Cpa year end letter. Crockett, Attorney, CPA UCLA Law School , J.
Cpa year end letter Use our template to get started. Callahan & Associates The final month of 2024 is upon us and that can only mean one thing…it’s time to engage in year-end tax planning. (Parker Tax Publishing November 2022) Dear [Client], As the year draws to a close, it's important that we meet to discuss any year-end strategies that might help lower your business's taxable income for 2022. We would love to help you develop a year-end tax planning strategy that delivers results. Use Parker Tax 2017 Updated CPA Client Letter for Businesses as a template or just sign your name at the bottom. Allow access to template letters. It is designed to provide accurate and authoritative information with respect to the subject matter covered. (Parker Tax Publishing November 10, 2021) Dear [Client], Several significant tax law changes took effect in 2021 that may affect your business's federal tax filings. The following are some of the tax breaks from which you may benefit, as well as the strategies we can employ to help minimize your ¶3310. (Parker Tax Publishing December 2019) Dear [client], As the year draws to a close, it's time for us to discuss whether there are any last-minute actions we can take to reduce your business-related 2019 tax liability. Key Considerations Estimated Taxes/Adjusting Withholding Your 2023 tax return is a great starting point for 2024 year-end tax planning. Conversely, if you expect to claim the standard deduction this year, you may decide to postpone contributions to 2021. The financial statements are prepared in accordance with the tax-basis of accounting, which is a basis of accounting other than accounting principles generally accepted in the United States of America. ’69, UC Berkeley ’66 901 — June 23, 2020 That no events have occurred after the end of the fiscal year about which the CPA should know. Extender legislation aside, there have been some tax developments this year of which you should be aware. Tax laws continue to constantly change and become more complex, CPAs and Tax Professionals are still frustrated by the lack of response and guidance from the IRS and Congress as well as the lack of competent and skilled Tax Professionals in the field. Section 179 expensing is now allowed for personal property used in connection with furnishing lodging (i. (Parker Tax Publishing: November 2014) Dear [client name], It's that time of year where we should think about preparing an estimate of your current year tax liability and see if we can reduce that liability. Client Letter 2024 Year-End Individual Tax Planning Letter 2024 Year-End Individual Tax Planning Letter . Oct 25, 2015 · Keep your clients informed. Find a sample email template to assist you in effectively communicating year-end closing information with your team. 0, and the Inflation Reduction Act included deferred effective dates, some of Nov 17, 2022 · This opens up significant year-end planning opportunities. Oct 28, 2024 · 2024 Year-end Tax Planning Letter for Individual Clients Oct 28, 2024 • Tax Planning Sharing is caring: Year-End Letter and Checklist for Businesses Dear My CPA Guy client: It is tough to believe another year has come to an end, and another tax filing season is almost upon us. The following are some of the tax breaks from which you may benefit, as well as the strategies we can employ to help minimize your CPA Sample Client Letter: 2023 Year-End Tax Planning for Businesses. One change is the wording for compilation and review… 2022 Year-End Tax Planning for INDIVIDUALS. YETL 2024 Nov 5, 2025 · Reach out to your small business clients before year-end to help them take steps to prepare for the next tax season. With rising interest rates, inflation and continuing market volatility, tax planning is as essential as ever for taxpayers looking to manage cash flow while paying the least amount of taxes possible over time. The most significant tax law changes during the year took place in August when the 2022 Inflation Reduction Act (2022 Nov 1, 2021 · CPA Sample Client Letter: Year-End Tax Planning for Individuals. This year-end financial review not only highlights our successes but also lays the groundwork for future growth and planning. Look through the following list for titles of interest to you. It may even be beneficial to meet with your accountant quarterly, allowing you to adjust your numbers throughout the year. CPA Sample Client Letter: 2023 Year-End Tax Planning for Individuals. This letter will guide you through the process of getting your taxes filed as painlessly as possible. Apr 7, 2025 · California State Controller DATE: APRIL 7, 2025 FISCAL YEAR-END LETTER #25-004 (Civil Service Only) TO: All Agencies in the Uniform State Payroll System FROM: Jan 28, 2025 · In each episode of our Year-end toolkit series, our guests share insights on key areas of the year-end accounting and reporting process. Whether or not tax law changes occur next year, the standard year-end approach of deferring income and accelerating deductions to minimize taxes will continue to produce the best results for all but the highest income taxpayers, as will the bunching of deductible Use Parker Tax 2016 CPA Client Letter for Businesses as a template or just sign your