Last week, one of my cable channels held a Christmas-in-July event, where they showed Christmas movies the whole week. The thought occurred that if it’s time to start thinking about Christmas, then it’s also time to begin considering end-of-year tips and planning strategies to offer clients as we approach the beginning of fall.
“This year it’s more important than ever to plan ahead because of all the new tax law changes,” said John Vento, a New York-based CPA and CFP. “Of course, 99 percent of what you can do has to be done before the end of the year, so now is a good time for clients to take stock of their financial situation and take the necessary steps to minimize their tax liability.”
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