SUBSCRIBE
Enter your Name and Email address to get
the newsletter delivered to your inbox.
Please include name of person that directed you to my online newsletter so I can thank them personally.
Greenberg & Company, LLC, CPAs
500 Morris Avenue, Springfield, NJ 07081-1224
Phone: 973-467-3838
Fax: 973-467-3184
While Congress has talked a lot about changes in the tax code for individuals and businesses, nothing has materialized yet. But don’t let tax uncertainty get you down. Make sense of your business or personal income tax situation by dealing with what you know now. Then revise your plans if tax changes come to fruition.
You might also be careful what you wish for. If business tax rates fall, favored deductions could disappear to offset lower rates. This uncertainty makes it difficult to plan. If your company is exploring a merger or acquisition, for instance, it might want to wait for more certainty to see what happens to related deductions. On a smaller scale, you might hesitate expanding your workforce until there is more certainty.
On the personal tax front, the same advice applies. If you want to buy a new home, consider all the reasons for doing so, not just the tax deduction on mortgage interest and property taxes.
Ultimately, life’s big decisions are about many things that don’t include taxes. Make your money decisions based on all factors, with taxes playing one part.
Enter your Name and Email address to get
the newsletter delivered to your inbox.
Please include name of person that directed you to my online newsletter so I can thank them personally.
Enter your Name, Email Address and a short message. We'll respond to you as soon as possible.
The information and opinions contained in this web site are obtained from sources believed to be reliable, but their accuracy cannot be guaranteed. The publishers assume no responsibility for errors and omissions or for any damages resulting from the use of the published information. This web site is published with the understanding that it does not render legal, accounting, financial, or other professional advice. Whole or partial reproduction of this web site is forbidden without the written permission of the publisher.