The time to plan for next year is NOW!
For many people, once they get their taxes filed for the year, they put everything out of sight, out of mind until January rolls around again. While this is "a" strategy, we believe there is a better one.
For our current clients, we offer a free tax planning meeting at our office or via zoom, where we can discuss any changes that might have happened in the past year. Items such as a new job or a promotion, new baby, marriage, or any other situation are all changes that might impact your tax situation. Many people wait until their tax appointment to discuss this, however at that point it is often too late. By taking this "proactive" approach before the end of the year, there is still time to make changes that can, in some cases, dramatically decrease the tax liability for next year and save you a lot of money. Planning and implementing a strategy can make a huge difference.