Year End Checklist - 2020 (Employees and Individuals)
It is that tiime of year again, 2020 is turning to 2021, and I don't think people have ever been so excited to see a new year. Here are some things to consider as we turn the page on 2020.
EMPLOYEES AND INDIVIDUALS
1. If in 2021 you are expecting a significant income drop, consider timing your income by taking a bonus in 2021 opposed to 2020. If your income is low in 2020 and you expect an increase in 2021, consider taking the bonus in 2020.