From The Editor...
April 15th is just around the corner and if you are getting a personal tax refund, you may have already filed or will be filing very soon. If you have to pay additional taxes, your filing extension form is probably being worked on or is in the mail. April also has filing and payment due dates for many businesses as well (check with your accountant or tax preparer to see which forms and dates apply to your business).
Tax planning should be something that you give serious consideration to through-out the entire year. Decisions that you make every day in operating your business may not be possible to unwind when you start preparing your tax return. It is not a good situation when you find out that you have to pay more in taxes than you planned, or even worst, more than you should have to pay.
The Federal tax code changes nearly every year, and although legislation may pass that is not directly a change to the tax code, there may be provisions in a piece of legislation that have tax implications (e.g., the Affordable Health Care Act).
It makes prudent business sense to seek tax planning advice from an experienced tax accountant, business advisor, consultant, or mentor to try to uncover those hidden costs that could show up next year when you do your taxes. Before you make any big decision, seek the counsel of a Silver Fox Advisor.
We encourage you to visit our Website at www.silverfox.org or www.silverfoxadvisors.com to select a Silver Fox Advisor and also to learn more about the Silver Fox Advisors, our Associates and their businesses, as well as our great programs and community outreach endeavors.
Richard T. Hendee, Editor
The Silver Fox Advisor