End of Year Tax Planning

This is the perfect time to update your personal and company financial records and to sit down with your tax professional for a year-end strategy session.  You will be in a better position to see if you can pay into a retirement plan, or buy that equipment you need for your business and do year-end tax planning.  This will help you understand the tax position for your company and yourself now.  If you are a partner or member of a company/corporation you need to plan for tax consequences of the level of profitability of the company.  I urge you to be prepared.   Get your records up to date NOW!  Make the appointment with your tax professional.  You will not stress if you are in the know and have a plan!

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