When most people think of preparing their taxes, they think about the March 15th or April 15th deadlines. What they don’t realize is that tax planning begins far before the March and April deadlines and must be completed before the prior year end in order to reap the financial benefits of lowering tax liabilities.

Proper tax planning can help substantially reduce your tax burden and in most cases result in receiving advantageous credits and deductions. All of these add up to owing less in taxes and maximizing your potential tax refund.

This is why we at Bhatt & Associates, CPA Inc recommend that each of our clients set some time aside to meet with us before the year end in order to discuss and implement these potential tax saving opportunities.