set up an appointment with your CPA early.