With tax reform moving full speed ahead, there are a number of planning ideas to consider before we wrap up 2017.
The biggest push is to defer income and accelerate deductions before the end of the year. This is because there are significant savings that could be achieved when you consider the proposed tax rate change from 2017 to 2018.
These are a few general items to consider, more information will be coming soon when and if the tax bill gets signed. Click here to read the December 13 Tax Reform Update.
As an independent member of the BDO Alliance USA, the world's 5th largest accounting network, we are happy to share updates coming out of their national tax practice.
As always, if you have questions or want to know how planning should be tailored for your specific situation, please contact one of Kruggel Lawton's tax professionals. Simply select "Tax" from the service line dropdown menu on Kruggel Lawton's team directory to get connected.