Tax Planning

It’s hard to believe that we’re already winding down the first quarter of 2022, it’s important to start thinking about your tax planning. While there are many things that can be done to reduce your taxable income, there are a few key steps that should be at the top of your list. Did you know we offer annual tax planning?

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Inflation

Inflation is the general increase in price level which corresponds to a reduction in purchasing power. Why do we care about it? We care about inflation because our dollars buy less. For example, remember when you could buy a gallon of gas for $1? Now it’s $3 a gallon. The same amount of money that would fill out tanks up will only fill up one third of a tank now!

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