June 20, 2014

2014 Mid-year tax planning letter cover

Click the image above to access tax tips and suggestions from our 2014 mid-year tax planning letter.

The first half of 2014 produced little in the way of major tax legislation, but tax planning opportunities still exist. Gelman, Rosenberg & Freedman’s mid-year tax planning letter provides information to help you develop effective planning strategies for your particular situation.

The current letter provides details about the following areas of taxation:


  • Income tax planning
  • Retirement plan funding
  • Household energy efficiency
  • Affordable Care Act compliance
  • Good recordkeeping

Business Activities

  • Employment changes
  • Children employees
  • Job skills development
  • Home employment
  • Dependent care
  • Retirement plans
  • Capital expenditure write-offs
  • Vehicle depreciation
  • Older asset repairs
  • Passive activity monitoring

The letter also provides insights about estate planning and offshore account disclosures.

Tax planning is an ongoing process. Your tax picture can change—sometimes dramatically—during the course of a year, and you need to react accordingly. Implementing thoughtful midyear strategies now may help you lessen the taxes you face in 2015.

Follow us on Twitter, LinkedIn, Facebook or Google+ for tax planning tips from this letter.