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Posts Tagged ‘tax deduction’

Out with the old. In with the new!

Wednesday, December 20th, 2017

It is less than two weeks until the end of 2017. To me, this year just flew by. While this does not seem like a lot of time, especially with all the busy holiday activities, you can still take positive actions to end your year right and get a head start on 2018. Here are seven tips that I am taking to heart:

Don’t wait until Dec. 31 to check your financials.

Do you need to follow up on any late invoices if you want the income to be in 2017? Do you need to defer the income until 2018? Do you need to make any expenditures by year end? What tax consequences should you be aware of? A quick call or email to your accountant could make a difference, particularly as we are unsure of the new tax plan.

If you do not have a giving plan in place, consider starting one before the end of the year.

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