Simple Tax Planning Tips

Sometimes there’s a mystique around tax planning. People think there is some hidden magic. A strategy they don’t know about and way they can have their cake (income) and eat it too (low/no tax). The tax code is long and complicated to avoid things such as that. When it comes to tax planning you have to think big picture, long term and understand that saving tax might mean putting money to work for you in different facets. Our friend and colleague Carey Heyman put together a great year end tax planning article worth a read for those interested in tried and true methods of creating tax savings. Reach out to a CLA professional if you’d like to discuss these tips in greater detail.