Individuals and businesses alike need to check in with their accountants between now and December 31st to see if there are any changes that need to be made in order to take advantage of changes made during this year that affect your income tax situation. What affects one individual or business may or may not affect another individual or business, and the affects may be different for one individual or business compared to another individual or business (under similar circumstances).
There have been many sweeping changes to the tax laws in 2009 that affect both individuals and businesses in many ways. Some of these changes will have a positive affect on individuals and businesses while other changes can have a negative affect, although most "experts" don't want to point out the negative affects of these changes.
If you would like to discuss your specific situation with me (or my firm), please contact me at mastertype@mabspc.com. I will respond to your email within 24 hours.
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