Ryan VaughnCOO of Incite Tax & Accounting. Ask me anything about your taxes.

Year-End Tax Planning Made Easy!

27 Oct 2023 · 1 min

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In this brief video, the presenter explains that the most important step for preparing next year's taxes is to schedule a year‑end tax planning meeting with your accountant. During this meeting you’ll review an accurate estimate of your current tax year, discuss any new or existing tax‑saving strategies, and leave with clear action items to reduce your tax liability. The speaker emphasizes the benefit of knowing your potential tax bill before the holiday season, encourages viewers who aren’t clients to click a link in the description, and stresses the goal of keeping as much money as possible in the viewer’s pocket.

Chapters

Let's talk about taxes for next year. How do you prepare for this? The biggest step is to schedule the actual year-end planning session. So this is when you and the accountant are going to sit down, you're going to go over the accurate estimate for the current tax year, and based on what you have going on, either implement new strategies that you didn't know about or remind you of strategies you may have learned about. Maybe you still have some questions on it, maybe you just haven't implemented yet. You'll walk away with clear action items on how to make sure that you save on We like this strategy because now you can go into the holiday season, which for most people is a happy time of year, and it's going to be even happier if you already know what you might end up owing. So schedule that tax planning meeting. If you're not a client, there is a link in the description below. We invite you to click it, and we really hope to keep as much money in your pocket as possible because the government sucks at spending your money. So let's keep it in your pocket. It's better there. Thanks, Ryan.