Our office will be closing at noon on Thursday, July 2nd for the holiday weekend. We will be back in the office at 8am on Monday, July 6th.
Tax planning is good for corporations too
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.