End-of-year Tax Planning

End-of-year tax planning is an essential element of every efficiently run household and business. You do not want to leave anything on the table that will be gobbled up by the various taxing agencies, if you can help it.

There might be ways to sell stocks that are either at a big gain when you have old capital loss carryovers that can be used or you can sell stocks that have lost quite a bit a money, to help minimize other gains you might have. Remember that only the net of $3,000.00 of capital loss can be claimed on the tax return in any given year. Come in so we can discuss the net.

Charitable contributions can be reviewed. You may want to pay ahead or slow down 'til next year to maximize the deductiions available or make the contributions in the future when the tax rates will be higher. Oh thank heaven for Mr. Barack Obama's tax and spend agenda. :)

You can start a home-based business, whether it is simply an online store, MLM, or some other personal services business.  We have the resources available to help you do it right.

There are many other strategies and planning tools that can be reviewed and be implemented now or for next year.

We can review your goals for the kids braces, their educations, or your lasik eye surgeries, etc. and find ways for them to become deductible.

Everything we do is designed for all of us to sleep right.