There is Still Time to Minimize Your 2019 Taxes!

We have worked with several of our clients to set up tax minimization plans which have saved them thousands of dollars.  As the year-end approaches, many strategies are no longer a good option, but there is still time to set up your “MICRO Tax Minimization Plan” which will certainly minimize your taxes and possibly eliminate your fourth quarter tax estimate.

This video will help you understand the difference between tax minimization planning and forecasting your tax liability:

Final thoughts

It can be tempting to just wait until it’s time to gather your paper work for your actual tax appointment, but by then several opportunities will no longer be available for 2019. You will still be able to establish a full plan for 2020 so even if 2019 is a bust, don’t wait too long for your 2020 opportunity.

If you’re unsure if you even qualify, schedule an appoint with us to find out if a Micro Tax Minimization Plan is right for you. We can:

  • answer your specific questions
  • ask you questions which highlight potential opportunities
  • help you identify options that may still apply for 2019
  • set up an accountable plan
  • evaluate your business entity
  • discuss income shifting opportunities
  • discuss deduction bunching

Our team continues learning new skills and reviews opportunities for tax saving strategies under the new law, the TCJA to bring added value to our client meetings, and we’ve been doing this for over 25 years.

If you need help with your accounting, want to create a tax minimization plan, want to discuss your business growth plan or your finances, are concerned about retirement goals or need to be held accountable for your 90 day action plan, contact us for a complimentary discovery session or an appointment to just get started.

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