Home / Articles / December, Already?

December, Already?

December, Already? Image
  • Posted on 23rd Sep, 2022 02:02 AM
  • 1328 Views

business - December, Already? - Entrepreneur.com

This story appears in the December 1999 issue of Entrepreneur. Subscribe »

As the millennium approaches, it makes good tax sense to use thedays remaining in 1999 to find ways to reduce your April 15, 2000,. You have until December 31 to put strategies in place.Waiting until the new year to review your 1999 taxes means a missedopportunity--and more than likely, a higher tax bill.

While Republicans in Congress have been pushing for a large taxcut, they don't have the support of President Clinton.There's no chance that changes will be made in the law thatwill affect the figures on your 1999 tax return. Therefore,accountants recommend using the month of December to review thepast 11 months of your company's revenue and expenses, find outwhere you stand tax-wise and determine how much you'll owe theIRS.

Continue reading this article - and everything on Entrepreneur!

Become a member to get unlimited access and support the voices you want to hear more from. Get full access to Entrepreneur for just $5.

Entrepreneur Editors' Picks

December, Already? View Story