2018 Year-End Tax Planning for Businesses

Businesses of all sizes, across all industries, have been impacted by the monumental changes to the federal tax code. To maximize tax savings and ensure compliance with the new rules, businesses need to engage in year-end planning conversations now. Certain tax savings opportunities may apply regardless of how your business is structured, while others may apply only to a particular type of business organization. No matter the type of business entity you operate, year-end tax planning should consider all possibilities to effectively lower your total tax liability.
As a member of the BDO Alliance USA, Smith Leonard would like to share the 2018 Year-End Tax Planning for Businesses Letter, which discusses year-end and year-round tax-saving opportunities for:

  • All businesses
  • Partnerships, limited liability companies, and S corporations
  • C corporations
Comprehensive tax planning for businesses also requires consideration of tax consequences impacting their individual owners. As such, we recommend you also take time to review our 2018 Year-End Tax Planning for Individuals Letter.
As always, your Smith Leonard tax team is ready and able to help you with your business planning needs. Please contact us as questions arise upon reviewing this planning guide.
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