For effective tax planning, do a midyear review

With summer vacations and warm weather just around the corner, tax planning may not be a priority on your agenda.The problem is that if you wait until December, you cut the time for planning strategies to take effect.But if you take the time to plan now, you still have eight months for your actions to make a difference on your 2015 tax return.Making time for 2015 tax planning now not only helps reduce your taxes, but also helps to put you in control of your entire financial situation.Tax planning should be a year-round process, but it’s especially effective at midyear.Contact our office for guidance in identifying and implementing the best moves for your situation.