Tax Planning is difficult in Election Year due to the uncertainty of the New and Current Tax Law Changes in post election period. Suggest the following incremental steps for Tax Planning:
1. Plan for taxes based upon the present Tax Laws up to Dec 20th.
2. By January 1, the new Tax Laws would be known, so tweak the Tax Plan as required in January.
3. Some Tax planning may still be inadequate - correct it later on.
YMA Clients are offered Free Tax Planning through out the year. Take advantage of it. For Q & A Call Kash @ Yajnik and Mehta Associates (925) 963 4891
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