Although you can’t avoid taxes, you can take steps to minimize them. This requires proactive tax planning — estimating your tax liability, looking for ways to reduce it and taking timely action.

To help you identify strategies that might work for you, we’re pleased to present this tax planning guide. It provides a refresher on some of the most significant changes that generally went into effect last year under the Tax Cuts and Jobs Act (TCJA) — and their potential impact on tax planning. We invite you to look through it and note the sections that apply to your situation. Then let us know if you have any questions about what the guide covers.

Understanding the ins and outs of the TCJA and determining which steps to take isn’t easy. That’s why it’s important to work with an advisor who understands its complexities and is familiar with all the ways you can save tax.

We can provide the advice you need. Please contact us at your earliest convenience to discuss how we can help you develop a tax plan for 2019 and beyond.

But don’t wait until filing time! Most tax reduction strategies must be implemented by Dec. 31 — and some earlier. So the sooner you call, the better.

Click here to view the 2019-2020 Tax Planning Guide