Hard as it may be to believe, 2013 is already coming to an end. It may seem like you have time, but really it’s time to start planning for year-end. This means helping your clients with tax strategies and maximizing their tax efficiency.
For small businesses, every penny counts in terms of reducing costs, and taxes are a big part of that. You’ll want to be proactive in talking to small business owners about what they can do to reduce that tax bill.
I’ll leave it to you to figure out where your clients can find extra deductions, but with the uncertainty swirling around health care reform, it’s important you give them as clear a picture as possible.
What are small business owners’ options and what are the possible tax implications? How can they best prepare themselves? Is the IRS cracking down in certain areas? Start talking about it now.