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Year-end tax guide: Introduction

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2015 Year-end tax guideThe only certainty for businesses these days is uncertainty. We’re years past the economic downturn, yet some sectors remain stalled, while others are booming. The market is prone to wild swings, and many international economies are floundering. The volatility makes business planning and investment planning difficult, and Congress isn’t offering much help. The tax code is as unstable as ever, as lawmakers enacted new revenue raisers this year while neglecting (at the time this guide went to print) to extend the 50-plus popular tax provisions that expired at the end of 2014.

Investing and working in your business are hard. Your taxes don’t have to be. We can help you make sense of new tax opportunities and navigate the new tax challenges. Preparation is the key. This Year-end tax guide is your reference tool for understanding the biggest tax issues facing you and your business. It should answer your most pressing questions and is an excellent source of information on the new and evolving rules. The guide includes:
  • Tables and charts — More than 20 comprehensive charts and tables lay out important tax rules in easy-to-understand formats.
  • Tax law changes — Our first chapter and six law change alerts throughout the guide will highlight some of the most important changes affecting you and your business.
  • Action opportunities — We’ve packed the guide with more than 20 planning tips, examples and case studies you can use right now.
  • Business solutions — We’ve included a whole chapter on business ownership and provided more than a half dozen business perspective sections to help you understand your business tax obligations and opportunities.

As always, this guide will help show you how to tax-efficiently invest for retirement and share your wealth with loved ones. But remember, this guide can’t cover all possible strategies, and tax law changes are likely late in the year. As this guide went to print, legislation was pending that would extend many of the tax provisions that expired at the end of 2014. We’ve pointed out areas where we believe legislation could make a difference, but you should check for the most up-to-date tax rules and regulations before making any tax decisions. Contact your local Grant Thornton LLP professional to discuss your situation or for an update on tax legislation.

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This content supports Grant Thornton LLP’s marketing of professional services and is not written tax advice directed at the particular facts and circumstances of any person. If you are interested in the topics presented herein, we encourage you to contact us or an independent tax professional to discuss their potential application to your particular situation. Nothing herein shall be construed as imposing a limitation on any person from disclosing the tax treatment or tax structure of any matter addressed herein. To the extent this content may be considered to contain written tax advice, any written advice contained in, forwarded with or attached to this content is not intended by Grant Thornton LLP to be used, and cannot be used, by any person for the purpose of avoiding penalties that may be imposed under the Internal Revenue Code.

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