Skip to Content
Help wanted sign
Article

Back to basics: Our 2016 digest for individuals & businesses

October 27, 2016 / 8 min read

Whether focusing on individual or business tax planning, step one is the same: complete a year-end projection. Here’s what else you should be considering.

As 2016 concludes, it’s a perfect opportunity to get back to the basics of year-end planning — the blocking-and-tackling, if you will. In the digest below, we’ve highlighted a few planning opportunities for you to consider and discuss with your Plante Moran tax advisor.

Individuals

Businesses

As you can see, there’s often just as much tax planning to do in a “relatively calm” tax year as there is in a year in which significant changes occur. By gathering information early and talking with your Plante Moran advisor before the end of 2016, you can make decisions prior to year end that can have a positive effect on both this year’s and next year’s income tax exposure.

Related Thinking

Close up view of a building with intricate architecture
April 28, 2025

Keep the good tax planning rolling: Section 1045 rollover of QSBS

Article 8 min read
People walking in front of the White House.
April 25, 2025

State and local tax advisor: April 2025

Article 15 min read
Video thumbnail
April 22, 2025

The basics of cost segregation

Video 3 min watch