Year-end
Tax Management
There is still time to take
a look at your potential tax obligation and make moves to reduce your tax
burden. Here is a checklist of ten things to consider:
- Review investments and decide whether to sell any holdings
- Consider donating appreciated stock versus writing a check to your favorite charity
- Estimate your tax liability and make any required estimated tax payments
- Make any final retirement plan contributions
- Consider making any final gifts to meet your annual gift giving limits
- Review your charitable giving and make any donations of cash and non-cash items prior to year-end
- Make sure you have taken your minimum required retirement plan distributions
- Small businesses should consider final capital decisions in light of 100% bonus depreciation and Section 179 expensing options
- Self-employed and small businesses organized as S-Corporations and LLC/LLP's should review compensation and make any last minute adjustments
- Start organizing your tax records
Compliments of VXL Services, a Business Consulting
Services Company that provides Tax Planning and Tax return preparation to
Individuals across US. Please contact Prakash Iyer CPA
We also provide Accounting, Tax, Payroll, Consulting and
Company Incorporation Services to Start ups, Small and Medium Sized companies
across US. If you have any questions please contact us at (732) 983 – 4150 or
visit us at www.vxlservices.com
for all the various Business Packages that we have to offer.
