Hard to believe we’re almost at year end.  Beyond holiday shopping and parties and all the fun stuff - there is a rather large issue looming for some of us.  It’s called year end tax planning.  Do you know how much you’re going to owe?  If so, kudos!  My experience has been though, that many of you, put off this pesky task.  You know this can end up costing you way more in the long run - but it’s just a little daunting, isn’t it?   You may be worried about your record keeping (or lack thereof)

So the headline says “Good News” . . . what does that mean?

It’s not too late and it doesn’t have to be painful.  Many strategies may be available for implementation now.  Here are some examples:

• Put your kids on the payroll for the month of December
• Purchase office supplies or equipment that you need.
• You can charge December’s purchases - the deductions will count for this year, but you won’t have to pay for them until your January bill comes in.
• Consider purchasing a new car before year end.  If you purchase an SUV over $6,000 pounds, there are extra incentives.
• There are many more possibilities so consider using a tax coach.  You may have a tax preparer you love and adore.  Do you ever wonder if he or she isn’t completely up to speed on the tax deductions available for direct sellers?  A good tax coach can help you do your planning and give you a plan  that includes IRS code references for your preparer.  This could possibly be one of the most important investments you ever make . . . unless you want to just keep overpaying your taxes.

The bottom line is this:  Recordkeeping doesn’t have to be painful and neither does tax planning.  You can find many tools and resources at www.deductiondiva.com   This is your business.  This is your life.  Invest in you today.