2019 Year-End Tax Planning Checklist For Dealers

Dec 5, 2019

As another tax year comes to a close, it is time to consider your tax planning opportunities. The tax law passed at the end of 2017 continues to have a major impact on your business and personal income tax returns.

 Year-End Planning:

Owners who operate their business as a pass-through entity such as partnerships and S Corporations are entitled to a deduction of up to 20% of their qualified business income (QBI). The deduction can be maximized through salary planning and entity aggregation.

2019 Year-End Tax Planning Checklist for Dealers