End the Year Right- Tax Planning

Step 3 in the End-of-Year Playbook is Tax Planning.

The majority of people thing about taxes just one time a year.  As a result they lose the chance to make any meaningful changes to help their situation.  It’s smart to have a meeting with your accountant before the year comes to a close so you can follow any advice while it still matters for 2017.

For example, if after organizing your books, you realize that you’ll have a larger than expected profit this year, consider purchasing that new machine or computer you’ve been eye balling.  By all means, see where you stand with your estimated tax payments for the year and get caught up if behind.

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