Tax Savings Strategies
Some of the more important strategies that should be considered include:
Paying taxes in a timely manner to avoid exorbitant fines and interest charges.
Deferring income to a less profitable year.
Utilizing pensions and other tax-advantaged accounts.
Dividing income among several family members
Tax consequences of gift-giving.
The Bottom Line
An tax professional should look out for your best interests and not just make the minimum effort to satisfy the Internal Revenue Service. A good one can save you far more in reduces tax liabilities than their fees. In addition, they will save you time, aggravation and help represent you if you are forced to deal with the tax man. Contact us to help you start your tax planning today.