The current budget debate on Capitol Hill is being shaped by several events in the next few months including raising the debt ceiling, the debate on sequestration, and the expiration of a continuing resolution to fund the government. March 1 A March 1, 2013 deadline is set for action on $1.2 trillion in automatic spending
While there has been no action yet on the fiscal cliff, high-income earners are wise to prepare for higher taxes, fewer or capped deductions, or all of the above. The window of opportunity to take advantage of tax strategies while tax rates remain historically low is narrowing, so now is the time to contact clients
The final quarter may be the busiest time for financial planning as clients focus on preparing for 2013. This year in particular has presented many challenges for clients as they try to grow and protect assets in the face of uncertainty around taxes and fiscal policy. Some key end-of-year strategies for consideration include: Contact clients