Pit & Quarry, November 2017
TAXES PREPARING FOR REFORM An aggregate producers guide to tax planning in the face of potential changes BY MARK E BATTERSBY ood tax planning is based on an aggregate business current tax rate versus its future tax rates Federal tax reform continues to loom on the horizon So long as every owner and G operator is aware that there is some likelihood that tax rates and perhaps the rules will change next year now is an excellent opportunity for effective tax planning as well as savings In addition to deferring income until next year when tax rates may be lower looming tax reform would also make it more valuable to accelerate deductions into the current tax year This would offset the current tax rates that will no doubt be higher than next years But tax reform or not the following areas warrant consid 60 PIT QUARRY November 2017 pitandquarry com ISTOCK COM WUTWHANFOTO
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