Year-end tax planning is especially challenging this year because Congress has yet to act on a host of tax breaks that expired at the end of 2013. Some of these tax breaks may be retroactively reinstated and extended, but Congress may not decide the fate of these tax breaks until the very end of this year (and, possibly, not until next year).
Please read these year end tax savings ideas for individuals and business owners and contact our office to discuss your specific situation.
Dean R. Holland, CPA
President, Holland & Company CPAs