Most Important Tax Deadline of the Year... December 31st

Volume 9, Issue 2006

What comes to most people's minds when they start thinking about tax deadlines? Well, the infamous April 15^th, of course! Unfortunately, by the time April 15^th comes around, it is too late to take advantage of most tax planning strategies.

The majority of financial transactions affecting taxable income must be complete prior to year-end (December 31^st for most individuals and calendar-year entities). There are many tax saving strategies that can be implemented near year-end with a small amount of assistance from your trusted accountants at BSH. Some examples of transactions with which we can help you include the following:

Calculating employee / owner bonuses

Determining whether or not your business should make major asset purchases

Advising whether or not to sell appreciated or depreciated investments

Ensuring the timing of your charitable contributions maximizes tax savings

If you are interested in letting us help you with your year-end tax strategies, please contact us by December 1^st to schedule an appointment. We are eager to save you money!