Finance
Tax planning is essential at this time of year
Published by Gbaf News
Posted on December 18, 2019
2 min readLast updated: January 21, 2026
Global Banking & Finance Review®
Company
Published by Gbaf News
Posted on December 18, 2019
2 min readLast updated: January 21, 2026
Crowe releases its 2019 year-end tax planning guide
Many provisions of the Tax Cuts and Jobs Act (TCJA), the most sweeping tax legislation since 1986, went into effect over the past year, dramatically changing the tax landscape. While these provisions included individual income tax and business tax rate reductions, they also limited or removed many tax breaks. To help navigate these changes, Crowe LLP, a public accounting, consulting and technology firm in the U.S. with offices around the world, has issued “Tax Planning: 2019 Year-End Guide.”
According to Gary Fox, managing partner of tax services at Crowe, smart timing of income and expenses can reduce tax liability, and poor timing can unnecessarily increase it. “The IRS has been releasing guidance on key components of tax reform at a rapid pace and will continue to do so,” said Fox. “Tax professionals are continually working through these details and changes, so it’s critical for businesses and individuals to consult with their tax advisers now to determine the best strategies for their particular situation.”
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