Year-End Tax Planning Uncertainty = Tax Savings Certainty

摘要

Year-end tax planning can be quite simple: merely accelerate payments before the end of the tax year to reduce taxable income. However, to be really effective, not only for the current tax year but for years down the road, there is obviously more to it than that. But now is the best time to think about reducing the pressure washing operation's tax bill even lower than the point the economy may have driven it to. And, the best guarantee of consistently low tax bills this year, next year, and so-on down the road is tax planning. Tax planning is easy: the more tax deductions taken, the lower the pressure cleaning business' taxable income will be - at least for the current tax year. Or perhaps, ignoring potential tax deductions this year might mean significant savings in later years when profits - and tax bills - are higher.