Assume it is December 1, 2017 and you own a small business with a calendar year-end for

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Assume it is December 1, 2017 and you own a small business with a calendar year-end for tax purposes. You expect your business to report a large profit in 2017, when the tax rate is 35%. However, the tax rate is scheduled to drop to 21% on January 1, 2018. Which of the following tax planning strategies would generate tax savings for your business?

Posted Date: Dec 16, 2021 09:50 PM

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Assume it is December 1, 2017 and you own a small business with a calendar year-end for

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