Tax planning is year-round

Tax planning is all year long.

And it's applicable whether you are an employee, small business owner, or both.

So many taxpayers think about their taxes, and their cost or savings, at tax-filing time, which can be too late for certain tax-saving strategies.

Tax filing time for 2024 starts at the beginning of 2025 and can continue through October if a timely extension is filed.

The time to consider utilizing tax savings strategies is during 2024, not after the tax year already closes.

In truth, tax saving strategies should be considered before the tax year even begins so that everything is lined up beforehand and the savings can be applied for the complete tax year 2024.

Reach out to your accountant to see if there are any tax savings strategies you can implement for tax year 2024!

Have a question about this or another tax-related matter? Feel free to reach out!

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