Tax planning is good for corporations too
Mitchell & Nemitz, PA
November 16, 2015
If you own a calendar-year corporation, you can benefit from planning moves you make before December 31. For example, corporations can accelerate or defer income or deductions to stay within a certain tax bracket. You'll also want to look at your corporate alternative minimum tax exposure to determine whether you qualify for an exception to the tax. Finally, reviewing estimated tax payments can save penalties. Call us for more business planning strategies.