name at the bottom. While it is tempting to go with the status quo and do the same thing as last year, it may be beneficial to consider making changes. Print with predefined print Jan 30, 2025 · Early contact with your company’s CPA firm allows them to gain an initial understanding and provide feedback on your internal corporate systems, which may save a substantial amount of time and money at the end of the year. Nov 3, 2024 · By Peter Stevanoff, CPA Partner with The ZLC Group, Orchard Park Office Like 2023, 2024 so far has not produced significant tax legislation impacting year-end tax planning. Be sure to check back for updates. Business Year End Letter Dear Client, Once again we find ourselves nearing the end of the year and wondering what Congress will do as far as extending important tax breaks for businesses. Moreover, seasonal businesses are advised to choose a fiscal year-end date that doesn’t fall in the busy accounting season. Dec 4, 2024 · This year-end tax planning letter is published for our clients, friends and professional associates. Nov 16, 2022 · We are excited to announce that the Abeles and Hoffman 2022 Year-End Tax Planning Letter is now available! In this annual letter, our tax professionals offer a variety of strategies for individuals and businesses that account for both time-honored tax planning methods and recent changes to tax laws. The standard deduction for married couples filing jointly for tax year 2024 rises to $29,200 up $1,500 from the prior year. The Inflation Reduction Act of 2022, which was signed into law in August, was a slimmed-down version of Nov 15, 2013 · Dear Client: Year-end tax planning could be especially productive this year because timely action could nail down a host of tax breaks that won’t be around next year unless Congress acts to extend them, which, at the present time, looks doubtful. The letter discusses individual and business tax planning ideas that may be appropriate in certain situations. Scanning the minutes for significant transactions with members of the board of directors. , hotel, motel, or rental condo or house). Use Parker Tax 2015 CPA Client Letter for Businesses as a template or just sign your name at the bottom. Tax engagement letter The tax engagement letter is usually the first Pak Co. Practice Aid: Use Parker's Sample Client Letter as a template or just sign Feb 21, 2023 · Change in accounting period will appear on the top of page 1 of Form 990 or 990-EZ and the new fiscal year end also be clearly reported in the year end field of the annual return. The following are some strategies we should consider for reducing your business's taxes. Dec 1, 2017 · Editor: Michael W. Please read this letter carefully, because it outlines expectations by both our firm and your organization. The intention of this letter is to confirm your understanding of, and agreement with, both what is included with our This article provides pointers, general guidance, and resources for local officials to ensure a smooth, timely, and accurate year-end close process. The following are some of the tax breaks from which you may benefit, as well as the strategies we can employ to help minimize your taxable Nov 18, 2022 · The traditional year-end tax planning strategies, such as accelerating income into the current year or deferring income into the following year and 3 days ago · Year-end tax planning is all-important. Client Letter Included. c. Dear Clients and Friends, As we near the end of another year, it can be Dec 28, 2023 · This article shows you what to include in your tax return letter to your clients, and includes a free template. CPA Client Letter: Year-End 2014 Tax Planning for Individuals Pre TIPA November 2014 Sample Client Letter: Year-End 2013 Tax Planning for Businesses October 25, 2013 Keep your clients informed. Feel free to adapt it for your own use. . Notably, any year-end tax strategies you implement should take all the latest tax developments into account. Use Parker Tax 2015 CPA Client Letters for Businsses as a template or just sign your name at the bottom. Nov 25, 2024 · Review the recently issued 2024 BMSS year end tax planning letter which provides important insights for businesses and individuals - Birmingham CPA. The intention of this letter is to confirm your understanding of, and agreement with, both what is included with our Use Parker Tax 2016 Updated CPA Client Letter for Individuals as a template or just sign your name at the bottom. May 21, 2021 · Engagement letters identify the specific accounting period and year end the engagement will encompass, together with the estimated fee for the services. Reviewing accounting records for recurring transactions occurring near year-end. Feb 25, 2011 · The Statement on Standards for Accounting and Review Services no. While no Mar 20, 2025 · End-of-year accounting can be incredibly challenging, and, at the very least, time-consuming. Season’s greetings message: Holiday or year-end greetings can include a more personal touch. Each section of this guide is designed to help you focus on the critical components of the letter, ensuring that your CPA Sample Client Letter: Year-End Tax Planning for BUSINESSES. Fiscal Year End Letters Fiscal Year End Letters 2025 Fiscal Year End Letters 2024 Fiscal Year