Have you started thinking about your 2021 tax bill? Your 2022 bill? Many strategies are available today which will disappear tomorrow! Don’t wait to start your planning in December, and for heaven’s sake don’t wait until April 2022! We’ll update you on the Biden Tax Plan along with probable tax changes on the horizon, and give you concrete tips for taking action NOW to protect your hard-earned money from higher tax rates to come.
- Retroactive increases in taxes
- PPP Forgiveness: Federal and State
- Accelerating income/gains from ’22 to ’21
- Is 1031 going away?
- Benefits of an S Corp
- Roth Conversion
- Death tax increase: $3.5M exemption
Call to book an appointment to discuss your mid-year tax planning!