Year-End Tax-Planning Letter Incorporates Business Ideas
Small-business owners are facing a predicament at the end of 2017. Year-end tax planning, which is typically difficult, is even more complicated this year due to the potential for sweeping tax reforms. This has left many business owners in a quandary.
But the uncertainty creates an opportunity for savvy tax practitioners. To navigate the year-end waters, your clients will likely need your guidance even more than usual. But how can you reach them quickly and efficiently without disrupting your office?
One answer is to use the 2017 Year-End Tax-Planning Letter produced by WPI Communications. This informative 10-page letter, written and edited by a crack team of professionals, will impart the basic information your clients need to know at the end of the year. Then you can step in to meet their needs.
The 2017 Year-End Tax-Planning Letter is divided into three sections, including one devoted exclusively to business owners. If this is a primary focus of your practice, it should be right up your alley. Consider the following points covered in the letter:
- A business can maximize current write-offs for business property through the generous Section 179 allowance. But qualified property must be placed in service before the end of the year.
- In addition, a business may qualify for “bonus depreciation” deductions. This deduction may be claimed in conjunction with the Section 179 allowance.
- Several tax incentives for travel and entertainment (T&E) expenses are presented. T&E expenses may be closely scrutinized by the IRS, so make sure the strict tax rules are observed.
- An accrual-basis company may be eligible for a unique tax break for employee bonuses. The bonuses are deductible in 2017—even if they are paid in 2018.
- Are any of your clients kicking off a new business venture? A current deduction is available for a business that opens before the end of the year.
Typically, tax professionals will send out the 2017 Year-End Tax-Planning Letter to business clients by producing it under their letterhead and mailing it. But that’s not the only way to generate more interest from clients. For example, you might post the letter on your website or send it via e-mail. The 2017 Year-End Tax-Planning Letter is yours to use as you see fit and can be easily modified for your particular needs.
What happens if meaningful legislation affecting businesses is enacted before the end of the year? WPI will provide a one-page update to subscribers—free of charge. This follow-up to your initial mailing creates another opportunity for you to generate income.
Don’t let this opportunity pass you by. Reach out to business clients with the 2017 Year-End Tax-Planning Letter to give your practice an income-generating boost. For more details, call 800-323-4995 or e-mail firstname.lastname@example.org.
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