Plan Now to Lower Taxes!
How much income and expenses do you have? This is the start of the information needed for year-end tax planning.
If your income is too high for the year you will need to increase expenses. For example, you can pay expenses early, buy equipment, make an extra contribution to an employee benefit plan, pay bonuses early and accellerate rents and other payments due in January and February.
You can also control income. To boost income, you might want to acccelerate the collection of receivables. Or, if your income is too high, simply avoid billing in December to push receivables into the next tax year.
Please see http://www.taxesq.com or call Ronald J. Cappuccio, J.D., LL.M. (Tax) at (856) 665-2121.