Aside from identifying a number of nuances in last year’s tax law changes and interpreting the effects of congressional leadership turnover, a new tax guide should help midsized business owners monitor a series of federal tax trends for 2007.Published by national CPA firm RSM McGladrey, the “2006 Tax Planning Guide” includes a Top 10 list of tax-planning strategies for midsized companies and issues owners should watch for on the horizon.
“An inexpensive and cost-effective way to stay up-to-date on tax law changes is to seek out your trade association for general tax information that may impact your industry,” said executive vice president of tax services Michael L. Metz, via e-mail. “Then, follow up with your accountant to test the application of the idea against your facts.”
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