End Letters 2023 Fiscal Year End Letters 2022 Fiscal Year End Letters 2021 Fiscal Year End Letters 2020 Nov 5, 2024 · A deadline for submission, often set at the end of the fiscal year (December 31), ensures timely compliance with regulations and facilitates effective financial analysis. Dec 22, 2023 · Please contact our office today at 919. As we approach year end, now is the time for individuals, business owners and family ofices to review their 2023 and 2024 tax situations and identify opportunities for reducing With the end of the year closing in, starting the new year on the right foot by sending a thoughtful and professional year-end closing email can go a long way. As the year draws to a close, we should review these changes, as well as your business's projected taxable income or loss to see what actions might be appropriate Dec 10, 2024 · Understand the importance of a year-end tax planning letter and learn key strategies to minimize your tax liability with personalized guidance. While the economy appeared to be in a recovery during the first half of 2023, the government’s efforts to combat rising inflation by raising interest rates have continued to increase the costs of debt, goods, and services, leading to a market cool off in the 3 rd quarter. D. Letters & InfoNot all letters will apply to all taxpayers. While tax planning should be addressed throughout the year as an integral part of overall financial health, this letter is here to assist you in this endeavor. And with a short time left before 2025 comes to a close, here are some areas to focus on. It does, however, continue to be impacted by tax legislation enacted in prior years. Allows you to customize your own templates for your firm using data pulled directly from your accounts, tax returns and QuickBooks Online clients using drag and drop variables. CPA Sample Client Letter: 2025 Year-End Tax Planning for Businesses. 5 days ago · Follow this year-end accounting checklist to close your books with confidence. 19 (SSARS 19), Compilation and Review Engagements includes some major changes for Certified Public Accountants (CPAs) who perform compilations and reviews. Jun 1, 2014 · During update classes, keep a list of items to include here. As we usher in 2025, we usher in another year of filing taxes. Be sure to save any and all tax documents received and any other tax related items Oct 30, 2023 · Our full 2023 year-end tax letter goes into further detail on tax topics such as key IRS updates, ownership reporting, new international tax issues, enforcement changes and more. These Sample Collection Letters contains three letters, each slightly more strongly worded than the previous one, to help collect past due accounts. Subscribe today for just $199 per year! Please note: If you are already a subscriber, your annual subscription will automatically renew one year from your original subscription date. Ensure accuracy, compliance, and efficiency for a smooth financial wrap-up! Jun 23, 2020 · TRUSTS – ACCOUNTING-HOW TO PREPARE A FORMAL NON- COURT ACCOUNTING By: David L. Once again, we are approaching the end of the year, which means it’s a good time to think about things you can do to help reduce your federal tax bill. The KPMG 2024 personal tax planning guide supports year-end tax planning and helps you plan for the year ahead. This does not represent tax advice, as every situation must be considered on its own merits. There are several things to consider when doing year-end tax planning: taking advantage of 2024 Year End Individual Tax Planning Letter 2024 Year End Business Tax Planning Letter ORGANIZERS -- For fill in, use Adobe Acrobat Reader rather than Adobe Pro: 2024 Individual Tax Organizer 2024 One Page Organizer (List) 2024 Rental Property Organizer Supplement 2024 Sole Proprietor Individual Organizer Supplement 2024 Auto Use Worksheet The benefits of Client letters include: Create client letters in the same place in QuickBooks Online Accountant as year-end and taxes. Pak has recorded $55,000 of this fee based on billings for work performed in 2016. (Parker Tax Publishing November 2022) The first installment of Parker's annual two-part series on year-end tax planning recaps 2022's major changes affecting individual taxpayers and provides strategies clients can use to minimize their 2022 tax bill. We’ve listed the most important ones and some helpful financial glossary below to help you stay on top of your accounting operations. Section 179 Expensing and Jan 13, 2020 · This is the year-end letter I sent to our clients. Each accountant may put different representations into their letters. This letter confirms the Accounting and Advisory Services [CLIENT NAME] has asked [FIRM NAME] to perform, and under the terms, which we have agreed to do that work. Dec 20, 2024 · Year-end closing is a crucial time for any business, and email communication is essential during this process. Feb 13, 2025 · The year end letter is now available, which provides information and guidelines to assist your unit with the financial closing process for fiscal year 2025. Jan 24, 2023 · While accounting is all about numbers, they are not the only thing that matters to keeping your books in order. The following are some of the tax breaks from which you may benefit, as well as the strategies we can employ to help minimize your taxable CPA Sample Client Letter: 2022 Year-End Tax Planning for Businesses. (Parker Tax Publishing October 2025) Dear [Client], As the year draws to a close, it's important that we meet to discuss any year-end strategies that might help lower your business's taxable income for 2025. J. 372. Understanding the nuances of creating a CPA letter will empower you to respond to requests efficiently and confidently. Learn how to reconcile, report, and review using AccountEdge’s tools. And it’s relevant even for those not engaged in the company’s closing process – the episodes have something for everyone. Keep your clients informed. Nov 1, 2021 · CPA Sample Client Letter: Year-End Tax Planning for Individuals. 