--- title: 2016 Year-End Tax Planning for Individuals and Businesses description: Machen McChesney provides individuals and businesses with year-end tax planning tips. image: https://info.machen.cpa/hubfs/iStock-488306377-771627-edited.jpg --- [Family of Services](http://machenmcchesney.com/about-us/family-of-companies/)  |  [CPA & Business Advisory](http://machenmcchesney.com)  |  [Payroll, HR & Benefits](http://focuspaysolutions.com/)  |  [Wealth Management](http://machenmcchesney.com/services/financial-planning-and-wealth-mangement-services/) Auburn-Opelika (334) 887-7022 | Montgomery (334) 244-8900 [![Machen McChesney](https://info.machen.cpa/hs-fs/hub/471263/file-2521950511.png?width=279&name=file-2521950511.png "Machen McChesney")](http://machenmcchesney.com) Search this site on Google Search Google Search this site on Google Search Google - [Client Portal](https://machenmcchesney.sharefile.com/Authentication/Login) - [1040 Electronic Organizer](https://www.my1040data.com/account/login/HT7902990) - 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Individual income taxes, whether paid through employer withholding or quarterly estimates, are probably one of your largest annual expenditures. You may want to consider opportunities to reduce or defer your annual tax obligation. Also, if you own a business, some opportunities may apply regardless of whether your business is conducted as a sole proprietorship, partnership, limited liability company, S corporation, or a regular corporation. Other opportunities may apply only to a particular type of business organization. These *Tax Planning Letters* are intended to assist you in your individual and business tax planning efforts. Our accountants understand that year-end tax planning may be an overwhelming task for you to undertake without assistance. Machen McChesney can assist you with a year-end plan that incorporates strategies to possibly help minimize your federal tax liability. Please call your Machen McChesney trusted advisor today if you need assistance with year-end tax planning. [2016 Tax Letter for Businesses](https://info.machen.cpa/hubfs/2016-Tax-Letter-for-Businesses+Machen-2.pdf) [2016 Tax Letter for Individuals](https://info.machen.cpa/hubfs/2016-Tax-Letter-for-Individuals+Machen-1.pdf) Please feel free to [visit our website](http://machenmcchesney.com/) or [visit our blog](https://info.machenmcchesney.com/blog) at any time during the month to interact with additional valuable resources and helpful information.   **If you have any questions on the topics above or need assistance with [individual](http://machenmcchesney.com/services/individuals/) or [business](http://machenmcchesney.com/services/taxation/) tax planning, contact Marty Williams, CPA by calling (334) 887-7022 or by leaving us a message below.**   **[![New Call-to-action](https://no-cache.hubspot.com/cta/default/471263/9183aa4d-ab7b-45ac-9e74-78e0c9aedea3.png)](https://cta-redirect.hubspot.com/cta/redirect/471263/9183aa4d-ab7b-45ac-9e74-78e0c9aedea3)** Topics: [Tax Planning](https://info.machen.cpa/blog/topic/tax-planning) Search this site on Google Search Google ### Recent Posts ### Subscribe to Blog ### Posts by Category - [Business Tax (353)](https://info.machen.cpa/blog/topic/business-tax) - [Business Advisory (231)](https://info.machen.cpa/blog/topic/business-advisory) - [Payroll, HR & Benefits (122)](https://info.machen.cpa/blog/topic/payroll-hr-benefits) - [Audit & Assurance (112)](https://info.machen.cpa/blog/topic/audit-assurance) - [Accounting & Outsourcing (79)](https://info.machen.cpa/blog/topic/accounting-outsourcing) - [Individual Tax (75)](https://info.machen.cpa/blog/topic/individual-tax) - [Tax Planning (33)](https://info.machen.cpa/blog/topic/tax-planning) - [Tax Updates (25)](https://info.machen.cpa/blog/topic/tax-updates) - [Retirement & Wealth Management Planning (18)](https://info.machen.cpa/blog/topic/retirement-wealth-management-planning) - [Taxation (15)](https://info.machen.cpa/blog/topic/taxation) - [Alerts (13)](https://info.machen.cpa/blog/topic/alerts) - [Business Valuation (11)](https://info.machen.cpa/blog/topic/business-valuation) - [Tax News (11)](https://info.machen.cpa/blog/topic/tax-news) - [Individual Tax Planning (10)](https://info.machen.cpa/blog/topic/individual-tax-planning) - [News & Events (10)](https://info.machen.cpa/blog/topic/news-events) - [Not For Profit (10)](https://info.machen.cpa/blog/topic/not-for-profit) - [Retirement Planning (9)](https://info.machen.cpa/blog/topic/retirement-planning) - [Estate Planning (8)](https://info.machen.cpa/blog/topic/estate-planning) - [Manufacturing Industry Insights (7)](https://info.machen.cpa/blog/topic/manufacturing-industry-insights) - [Individuals (1)](https://info.machen.cpa/blog/topic/individuals) - [Insider (1)](https://info.machen.cpa/blog/topic/insider) - [Professional Standard News (1)](https://info.machen.cpa/blog/topic/professional-standard-news) see all [![Returning_Value](https://info.machen.cpa/hs-fs/file-2504250850-jpg/Machen-Blog-Image/Returning_Value.jpg)](http://machenmcchesney.com/about-us/mission-and-values/) - [![](https://info.machen.cpa/hs-fs/file-2486483166-jpg/Machen-Blog-Image/aicpa.jpg)](http://www.aicpa.org/Pages/default.aspx) - [![](https://info.machen.cpa/hs-fs/file-2494475845-jpg/Machen-Blog-Image/bdo.jpg)](http://www.bdo.com/alliance/) - [![](https://info.machen.cpa/hs-fs/file-2494475855-jpg/Machen-Blog-Image/nacva.jpg)](http://www.nacva.com/) - [![](https://machenmcchesney.com/img/readers-choice2019.jpg)](https://oanow.upickem.net/engine/Winners.aspx?contestid=104699) - [![actbf-1](https://info.machen.cpa/hs-fs/hubfs/actbf-1.jpg?width=121&name=actbf-1.jpg)](http://www.accountingtoday.com/) - [![pa400](https://info.machen.cpa/hs-fs/hubfs/pa400.jpg?width=121&name=pa400.jpg)](http://insidepublicaccounting.com/) 1820 East University Drive, Auburn, AL 36830 | Tel: (334) 887-7022 | Fax: (334) 887-7221 1761 Taliaferro Trail, Montgomery, AL 36117 | Tel: (334) 244-8900 | Fax: (334) 364-0927 - [LinkedIn](https://www.linkedin.com/company/675439?trk=tyah&trkInfo=idx%3A1-1-1%2CtarId%3A1424436970395%2Ctas%3Amachen+mcchesney) - [Facebook](https://www.facebook.com/machenmcchesney) - [Google](https://plus.google.com/101356546927388458481) - [Twitter](https://twitter.com/machenmcchesney) [Powered by Skoda Minotti Strategic Marketing](http://marketing.skodaminotti.com)