With the new administration taking over in USA with promises of low business taxes, there is hope that most of the business will experience lower tax rates in 2017 and beyond for at least few years.
If there is hope that 2017 onward the businesses will experience low tax rates, then the next 20 days up to December 31, 2016 are very critical for businesses in USA to take some critical steps. If there are some great business strategies that are good for a business and would save taxes, then it would be wiser and smarter economically to implement those strategies in 2016.
If you incorporate some great tax saving strategies in 2016, you will save taxes in a year when the tax rates are very high for corporations. Then, of course, you benefit from lower taxes in 2017 with the new rules, hopefully.
So, take action now and you have low taxes in 2016 and 2017.
Take a look at the next post on www.TaxPainkiller.com on a few strategies that need action from you right away and can save you in thousands in taxes.
Every strategy is titled Year End 2016 Tax Strategy.
