Tax Planning Strategies for Year-End Planning

Taxes are an important and unavoidable financial aspect of life for both individuals and businesses. Accountants must think strategically when helping a client close out the tax year. Strategies for individual taxpayers and for businesses will differ; however, accountants in all cases must be aware of changes to tax laws and regulations and how those changes may affect clients.

As more individuals and businesses rely on accountants for tax planning strategies, more students may consider pursuing advanced education to achieve success in the tax profession. An excellent place to start is to explore programs such as an Online Master of Accountancy, which is structured to help students gain the knowledge and skills to create and oversee effective tax planning strategies.