Tax Strategies for Business Owners to Act on Before April 15th – 1/28/21 10am
With the inauguration of the new administration and April 15th just around the corner, it’s important to plan ahead and take advantage of top tax strategies that could impact you and your business. Join us as we share top strategies to action on prior to April 15th for business owners including:
- Funding tax shelters for 2020 (IRA, Roth, SEP, Simple, Solo 401k, HSAs, etc)
- Getting on track to fund tax shelters for 2021
- Commonly missed tax shelters
- How some business owners supercharge their tax shelters ($300k+ deduction with a Cash Balance Plan versus a $19,500 deduction with a standard 401k)
- Whether an entity change could result in a tax reduction (LLC, partnership, S corp, C corp)
- Impact and timing of the Biden tax proposals
- Making sure start of the year benefits are in order (deadline for filing S or C election, bookkeeping protocols, retirement plans, funding calendar, etc)
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