Clocks Turned Back?
Now is the time for some
Year End Tax Planning!

Hopefully you enjoyed that extra hour of sleep yesterday. We wanted to remind you of some year end planning tasks that you may want/need to consider before the rest of the year slips away. Please let us know if we can help with any of the following:

• Check your Withholdings: Let us review a recent paystub to avoid any surprise tax bills this spring. We can still make some adjustments for the remaining paychecks this year and start next year out right. The IRS also has a new Withholding Estimator here if you'd like to give it a go on your own.
• Year End Business Planning: Send your accountant an estimate of income and expenses (as well as paystubs) and we can both estimate your impending tax liability and discuss options to limit the burden.
• Discuss Possible Changes for 2020: Now is a great time to discuss if you should be considering a change in entity type and/or making adjustments to retirement, health and other pre-tax accounts.

Contact Us if you'd like to do some Year End Tax Planning. Email your accountant to do some remote tax planning OR visit our website to schedule an in person consult. We'd love to review your year thus far and discuss tax saving strategies for both the remainder of 2019 as well as starting off 2020 right.*

If you've made any big purchases for your business or rental properties (especially commercial property purchases/improvements), or are considering doing so either this year or early next year, we'd love to discuss how both the purchase itself and/or its timing could best help you. The new tax law changes a lot of depreciation rules and allows for added options to expense big asset purchases. 

Contact Us if you want to discuss how asset purchases may affect you and/or need some help deciding on timing of said purchases as end of year approaches.*

Each year you need to file a renewal to keep your Secretary of State filing in good standing. Search for your Business Name here and then click on Details and then on the File Amendment/Renewal Button. You'll then need to log in and verify all your contact details and submit renewal. It's free as long as you remember to do it each year by year end. There is a small fee if you let it expire and need to reinstate an inactive filing.