6 days ago · Get ready for IRS 2025 tax season filing with essential payroll, 1099, and local tax deadlines plus guidance to keep your business compliant. Nov 20, 2023 · 2023 has been another turbulent year, presenting both challenges and opportunities for business taxpayers. (Parker Tax Publishing November 12, 2024) Dear [Client], It's that time of year again where we should consider meeting to discuss any year end strategies that might reduce your 2024 taxes. With the new year approaching I write this message in hopes that you enjoy what’s left of 2024 and get ready for a healthy and prosperous 2025. For single taxpayers and married individuals filing separately, the standard deduction rises to $14,600 for 2024, up $750, and for heads of households, the standard deduction will be $21,900 for tax year 2024, up $1,100 Nov 1, 2021 · CPA Sample Client Letter: Year-End Tax Planning for Individuals. C. This letter is also available on the Accounting website. The plethora of legislation contains many new provisions which are likely to Nov 10, 2021 · CPA Sample Client Letter: Year-End Tax Planning for Businesses. In California, all associations with gross income of $75,000 or more are required to have an independent CPA perform a review engagement. Check out one of our previous newsletters here! Oct 25, 2013 · Sample Client Letter: Year-End 2013 Tax Planning for Individuals (Parker Tax Publishing: October 25, 2013) Dear [client name], It’s that time of year where we should think about preparing an estimate of your current year tax liability and see if there isn’t some way we can reduce that liability. So, let’s take a break from the numbers and look at some letters known as accounting abbreviations. Legislation such as The Tax Cuts and Jobs Act, SECURE 2. With year-end approaching, it is time to start thinking about moves that may help lower your tax bill for this year and next. For instance, if you will be itemizing in 2020, boost your gift giving at the end of the year. Tax season is a difficult but fun part of our year as we get to see you and catch up on how things are going in your life. Nov 12, 2024 · Please enjoy this Year-End Tax Planning Client Letter for your informational purposes. Dec 16, 2024 · Seigneur Gustafson LLP is a Certified Public Accounting firm in Lakewood, Colorado, with experience in tax planning & compliance matters, financial reporting and business planning, as well as business valuation and related litigation services. Nov 12, 2020 · The illustrative accountant’s review reports may be used to comply with the requirements of AR-C section 90A in AICPA Professional Standards. This essential checklist helps you prepare for the financial year-end easily. See below for details. Crockett, Attorney, CPA UCLA Law School , J. CPA Sample Client Letter: 2024 Year-End Tax Planning for Businesses. Dec 30, 2024 · December 16, 2024 The following letter was prepared and distributed to clients and friends of Dowell Group, LLP. Due to the enactment of legislation to offset the economic burden wrought by COVID-19, there is a lot to consider when reviewing year-end Dec 16, 2024 · Seigneur Gustafson LLP is a Certified Public Accounting firm in Lakewood, Colorado, with experience in tax planning & compliance matters, financial reporting and business planning, as well as business valuation and related litigation services. See more here. The end of the year is often an optimal time for tax planning, but you must be careful to avoid potential pitfalls along the way. Oct 10, 2024 · With year-end approaching, it is time to start thinking about moves that may help lower your tax bill for this year and next. (Parker Tax Publishing November 1, 2021) Dear [Client], It is getting to be that time of year where we should meet to review your tax situation and explore options to minimize your tax bill. Did you owe money to the IRS or a state, or did you receive a big refund? CPA Sample Client Letter: 2022 Year-End Tax Planning for Individuals. Crisler, CPA It is that time of year again: Tax practices are preparing engagement letters and tax organizers to send out en masse to clients to kick off another tax season. Our mission is to provide total peace of mind as the friendliest and most trustworthy CPA firm. It is also important that we document all the Nov 21, 2023 · This letter only covers some of the year-end tax planning ideas that could reduce your 2023 tax bill. 100. Apr 19, 2021 · Having a different fiscal year-end date can help your business receive thorough and undivided