In the face of opposition from moderate Democratic Senators, the Build Back Better Act did not pass in 2021; what is the future of the BBBA?
After months of negotiations, the White House has released a framework for the Build Back Better Act, a $1.75 trillion package of social infrastructure measures paid for by tax increases.
When assessing your tax situations for 2021 and subsequent years, consider whether you may benefit from traditional tax accounting method planning, which aims to defer income recognition and accelerate deductions, or “reverse” tax accounting method planning, which does the opposite.
The Biden Administration has made tax policy a legislative priority, but will we actually see a 2021 tax bill, and what might it include?
Biden’s American Families Plan and other proposals with potential tax increases will complicate the tax landscape for high-income earners.
With the first 100 days in the rearview mirror, Biden Administration priorities are shifting to the future. Business leaders should prepare for swift movement in ESG, innovation, infrastructure, tax policy, and other areas of focus.
The Biden administration recently unveiled a $1.8 trillion American Families Plan to provide assistance to middle- and low-income families that would be largely funded by tax increases on wealthy Americans.
Biden’s American Jobs Plan includes proposed corporate tax reform that would increase the corporate tax rate and the global minimum tax, eliminate federal tax benefits for fossil fuel companies, and strengthen enforcement against corporations.
The newest PPP changes announced by the SBA are intended to benefit the smallest of small businesses. PPP loans will be available exclusively to businesses with 20 or less employees and sole proprietors from Wednesday, February 24 through March 10, 2021.
With the upcoming inauguration, every nonprofit has the same question in mind: How will the shift in government affect my organization? A bipartisan panel will discuss in this upcoming webinar.
Whatever 2021 may hold, you will want to give consideration to these year-end tax savings strategies for businesses.
Successful year-end tax planning involves knowing which direction future rates will go; much is riding on the outcome of the election process.