All posts with tag Tax Planning
10 / 06 / 2017 by Greg Freyman, CPA in General

What to Expect From Your Accountant in the Summer Months (Part 3 of 3)

Great works are performed not by strength but by perseverance.
~ Samuel Johnson

This week we complete our series on the value-added tax planning services which are perfectly suited to do during the off-season months.

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09 / 01 / 2015 by Greg Freyman, CPA in Business Tax

Year End Tax Planning Strategies For 2014

Many taxpayers often review tax planning strategies after the New Year. Before you say goodbye to 2014, there are several tax savings strategies that you may be able to implement now. If you wait until after December 31st, it will be too late.

 

Harvesting investment losses to offset capital gains

Investors can reduce their taxable income by realizing capital losses. After netting capital gains against losses, taxpayers can offset up to $3,000 of ordinary income and carry-forward the remaining amount for future years. Please note that the character of the investment as long-term versus short-term will impact the way in which gains and losses are netted.

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