Many strategies to reduce your 2017 tax liability will expire on 12/31/17. It is crucial to review your tax situation prior to the end of the year and implement any potential tax savings measures while you still have the ability to do so. As a business owner there are a myriad of potential planning strategies available. Below are a few of the most common.
We have also posted a Year End Tax Planning For Individuals article that you can review in conjunction with this article.
This is general information and a brief summarization of complicated tax issues which are often subject to many exclusions and limitations. We make every effort to verify the accuracy of all information but we do not guarantee or warranty advice disseminated over the internet. Please give us a call to discuss potential strategies and ensure they make sense for your specific situation.
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