For everything there is a season - tax planning season is here!
October 30, 2015
If for everything there is a season, then November is planning season. In my practice, November is the time in which I begin planning how I want my next tax season to go. In fact, I'll spend much of this week at a conference learning about the upcoming rule changes and more. When I'm out of the office for a few days, it becomes remarkably easier to think about the buisness I want instead of focusing on the day-to-day. Sound familiar?
To that end, I have two thoughts for you today. Consider this your invitation to set up some tax planning time. At this time of the year, we can make changes. We can purchase equipment. We can make a charitable contribution. At a minimum, we can begin planning for a tax bill, if we determine one is imminent. Once the ball drops in NYC, outside of a retirement plan contribution, we are pretty much in mitigation mode. Let's be proactive - so if you'd like a tax planning session, let's make that happen and schedule some consulting time.
My other thought for you - as we enter the weight gaining season between Halloween, Thanksgiving and Christmas - I'm sorry - as we enter fourth quarter - let's start planning for 2016. How would you like the next year to unfold for you? Setting a vision is step one. Creating points of action is step two. Then it becomes execution. As I'm taking a few days out of the office to plan - I encourage you to do the same. Planning doesn't require a 100 page powerpoint - but jotting some thoughts down - planning on how to do it - are all part of the way forward.