End-of-Year Tax Planning

End-of-year tax planning is frequently wise.

You may be able to reduce estimated tax payments to avoid giving interest-free loans to Uncle Sam and free up capital for your own business. My most frequent end of year customers earned large windfalls from inheritances, stock options, or real estate sales.

This planning allows you to weigh investment decisions, including additional capital expenditures in businessand charity and retirement contributions for next year.

“Next to being shot at and missed, nothing is quite as satisfying as an income tax refund.” — F.J. Raymond