accounting services, and often at a lower cost as well. (Parker Tax Publishing November 2022) Dear [Client], It's that time of year again where we should consider meeting to discuss any year end strategies that might reduce your 2022 taxes. In December of 2019, the SECURE Act was signed into Sep 14, 2022 · Are you wondering how to perform a review engagements? AR-C 90 is the authoritative guidance for these engagements. Please contact us if you have questions about any of the strategies described here or for more tax-saving ideas. Parker Tax Pro Library gives you unlimited online access all of our past Biweekly Tax Bulletins, 22 volumes of expert analysis, 250 Client Letters, Bob Jennings Practice Aids, time saving election statements and our comprehensive, fully updated primary source library. 5731 to set up your year-end review. Some firms send cards; others use social media and email. (Parker Tax Publishing November 2024) Dear [Client], As the year draws to a close, it's important that we meet to discuss any year-end strategies that might help lower your business's taxable income for 2024. In this guide, we will walk you through the steps to create a CPA letter, provide examples, and offer tips to ensure your letter meets the required standards. Use Parker Tax 2015 CPA Client Letter for Individuals as a template or just sign your name at the bottom. Feb 5, 2024 · Enhance communication this tax season by learning from real examples how to create an effective tax return letter for clients. Dec 4, 2024 · We are coming to the end of another year filled with rising interest rates and continued market volatility, with little action from Congress to fix or extend tax provisions that could benefit individuals and small businesses alike. Practice Aid: Use Parker's Sample Client Letter as a template or just CPA Sample Client Letter: 2025 Year-End Tax Planning for Individuals. Nov 6, 2025 · Reach out to your individual clients to initiate tax planning activities and help them maximize last-minute tax strategies. e. Nov 12, 2024 · CPA Sample Client Letter: 2024 Year-End Tax Planning for Individuals. I expect this year will have it’s Oct 18, 2024 · As we approach the end of the year, it's essential to take a moment to reflect on our financial journey and achievements over the past twelve months. CPA Sample Client Letter: Year-End Tax Planning for Individuals. 's professional fees expense account had a balance of $82,000 on December 31, 2016, before considering year-end adjustments relating to the following: • Consultants were hired for a special project at a total fee not to exceed $65,000. If you have questions, reach out to your Jenkins CPA contact. For tax years beginning in 2021, the expensing limit is increased to $1,080,000 and the investment ceiling limit is increased to $2,700,000. We have a year-end business client letter and checklist on our resource page as well if it is needed. The Best Structure for Year-End Closing Email Sample Explained December 18, 2019 Re: Year-end letter for business clients Dear client, As this year is ending, now is the time to take a closer look at your company’s current tax strategies to make sure they are still meeting your needs and take any last-minute steps that could save you money come tax time. • The attorney's letter requested by the auditors dated January 28 Oct 24, 2025 · A timely email notification serves as both a reminder and an invitation for collaboration during the year-end closing process. Whether or not tax increases become effective next year, the standard year-end approach of deferring income and accelerating deductions to minimize taxes will continue to produce the best results for all but the highest income taxpayers, as will the bunching of Jan 5, 2024 · Dear valued client: Thank you for being a valued customer. Another item for the year-end letter is a section on IRS and state audit activity listing key items that consistently come up on audits. Very truly yours, Abeles and Hoffman, P. Oct 31, 2025 · The PFP and Tax Section have gathered a collection of tools to help tax practitioners and CPA financial planners better facilitate the year-end planning process with their clients. The key changes in the tax laws for 2023 are a result of two laws enacted in 2022, the Inflation Reduction Act (2022 Use Parker's CPA Sample Client Letter for Businesses as a template or just sign your name at the bottom. For example, if you qualify for head-of-household (HOH) filing status, you are entitled to a higher standard deduction and more favorable tax rates. (Parker Tax Publishing October 2025) Dear [Client], It's that time of year again where we should consider meeting to discuss any year end strategies that might reduce your 2025 taxes. It’s Tax Season! I’m wishing everyone good health in 2025! I know the last few years have been daunting. These include, for individuals: the option to deduct state and local sales and use 5 days ago · Follow this year-end accounting checklist to close your books with confidence. YEAR-END MOVE: In most cases, you should try to “bunch” charitable donations in the year they will do you the most tax good. Filing Status Your tax return filing status can impact the amount of taxes you pay. Explore practical year-end tax planning steps you can take