Tax Law Update & Year-End Tax Planning 2021 for Business Owners – Webinar Replay

Time to Watch: 51 Minutes

Chris Pegg discusses tax law updates and year-end planning considerations for 2021, specifically geared for business owners.  Tune in to learn more about:

• Legislative update for tax reform – what didn’t happen and what we still might see including
  • Possible changes to net investment income tax for S-Corps
  • Qualified Small Business Stock exemption reduction
  • Potential limited use of active pass-through business losses
• Simple tax planning tactics to consider now for current year tax savings including
  • Contributions to qualified plans
  • Deferred invoices
  • Section 179 deduction strategies
  • Maximizing 199A deduction, if possible
  • Charitable contribution “stacking”
  • Creative gifting strategies for families
  • Roth conversion
• More advanced tax planning strategies that high net worth families and business owners should consider including:
  • Qualified plans
  • Qualified Opportunity Zones
  • Qualified Small Business Stock exclusions
  • Overall business entity structure review

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