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As we go to press with our year-end planning guide, we can look back at a challenging year, both economically and in terms of tax planning. This past year has shown how the impact of high inflation and market volatility can alter how we live and do business. Staying one step ahead in this environment means being informed by understanding the current rules, being flexible by keeping abreast of potential changes, and being ready to act by starting to prepare for what might come.

This guide offers a variety of strategies for reducing your taxes in the current environment and a discussion of issues that could impact your firm. We encourage you to use this guide to identify the best strategies for your situation, along with guidance from your tax advisor, who can keep you apprised of any new tax law developments that might affect you. With many facing difficult and uncertain times, sound financial and tax planning is required now more than ever before. The sooner you focus on your tax situation and the available tax planning opportunities, the more likely you are to put yourself in a better financial position. While we cannot predict the future, we can assist you with your current needs and help you plan effectively for your future tax obligations.

If you would like to discuss any of the techniques or planning ideas presented in the guide, please contact any member of Anchin’s Law Firm Group.