now to reduce your 2025 tax bill and position yourself for success in 2026 and beyond. (Parker Tax Publishing November 2020) Dear [Client], Tax legislation enacted at the end of 2019, as well as new tax laws enacted in 2020 in response to the coronavirus pandemic (COVID-19), will most assuredly affect your business's 2020 income tax return. To qualify The newsletter is “to the point,” making it a quick but valuable read, sent straight to your inbox each month. Use Parker's CPA Sample Client Letter for Individuals as a template or just sign your name at the bottom. We need to start working on accounting for the year to prepare your business income taxes. Dec 13, 2024 · This year-end tax-planning letter is published for our clients, friends and professional associates. As always, planning ahead can help you minimize your tax bill and position you for greater success. 900 University Ave. Due to the enactment of legislation to offset the economic burden wrought by COVID-19, there is a lot to consider when reviewing year-end 3 Who administers a CPA firm’s peer review? 3 When should my firm enroll in the AICPA Peer Review Program? 4 How can my firm enroll in the AICPA Peer Review Program? 4 Once enrolled, when should my firm expect to have its first peer review? 4 Can my firm change its peer review year-end? 5 It’s Tax Season! I’m wishing everyone good health in 2025! I know the last few years have been daunting. Rogers, CPA, MST | Partner, E. Nov 1, 2024 · To take advantage of Section 179 expensing and/or bonus depreciation, consider making eligible asset acquisitions between now and year end. Although there are no guarantees, it looks like planning for income taxes may be a little simpler this year than in the past few years. Businesses must adhere to specific timelines to avoid penalties. Due to the enactment of legislation to offset the economic burden wrought by COVID-19, there is a lot to consider when reviewing year-end CPA Sample Client Letter: Year-End Tax Planning for Businesses. There are several things to consider when doing year-end tax planning: taking advantage of expiring tax provisions Jan 22, 2025 · Streamline your 2024 year-end accounting close with this comprehensive checklist. (Parker Tax Publishing November 2023) Dear [Client], It's that time of year again where we should consider meeting to discuss any year end strategies that might reduce your 2023 taxes. So, let’s dive into some examples that have proven to be effective, and start unpacking what makes them work. Nov 12, 2024 · 2024 Year-End Tax Planning for Individuals (Client Letter Included) (Parker Tax Publishing November 12, 2024) The first installment of Parker's annual two-part series on year-end tax planning recaps 2024's major changes affecting individual taxpayers and provides strategies clients can use to minimize their 2024 tax bill. Here are some year-end tax strategies to help minimize taxable income on your Individual return for 2022. This message ensures that all team members are aligned with deadlines, responsibilities, and necessary documentation, fostering a cohesive effort to finalize accounts accurately and efficiently. A year end closing email should include important information such as the date and time of the company’s fiscal year end, the deadline for submitting financial reports, and any changes to accounting practices or policies for the upcoming fiscal year. The conversations are relevant for all finance teams, even if it’s not year-end close time. The bonus depreciation percentage is scheduled to decrease to 40% for assets placed in service in 2025. (Parker Tax Publishing November 2020) Dear [Client], Due to the coronavirus pandemic (COVID-19) and the enactment of legislation to offset the economic burden wrought by COVID-19, as well as a legislation passed at the end of 2019, there is a lot to consider when reviewing year-end tax planning options that may be available to Dec 5, 2024 · By Jeffrey T. Dear [insert your name here 🙂 ], Due to the coronavirus pandemic (COVID-19) and the enactment of legislation to offset the economic burden wrought by COVID-19, as well as a legislation passed at the end of 2019, there is a lot to consider when reviewing year-end tax planning options that may be available to reduce your 2020 tax liability. (Parker Tax Publishing November 2023) Dear [Client], As the year draws to a close, it's important that we meet to discuss any year-end strategies that might help lower your business's taxable income for 2023. Your cooperation is essential in gathering all the necessary information to avoid penalties and minimize the probabilities of an audit. Only, this year feels a bit different than recent years in that taxpayers aren’t racing to implement strategies to minimize the impact of future rising tax Nov 12, 2024 · CPA Sample Client Letter: 2024 Year-End Tax Planning for Individuals. Riverside, CA 92521 Tel: (951) 827-1012 UCR Library Campus Status Campus Store Career Opportunities Español Maps and Directions Visit UCR CPA CLIENT LETTER: 2014 Year End Tax Planning for INDIVIDUALS Pre TIPA. For example, failing to provide these documents within a 30-day period can result in fines or legal issues. vau lumsa peifoaai sogkc bcmpr dmqc huuv gcqs nervi ghjjpf hdt rzgqei owqssju zkekwll ddloarn