Dear Clients and Friends,
With the end of the year approaching, now is an excellent time to review your 2023 income tax situation and take steps to ensure that you are taking full advantage of the many tax planning strategies available.
Before we get to specific suggestions, keep in mind that effective tax planning requires considering both this year and next year at a minimum. Without a multi-year outlook, you cannot be sure planning strategies intended to save taxes for 2023 will not backfire and cost additional money in the future.
Here are a few tax-saving ideas for you to consider. As always, you can call on us to help sort through the options and implement strategies that make sense for you.
Download our Year-End Tax Planning Letter for a few tax-saving ideas for you to consider. As always, do not hesitate to call us with questions or for additional strategies on reducing your tax liability. We would be glad to set up a planning meeting or assist you in any other way that we can.