Tax Planning

Tax Planning

Tax planning is very important if one wishes to avoid surprises at the end of the tax year.  Generally, taxpayers of any income level should plan to meet with their tax professional early in the tax year to develop a strategy which minimizes or mitigates tax outflows throughout the year.  Not meeting with a tax professional may lead to difficult challenges at the end of the year after it’s too late to address individual tax incidents which might otherwise been anticipated had a sound tax strategy been developed and implemented earlier in the year.