Many of us saw the first snow of the year and are enjoying a snow day. As you look out at the melting snow, remember that along with this fresh blanket of white that taxes in 2018 will also change the taxation landscape for the year.
Now that the tax bill has passed, you will have new rules to determine your tax liabilities. For some this will mean keeping more of your earnings, for others it will mean less. In either case, you will have to prepare for the new tax structure and rather than waiting until you file your taxes, January is a good time to talk with your accountant or CPA.
As you go into the new year, find out what changes you want to make in light of the new regulations. By preparing now you may be able to save when tax time arrives. This is one of the best reasons to have a CPA as he or she is able to assist with this planning and establish new habits for the coming year.
For those of you who need this service, consider Les Merritt who has been taking care of tax clients for over 25 years. He is professional and cares about his clients and their financial welfare. Talk with Les so that you are ahead of the game in January so that when the impact of the tax bill arrive you are ready.
So as you consider snow white and the new tax bill, call Les at (919) 269-8553 and set an appointment to talk about how you and your business will fare with the changes that the bill will bring.