Tax Issues Affect More Than Just the Wealthy

There are tax changes that came into effect in 2013 where more than just the wealthy may feel the impact. There are new phase outs for itemized deductions. You no longer benefit from the entire amounts. Personal exemptions are also phased out for a deduction. Trying to push income below these thresholds will save tax deductions. A veterinary CPA can help you understand how to use the current tax law, with all its changes, to minimize tax burdens and build financial wealth. Many times it’s all in how you structure an event and avoid the landmines.