As you know, our tax laws change every year. It is an unfortunate fact of life that taxes affect almost every financial decision. Therefore, the effect of taxes plays an important part in financial planning. We stay abreast of tax changes and will automatically consider the tax impact of any recommendation.
Tax planning done sometime before the end of the year can be very important in lowering your tax bill, especially if you own a business, or if this year will be an unusual year for you in terms of income or deductions. Don’t wait until April 15th to find out that you owe more taxes than you expected for the prior year. At that point it’s generally too late to do anything about it.