Don't forget to review our Year End Tax Planning Guides, for Businesses and Individuals!
Business tax planning is very complex. Careful planning involves more than just focusing on lowering taxes for the current and future years. How each potential tax saving opportunity affects the entire business must also be considered. In addition, planning for closely-held entities requires a delicate balance between planning for the business and planning for its owners.
Our 2013 Year End Tax Guide for Businesses cannot cover every tax-saving opportunity that may be available to you and your business. Because taxes are among your largest expenses, we urge you to meet with a tax professional. We can provide a comprehensive review of the tax-saving opportunities appropriate to your particular situation.
Click here to access the 2013 Year End Tax Guide For Businesses.
For Individuals, an annual physical examination is important for maintaining good health. Likewise, an annual financial examination that includes year-end tax planning can enhance your financial well-being. Your client service professional is available to help you achieve your tax and financial objectives.
Your 2013 year-end tax planning begins with a projection of your estimated income, deductions, and tax liability for 2013 and 2014. You should review actual amounts from 2012 to assist you with these projections. To the extent you can control the timing of income and deductions between 2013 and 2014, you should make decisions that will result in the lowest overall tax for both years.
Click here to access the 2013 Year End Tax Guide for Individuals.