Americans think of doing their taxes as a daunting task that takes place every 12 months. Reactions range from shock about the amount owed to joy over spending a refund. Most of us want to forget about tax season the minute our returns are filed. Just because tax season is over, however, doesn’t mean you should forget about taxes until next year. Now is the time to start planning.
In this article written by Kevin McNab and published in ColoradoBiz Magazine, Kevin explores ideas and considerations to start planning for this year’s taxes. Business owners have a wide array of options while employees in big corporate America must plan in advance the amount to put in their 401(k)s. While many American will scramble to make contributions to IRAs and miss out on opportunities to create deductions at the tax deadline, now is the time to start planning how your investments can avoid and create tax benefits…READ MORE!