Most people either don’t do any advanced planning or they wait until the last minute to try and do something about reducing their taxes. Advanced tax planning is the process of projecting your tax liability ahead of time, and reviewing your situation to uncover tax minimization strategies that can reduce your current or future tax liabilities.
By planning ahead and being proactive, you open a plethora of options to reduce your taxes. Many options are not available to you when the time comes to actually file your tax returns. So the 3 Reasons You Should Prioritize Tax Planning are as follows:
TAX TIP […]