Dear Clients and Friends,
We are pleased to announce that Alan Seher has joined our team of senior business attorneys. Alan is a California Certified Tax Specialist with over thirty years of experience advising business people and companies on tax strategies designed to minimize their legally required federal and state tax obligations.
With Congress seemingly ready to enact a dramatically different tax regime effective as of the first of the New Year, you may wish to consult with Alan to develop year-end 2017 tax strategies that may reduce your personal or company tax burden next year.
Here are three good reasons to consult with a tax specialist before year-end:
First—Filing Preparation and Requirements: Events that effect taxation occur throughout the year. Sometimes these lead to unintended consequences. A review could reveal problems that could be rectified before being cast in stone by the New Year. Additionally, estimated tax payments, 1099 and 1098 and other return requirements should be checked for compliance or for missing information.
Second—Year-end Opportunities: For calendar year taxpayers (individuals, LLCs and partnerships), there may be ways to defer income, accelerate deductions, avail oneself of credits, or adopt plans which would be beneficial to your tax situation.
Third—Adjust to Proposed Federal Legislation: Currently there are two tax proposals being debated. Although what the final product might be is still up in the air, what seems clear is that there will be significant changes to corporate and pass-through taxation. A prudent person should consider how these proposed changes will affect both personal and business activities.
Alan can be reached at our main telephone number, 415-882-5300, or aseher@nvlawllp.com.