Dear Clients and Friends,
As 2017 begins, the odds of comprehensive tax reform look promising. Individual, business, and estate tax rules could undergo major changes for the first time in 30 years. The Affordable Care Act will likely be revised in ways that affect information filing requirements, payment of penalties, and fringe benefits. While a proposed plan for reform exists, the extent, timing, and details will be subject to debate and discussion.
Whatever changes are coming, a new year and new tax legislation always provide fresh opportunities for tax planning. Keeping up may feel like a challenge, but a focus on the aspects you can control will help you stay on the right financial path.
Your goal, as always, is to minimize your taxes and keep more of your hard-earned money. This New Year Letter is a reminder of our commitment to help you do just that. We hope you find the Letter informative and helpful. Please contact us if we can assist you in your planning and in meeting your tax filing obligations.