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2017 Year-End Tax Planning for Individuals and Businesses

As 2017 winds down, business owners may still benefit from several tax savings strategies. Our associates at HBK CPAs & Consultants want to ensure that our clients and colleagues are aware of the many opportunities still available and applicable even this late in the year.

Year-end planning for 2017 is complicated by impending changes to the tax code for 2018 and beyond. President Trump made tax reduction a centerpiece of his economic plans during his campaign by proposing lower and consolidated individual income tax rates, expanded tax breaks for families and the intent to repeal the Affordable Care Act. Those proposed changes are starting to take shape and may drastically alter current tax laws.

Businesses seeking to maximize tax benefits through year-end tax planning in 2017 should also look ahead and consider the potential impact tax code changes my have on their businesses. If these proposals become law, your tax planning needs to be reviewed. We will work with you to maximize your businesses’ potential tax savings.


Planning For Tax Reform
The Trump Administration released their “Tax Reform Framework” on September 27, which reflects various changes to corporate and personal income tax. The Senate Tax Reform Plan was announced on November 13, and the House Bill passed on November 16.


Download the 2017 HBK Year End Tax Update


Established in 1949, HBK CPAs & Consultants (HBK) offers the collective intelligence of hundreds professionals in a wide range of tax, accounting, audit, business advisory, financial planning, and other business operational and support services from offices in four states. HBK professionals deliver industry-specific expertise in manufacturing; healthcare, including long-term care; real estate and construction; automotive dealerships and not-for-profit organizations. HBK combines the technical resources and expertise of a large national accounting and professional consulting firm with the personalized attention of a local company. The firm is ranked in both Accounting Today and Inside Public Accounting magazines' Top 100, and supports clients globally as a member of BDO Alliance USA. HBK maintains locations in Alliance, Columbus and Youngstown in Ohio; Blue Bell, Erie, Hermitage, Meadville and Pittsburgh in Pennsylvania; Cherry Hill and Princeton in New Jersey; and Fort Myers, Naples, Stuart, and Sarasota in Florida.

To learn more about HBK, call 800.733.8613 or visit us at

HBKS® Wealth Advisors is not a CPA or legal firm, and does not give tax advice. Investment advisory services offered through HBK Sorce Advisory LLC, doing business as HBKS® Wealth Advisors. Not FDIC Insured - Not Bank Guaranteed - May Lose Value, Including Loss of Principal - Not Insured by any State or Federal Agency. The foregoing was prepared by Hill, Barth & King LLC, and is not a product of HBKS® Wealth Advisors. Please remember, the information in this document is intended only as a general discussion of the tax laws. It does not address your individual facts and circumstances, and can not be considered as tax advice. If you would like to receive tax advice, please contact a properly licensed CPA or tax attorney.

To learn more about HBKS, call 866.536.5776 or visit us at

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