4 year-end tax tips for law firms

Description

Abstract: The end of the tax year for calendar-year law firms is just around the corner. Now’s the time to take those last-minute steps that can reap significant savings on 2022 tax returns. This article presents four areas to consider: time and expenses; bonus depreciation; retirement plans; and food and beverage deductions. A short sidebar reviews ways for individual taxpayers to reduce their taxes, too.