2017 Year-End Tax Planning Tips
Tax planning is rarely easy, but this year it is especially difficult due to the potential for
sweeping tax reforms.
Tax planning is rarely easy, but this year it is especially difficult due to the potential for
sweeping tax reforms.
Yesterday (November 2nd, 2017), Congress released a draft tax reform bill. Their goal is to have the final bill to President Trump by year-end.
InvestOhio is a tax credit that reduces dollar-for-dollar an individual’s Ohio personal income tax liability. The credit equals 10% of the amount the individual invests in a small business.
Tax reform has been a major topic of discussion in Washington, but it’s still unclear exactly what such legislation will include and whether it will be signed into law this year.
It’s summer, so you may understandably be tempted to forget all about your taxes when “the livin’ is easy,” as the Gershwin song goes. If you start your tax planning now, however, you may avoid an unpleasant tax surprise when you file next year.