It is time for year-end tax planning. This should be started in November, not late December. The following are some of the issues that should be discussed with your advisor.
Each of these categories have several tax planning techniques that can be implemented. One must consider the business and economic impact of them in addition to the tax savings.
Also, have your advisor prepare a tax projection for 2014 and illustrate the impact of the planning techniques.
Get on it as soon as you can.
DISNEY and TAXES
I am off to Orlando for a great tax conference. I can’t wait. I am like a kid heading to Disney World. In fact, Cammy and Patrick, our two oldest grandkids, are coming along. Disney at night and on the weekend. I refuse to skip out of the conference. It is going to be a good week.