As we move through the last two months of the tax year 2017, it is time to start thinking about tax planning for your veterinary clinics and hospitals. As Congress is still working on tax reform, there will likely be major tax change coming soon. However, it is anticipated that any changes will not be retroactive, therefore mostly impacting 2018 taxes and not 2017. Nearly all taxpayers are expected to be affected by the proposed changes. In the absence of clarity and certainty, it is important to strategize for 2017 and to plan for deductions, credits, and tax opportunities that are available now.

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