Our Blog

Tag: Tax Planning Schaumburg

Year-End Tax Planning Strategies for Businesses

There are a number of end of year tax planning strategies that businesses can use to reduce their tax burden for 2017. Here are a few of them: Deferring Income Businesses using the cash method of accounting can defer income into 2018 by delaying end-of-year invoices, so payment is not received until 2018. Businesses using the accrual method can defer income by postponing delivery of goods or services until January 2018. Purchase New Business Equipment […]