Planning topics to review
Effective planning starts with facts: current-year income, withholding, estimates, business profit, payroll, retirement plans, deductions, and major life or business changes.
For business owners
Clean books make planning more useful. Owner compensation, distributions, contractor treatment, and estimated taxes are easier to discuss when records are current.
For individuals and families
Planning may include investment income, multi-state issues, stock compensation, rental activity, charitable giving, education credits, and estimated payments.