Now is a great time to take a quick look at your tax situation for this year as there is still time to make needed adjustments. Here is a short checklist:
Check your tax deposits to avoid underpayment penalties. Your final quarterly tax deposit is due on January 15, 2015.
Check your income. If more or less than you predicted some year in tax planning may be in order.
Check our expenses. Speed up or slow down your spending as needed.
Retirement planning, now is a good time to review your plan or start one.
Taking a few minutes now can improve your tax situation.