Tax planning is important to small business owners and December is your last chance to plan for your 2009 taxes.
Small business owners should meet with their accountant throughout the year in order to ensure that they are ready to file their 2009 taxes. There are often actions that small business owners can take in December that will effect their 2009 tax burden. Examples include purchasing new equipment, taking advantage of recent tax law changes, etc.
Every business owner should have a strong relationship with their accountant and should work with their accountant throughout the year!
Mike Sylvester, CPA/ABV “accredited in business valuation”
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