Personal Financial Services Tax Planning

At the end of September, the President signed the Small Business Jobs Act which provided roughly $12 billion in tax incentives and relief to business taxpayers. The legislation did not clarify, however, the significant uncertainty which exists around tax issues affecting individual taxpayers. Elliott Davis encourages you to be informed about the impact of these potential changes and wants to help you prepare for them. The below letter discusses potential planning strategies that may be of benefit to you.