Six months from now, what will your business’s tax position be? (Talk about a literal million-dollar question!)
President Biden has proposed new federal tax plans affecting both businesses and individuals. And while the specifics remain up in the air, the time to start preparing your business to adapt is now.
In this episode of The Wrap, Lisa Billings, CPA, and William Dow, CPA, join our hosts to discuss the possibilities of future tax changes under the Biden Administration and what implications they could have for businesses.
After listening to this episode, you’ll be able to:
- Understand where the American Families Plan stands in the legislative life cycle
- Differentiate the Made in America Tax Plan from the American Families Plan
- Grasp what economic impact these plans may have and how it may influence decisions made by business owners and leaders
- Know what provisions have been proposed as part of these plans
- Understand what impact the federal tax plans may have on state taxes
- Consider how your business can start anticipating future tax changes now
This episode reflects our views at the time it was recorded. Information within should be used as reference only. We recommend that you talk to your Warren Averett advisor, or another business advisor, for the most current information or for guidance specific to your organization.
