5 tax tips for year-round planning

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5 tax tips for year-round planning
Tax planning is not a once-a-year activity.
Thoughtful business tax planning year-round can
help you lower your tax liabilities come April.
Think about engaging with your tax and financial
experts to do an income tax projection before
tax season. The only easiest way to lower your
income tax liability is to reduce your taxable
income. Following are ways to plan for tax season
throughout the year so you will be in good shape
when you file. Do an income tax projection to
prevent shocks at tax time Minimize capital
profits tax on investments Find methods to reduce
income tax Re-examine your charitable giving
Work with a financial professional