Beat The ClockTick . . . tick . . . tick. The year is drawing to a close--but it's not too late to cut your tax bill.

Don't let the year slip away without reviewing yourbusiness's tax status. Even though the clock's ticking,there's still time to take a look at where you stand andimplement some effective strategies to ease your tax burden.

Tax planning is especially important this year because of a hostof new tax law changes brought about by recently passed taxlegislation, such as the Restructuring and Reform Act of 1998 (see"Tax Talk," November ) and the Taxpayer Relief Act of1997. Both laws include changes that will affect your 1998 returnand add to its complexity.