Tax Planning: A Year-Round Adventure

While taxes are a hot topic at the beginning and end of the year, here are some items to consider with your qualified CPA throughout the year.

FIRST QUARTER:  Quarterly estimates… should you use the safe harbor method, which piggybacks off of last year’s liability?  Is your income predictable enough to base your estimates off of this year’s tax?  Is your business cyclical and therefore the annualized income method is best?