January 28, 2016

Tips for 2016 Tax Planning

by: Franco DiLiberto, CPA

As we dive into the tax season, it is important that you are aware of the new regulations and credits that are in effect as of January 1st. That’s why we have created our annual ‘Hobe & Lucas Tax Tips Cheat Sheet’ which can be downloaded below.  Many of these regulations and credits should be taken into consideration when planning throughout the year in order to decrease tax liability. On our reference sheet, you will find a guide to some of credit limits and top tax areas which we find to be most important to clients and their tax planning process, such as:

  • New Business Mileage Rate
  • Health Care Tax Limits, including Affordable Care Act
  • New Retirement Plan Contribution LimitsHobe_Tax_Strategies_2016
  • Standard Deductions based on Filing Status

We all know tax planning can often be stressful and unclear to many since tax factors can change annually. Not to mention, your individual and business situations can often be complicated and complex!  At Hobe and Lucas, it’s our goal to provide you with the assistance you need in order to minimize your tax liability through our well rounded tax knowledge and accounting services.

To download the PDF, please enter your name and email address below:
[email-download download_id=”671″ contact_form_id=”472″]

Still have questions? Feel free to contact your Hobe and Lucas representative, call us at 216.524.8900 or email info@hobe.com.

Hobe & Lucas Certified Public Accountants, Inc. is a full-service accounting and business consulting firm dedicated to providing clients with exceptional value.

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Investment advisory services are offered through Avantax Planning PartnersSM. Commission-based brokerage services are offered through Avantax Investment ServicesSM, Member FINRA, SIPC. Insurance services offered through licensed agents of Avantax Planning Partners. 3200 Olympus Blvd., Suite 100, Dallas, TX 75019. The Avantax entities are independent of and unrelated to Hobe & Lucas Certified Public Accountants, Inc.

Although Avantax does not provide or supervise tax or accounting services, our Financial Professionals may offer these services through their independent outside business. Financial Professionals may only conduct business with residents of the states for which they are properly registered. Not all Financial Professionals are licensed to offer all products or services. Financial planning and investment advisory services require separate licenses.