The Motley Fool Discussion Boards
Financial Planning / Tax Strategies
|Subject: Why wait until year end to bill?||Date: 11/14/2000 1:36 PM|
|Author: brettrkr||Number: 41769 of 121100|
"If you're self-employed, plan when you bill now. If you have made more this year than you expect to make next year, bill at the end of the year for services you perform near year-end. That way, you'll get paid next year, when you may be in a lower tax bracket."
Look under 'Can You Manage Your Income?'
Why are there references in the above article to waiting until December or "year end" to bill clients? What's wrong with doing this in October or November?
What is meant in the 'Tax Tips' gray box for #2: Speeding up payments?
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