It’s hard to believe, but 2015 is quickly coming to a close. In the midst of holiday busyness, family time and hoping for no significant weather changes, it’s important to take the opportunity to do some year-end planning, especially regarding your taxes.
“But it’s not even close to April 15! I don’t want to think about my taxes,” you say. While it might not be your favorite thing on the to do list, here are a few reasons why it’s important to look at tax planning early:
Keep up to date. Tax legislation is constantly changing. By keeping up to date on legislation, you can incorporate current and future tax law changes into your current tax planning.
Start now and keep planning. Year-end planning is always important. However, the best opportunities to save or defer taxes come when you understand the effect of transactions that can happen over multiple years. Couple this with your knowledge of current and future tax changes and you will be well on your way to tax planning.
You don’t have to know it all. Check out our 2015 Tax Planning Guide, which discusses current tax law and steps you can take to minimize your taxes. Download the guide.
Want to know more? Feel free to reach out any time. Taxes might not be your favorite thing, but guess what, it’s one of ours.