It’s once again time to begin thinking of year-end tax planning strategies to reduce the tax burden of your business. Year-end planning is particularly challenging this year given the rapid pace of recent tax law changes and the extensive list of business tax breaks scheduled to expire at the end of 2013.
As the end of 2013 approaches, it’s time to consider planning moves that could reduce your 2013 taxes. Year-end planning is particularly important given the rapid pace of tax law changes and the extensive list of current tax breaks scheduled to expire at the end of 2013. In addition, there are several 2013 law changes providing new tax saving opportunities as well as the many “time-tested” tax saving techniques that continue to apply.
There is little doubt that since the debt crisis of 2007 to 2009, the most serious since the Great Depression, U.S. real estate has experienced a significant recovery despite continuing uncertainty in domestic and international financial markets. Of note, the CMBS market, which marked the beginning of the recession with a series of significant failures, appears to have finally stabilized to the point where several new CMBS pools have recently been oversubscribed.
New orders in September 2013 were 4 percent higher than orders in September 2012 and were 12 percent higher than August 2013, according to our latest survey of residential furniture manufacturers and distributors. New orders were up for 72 percent of our participants, slightly less than last month but very much in line. The results were also in line with most of what we had heard from conversations, that being orders up nicely for many but at least steady for most.