Many individuals think about taxes after the tax year has ended.  We believe it is far more sensible to do year-round tax planning.  During the course of the tax year we may uncover opportunities for implementing tax-savings strategies, such as tax-loss harvesting, investing in a tax deferred or tax exempt account versus a taxable account, or income shifting.  Clients who have stock options may need guidance to assess probable tax implications upon exercise or postponement of exercise.  For business owners we consider issues such as pension planning and other employee benefits.  Whatever the situation, if we discover areas of potential reduction in tax liability, we discuss the topics with our clients and encourage them to speak to the appropriate professionals who specialize in those areas of interest.