Chicago, IL (PRWEB) December 03, 2013
Baker Tilly Virchow Krause, LLP (Baker Tilly) has published its 2013 year-end tax planning letter, focusing on helping taxpayers plan for higher rates. The letter also discusses the status of tax reform, various tax provisions expiring at the end of 2013, and changes in international and state and local taxes.
“While we’re not dealing with the degree of uncertainty we were at this time last year, tax law changes that took effect in 2013 could greatly affect taxpayers on April 15,” Kelly Toole, Baker Tilly Tax Services Managing Partner, said. “We believe this letter offers valuable information on how to prepare for higher rates and expiring tax credits and incentives.”
Additionally, the letter tackles the impact of the new 3.8 percent Medicare tax, estate and gift planning in light of increased tax exemptions, and strategies for businesses and individuals to minimize their tax burden.
As a way to continue the discussion on topics in the letter, Baker Tilly is hosting a webinar, “Business tax update,” Thursday, Dec. 5, 2013. It will include an overview on the progress of tax reform, updates on the latest legislation, and available tax-savings opportunities.
About Baker Tilly
With more than 1,600 employees, Baker Tilly provides a wide range of accounting, tax, and advisory services. Ranked as one of the top 20 largest firms in the country*, Baker Tilly serves clients from offices in Chicago, Detroit, Minneapolis, New York, Washington DC, and throughout Wisconsin.
Baker Tilly is an independent member of Baker Tilly International, a worldwide network of independent accounting and business advisory firms in 131 countries, with 26,000 professionals. The combined worldwide revenue of independent member firms is $3.3 billion.
*According to the 2013 Accounting Today “Top 100 Firms.”