Tax
Dec. 23, 2024
Every year-end is taxing
Year-end is a stressful period with significant tax considerations, especially for law firms and individuals operating on a calendar year basis.
Robert W. Wood
Managing Partner Wood LLP
333 Sacramento St
San Francisco , California 94111-3601
Phone: (415) 834-0113
Fax: (415) 789-4540
Email: wood@WoodLLP.com
Univ of Chicago Law School
Wood is a tax lawyer at Wood LLP, and often advises lawyers and litigants about tax issues.
Year-end is a stressful time. Amidst year-end invoicing, collections, bonuses to consider, and office and personal commitments, it can take a toll. But some things need doing, and tax-related issues feature prominently. Our tax system is annual, and most law firms, like individuals, operate on a calendar year basis.
That means Dec. 31 is the cutoff for payments you make and receive. There are exceptions, such as pension plan contributions that can be ma...
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