While it's tempting to put off thinking about taxes until the last minute, there's still time to significantly reduce your 2015 tax liability. In our annual tax planning guide, we cover these opportunities as well as developments to be aware of going into 2016 in two sections-one for individuals and the other for businesses and their owners.

 

Keep in mind that some tactics take time to implement and your window of opportunity grows smaller with each passing day. That's why we've included a checklist of tax planning opportunities in our guide. Be sure to discuss and evaluate these options-sooner rather than later-with your tax advisor before implementing a strategy.

 

For a detailed look at tactics, download our tax guide. DOWNLOAD

In the meantime here's a general list of topics covered:

 

• Personal taxes, including ordinary income tax, alternative minimum tax, capital gains tax, and the net investment income tax and Medicare surtax

 

• College education, retirement, estate, and gift planning

 

• Charitable giving

 

• Health care reform

 

• Business tax credits and incentives

 

• Tangible property regulations

 

• Health care reform and employee benefits

 

• International tax issues

 

• Ownership transition and exit planning

 

• Sales and acquisitions

 

The tax, assurance, and financial planning professionals at Moss Adams LLP can help you stay current and understand how these new changes impact you, your business, your investments, and your estate and financial plans. We can also help coordinate a tax strategy for your long-term financial goals.

 

The strategies discussed in the guide are based on current tax law as of this writing. In light of the evolving tax code and still-to-come IRS guidance on several key tax topics, we suggest you visit ourWeb siteto stay abreast of any changes that could affect you, your family, and your business.

 

Here's to a fantastic New Year and potential cost savings.