Most people go to the doctor for an annual check-up; some even go every six months. However, the question here is, have you paid a visit to your tax accountant for a tax check-up? If the answer is no, this is something you may want to consider. Tax time is stressful for many, so a check-up half way through the year may help ease some of the tension. This can be as simple as a phone call. However, if you haven’t had your check-up, don’t worry, we will be able to assist you with finding the best strategies to reduce your tax liability.
Contributions to an IRA: Did you know you may be able to contribute up to $5500 (under 50 years of age) and up to $6500 (50 or older) to an IRA by April 18, 2016 and have it act as a contribution for tax year 2015. This deduction could reduce, and in some instances, eliminate a tax liability.
Here, at GPL, we use our knowledge to examine every tax reduction strategy afforded you.