Year-end tax planning for business – Flexibility can be a virtue

Description

Abstract: For most businesses, year-end tax planning involves a delicate balancing act, and the more flexibility that’s built into the plan, the better. That’s because the tax code is in a constant state of flux, which makes it challenging to identify the most effective strategies. Tax strategies that are right for one business might be wrong for another. This article explains a few different strategies that provide planning flexibility. A sidebar discusses whether a business owner can deduct the costs of interior building improvement.