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This was an arduous year for many, as the pandemic abruptly disrupted business operations and brought on a multitude of challenges for agencies everywhere. Many firms are re-visiting their business models for the New Year and focusing on a year-end tax planning strategy.
Planning a tax strategy as early as possible will enable management to make better informed decisions. Reviewing your firm’s year to date information along with projections for the remainder of the year will assist your selected team of professionals in developing a strong cash management strategy and will provide ways to ease your company’s personal tax liabilities.
– Vera Mittiga, Anchin, Block & Anchin LLP