2020 Year-End Planning Tax Letters for Individuals and Businesses

November 3, 2020

Much has changed throughout this year.  As 2020 comes to a close, you can be sure of one constant: future tax filings and the need for tax planning for yourself and your business. This election year, consider that neither candidate released a formal plan regarding the tax code. Businesses and taxpayers are wise to take note of what has been discussed along the campaign trail.

Given this uncertainty, we are pleased to be able to provide our clients with these valuable tax planning resources for businesses and individuals. Business owners can benefit from the strategies for finding relief, generating cash flows, and optimizing operations. Individual filers should review new income tax brackets, new tax laws, and strategies for identifying opportunities regarding tax obligations.

Set aside some time before this coming tax season to review these important documents from BDO’s financial experts:

To view the full letter for businesses, please click here.

To view the full letter for individuals, please click here.

You can count on us to give you tools to help future-proof your tax liabilities. Should you have any questions regarding tax planning, please do not hesitate to reach out to your accountant or contact Nate Miller, nmiller@gccpas.net.

 

 

200 West Roseburg Avenue
Modesto, CA 95350

(209) 527-4220 (phone)
(209) 527-4247 (fax)

https://www.grimbleby-coleman.com/resources/articles/244

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Our Commitment to Safety and Prevention of COVID-19

Dear friends and clients,

Thank you for putting your trust in us to provide your tax and advisory services. These are rare and unusual circumstances; but be assured, we are committed to providing continued services and support over the coming weeks.

To lessen our societal impact, as well as to protect the well-being of you, our clients, and our team, we ask that the majority of our communications be electronic or over the phone (we have rescheduled all meetings to be handled in this way).

At this time, our office is closed to the public. You may drop off paper documents in our mail slot. We strongly encourage you to use our electronic collaboration tools for securely scanning and sending tax documents and we have the necessary data security in place to ensure security and privacy.

To read our January letter detailing our electronic collaboration tools, and specific instructions, click here. We are happy to assist in the set-up of any of these applications, if you have not used them in the past; contact our Admin team at the phone number or email below.

GC looks forward to normalizing our processes as soon as safety dictates. Be well and take care of yourselves, your community, and your loved ones. We are here for you professionally and personally, so do not hesitate to reach out.

All the Best,

Clive Grimbleby, President
Grimbleby Coleman CPAs
Certified Public Accountants, Inc.
(209) 527-4220
contactus@gccpas.net

 

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