November 28, 2017

2017 year end tax planning for individuals

Just as the daylight hours are getting shorter, so is the time for fine tuning any last-minute strategies to lower your 2017 tax bill. Often, the correct steps to take will depend on whether you see your income going up or down next year. If you’ve been following the news out of Washington, you probably […]

2017 year end tax planning for businesses

As the year draws to a close, it is important that we meet to calculate your business’s tax liability for 2017 so we can determine if additional actions are needed to reduce that liability. In addition, we need to ensure that enough estimated taxes have been paid to avoid any underpayment of estimated tax penalties. […]

Three Strategies for Handling Estimated Tax Payments

In today’s economy, many individuals are self-employed. Others generate income from interest, rent or dividends. If these circumstances sound familiar, you might be at risk of penalties if you don’t pay enough tax during the year through estimated tax payments and withholding. Here are three strategies to help avoid underpayment penalties: Know the minimum payment […]