Year-End Tax Newsletters
04 January 2021
View our 2020 Newsletters...2020 Year-End Tax Planning for Businesses
2020 Year-End Tax Planning for Individuals
The COVID-19 pandemic caused 2020 to be fraught with uncertainty, rising costs, decreased income/revenue and an unpredictable impact on the U.S. and world economies. The Families First Coronavirus Response and CARES Acts were intended to provide businesses, business owners and individuals with opportunities for assistance to combat the unprecedented challenges caused by the temporary shutdown of the economy. In a year where access to cash was and continues to be vital, tax planning and tax savings are even more important than before.
Year-end tax planning presents the chance for significant savings that affect both your business and personal bottom line. Businesses, business owners and individuals need to ensure continued compliance with new guidance and understand how to minimize their tax liability for both 2020 and 2021. Our newsletters contain general information and strategies to help you to optimize your tax planning strategies.
Call us today and schedule a meeting to review your business or individual income tax profile. We welcome the opportunity to work with you on planning or other important income tax matters.
If you have any questions or want to know how we can assist, feel free to contact any one of our tax team members directly.