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The Benefits of Tax Planning

posted on:  4/15/2007    revised: 3/10/2010

 

 

"The avoidance of taxes is the only intellectual pursuit that carries any reward."
-John Maynard Keynes

 

I am amazed that so many people, including financial advisers, have not incorporated a tax planning strategy into the core of their own personal and business planning. The return on an investment of a few hours of tax planning each year is typically thousands of tax dollars saved. Yet few people go farther than keeping up with the tax planning news in newspapers and magazines. Taking it a few steps farther to do some calculations and then execute a plan of action would make all the difference.

 

 

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Copyright 2010 by Tony Novak. Originally produced and published for the "AskTony" column syndication prior to 2007. Edited and independently republished by the author in March 2010. All rights reserved.