Many people wait to do year-end tax planning (not tax prep) in December, but I always tell my clients the best time to get started with a tax plan is earlier in the year. 

The reason is because tax planning strategies often take some time to implement. 

For example, you may need to change the legal entity of your business to reduce your tax liability. Waiting until the very end of the year will likely mean missed opportunity. 

There’s an old saying that goes, “The best time to plant a tree was 30 years ago. The next best time is today.” The same can be said with tax planning. 

If you’ve never done any tax planning, I think it’s time. 

Watch the video for a brief overview of the Craft Money Map System:

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