Top Three Tax Planning Items That Can't Be Put Off Until December.

Publication: PR Newswire

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Experts say you can't wait until the last minute for maximum tax savings

COLUMBIA, Md., Oct. 31 /PRNewswire/ -- There are some tax saving moves that can still be made up until the eleventh hour of 2005, but putting off real tax planning that involves research, arranging documentation and complex calculations are not among them. That's why small business owners should schedule a year-end tax review to maximize their tax savings while there's still time to do all these necessary preparations, according to Fiducial, a multidisciplinary professional services provider to small businesses with offices nationwide.

"You should begin your year-end tax planning now," said Gene Polley, a senior business advisor in Fiducial's San Diego office. "A lot of areas, such as the Alternative Minimum Tax (AMT), require detailed analysis which you can't determine in a 30-second phone call. That has a huge impact on...

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