Year-End Letter Provides Expert Tax-Planning Advice for Accountants to Send to Clients
The end of the tax year is the ideal time for accountants to reach out to their clients with expert tax-planning advice. Unfortunately, few accountants have an abundance of time to spare. But there is a solution: the 2013 Year-End Tax-Planning Letter.
Written and reviewed by expert tax professionals at WPI Communications, Inc., the 2013 Year-End Tax-Planning Letter presents an insightful overview of current tax issues for clients. The letter encourages clients to contact their accountants about the services they provide.
The 2013 Year-End Tax-Planning Letter is divided into three sections:
- Individual tax planning
- Business tax planning
- Financial tax planning
It is offered in either print or electronic format. Either way, it can be distributed easily and widely to current clients, former clients and referral sources.
With a minimum amount of work, accountants can create slightly different variations of the letter for individuals, small-business owners, clients planning for retirement, retired or nearly retired grandparents, clients who are planning their estates, prospects (as distinguished from active clients), former clients and referral sources. This practice-building tool can also be used to introduce new products or services that an accounting practice may offer.
In terms of new developments this year, the American Taxpayer Relief Act of 2012 (ATRA)—signed into law at the beginning of the year—extended and enhanced several tax breaks for individuals, small-business owners and investors who take prompt tax action. But the new law also increased tax rates for certain upper-income taxpayers, and eliminated or curtailed other tax benefits. In addition, a new 3.8% Medicare surtax, which was included in the 2010 health care legislation, takes effect in 2013.
To add to the complexity, the IRS continues to churn out new regulations and rulings on tax issues, while the courts hand down significant new opinions. Also, tax reforms being debated by Congress may lead to last-minute scrambling. This year-end tax-planning letter will let clients know that their accountants can help them seize tax-saving opportunities available while avoiding the obstacles placed in the way by ATRA and other new developments.
The 2013 Year-End Tax-Planning Letter covers the following:
- New 3.8% Medicare surtax
- Section 179 deductions
- Capital gains and losses
- Bonus depreciation
- Alternative minimum tax
- Charitable donations
- Roth IRA conversions
- Medical expense deductions
- Family income-splitting
- Energy tax credits
- Estate- and gift-tax strategies
- And much, much more!
“Tax law changes in the last year provide unique tax-saving opportunities to seize and tax pitfalls to avoid for both individuals and small-business owners,” said Steve Klinghoffer, president of WPI Communications. “The expert advice of an accountant can make a big difference. The 2013 Year-End Tax-Planning Letter conveys this message to clients and prospects in a timely and cost-efficient manner. This letter is designed to encourage clients to contact accountants about the very services they can provide.”
The year-end planning ideas discussed in the letter are general in nature and are intended only to provide an overview. The letter recommends that readers review their situations with their accountants before they take any action.
WPI Communications has been helping accountants connect with their clients since 1952. The newsletter marketing company publishes Client Information Bulletin and Accountant Client eNewsletter. Like the Year-End Tax-Planning Letter, these print and electronic newsletters keep accountants’ names in front of clients, prospects and referral sources. They give accounting firms a solid competitive advantage while delivering a steady flow of new business.
WPI Communications will begin to ship the 2013 Year-End Tax-Planning Letter on or before October 24. Orders received after that date will be shipped within two business days of receipt. To order the 2013 Year-End Tax-Planning Letter, call 800-323-4995 or visit http://wpicommunications.com/accountants/year-end-tax-planning-letter/.
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