Business Assessment [AC]

Have you asked any of the following questions?

As a business owner in the U.S., should you be asking these questions?

What will my tax bill look like for 2021?

Is there anything I should do in the next month to reduce that?

If so, what?

Does it involve spending money?

Should I change my entity structure?

Can I still change my legal entity structure?

Am I going to pay more under Biden’s tax plan?

Do you have answers to these questions?

Yes, there’s still plenty that you can do to reduce your tax bill this year.

But once we cross over into 2022, it becomes much more difficult and the tax savings are reduced.

And by the way, it doesn’t involve spending money to save on taxes.

Talk to your tax person soon!