2008 Treat You Rough? Take advantage!

You may look back on 2008 as a terrible year for your business. Even as you hope to put the rough days behind you, don’t miss out on some tax opportunities.  Here are a few ideas to consider.

• Net operating loss carryback
• Does the State of Florida owe you money?There are numerous state tax credits that most people don’t know about.  If you’ve just ended a rough year, there’s no better time to investigate whether you’ve failed to take advantage of them – or even overpaid the State.  In some cases, refunds can be claimed up to three years back.
• Decreased business value plus low interest rates make now the perfect time to take action on succession planning.  And pending legislation means the window of opportunity may be closing.  You’ll kick yourself if you miss this chance.