Small business owners working with clients

2021 Year-End Tax Planning Update

We thought that the 2020 tax year was unique with its challenges, legislative changes, and political strife. However, 2021 has proven to be just as unique, if not more challenging. As of the publication date of this planning letter, the $1 Trillion Infrastructure Investment and Jobs Act was passed, and the Build Back Better Act (BBBA) is making its way through Congress. The potential changes that the BBBA could bring and other legislative changes related to the ongoing pandemic continue to add an additional layer of complexity to our typical year-end tax planning. At HBK CPAs & Consultants, we want to ensure that our clients and colleagues are aware of the current and potential legislative changes, and how these changes may impact your tax situation.

We hope that the information in this letter is helpful, and we encourage you to reach out to your HBK tax advisor to discuss these planning opportunities prior to implementing any changes.

Download the update.
About the Author(s)
HBK Tax Advisory Group members are seasoned tax professionals with deep experience in consulting with business owners, families and other organizations to minimize taxes while always focusing on meeting client objectives. Our tax specialists collaborate with all HBK Team Members to provide our clients with the most up to date and innovative tax planning solutions. We keep our Team Members up to date on the latest tax developments and opportunities to increase the value of our tax services.
Hill, Barth & King LLC has prepared this material for informational purposes only. Any tax advice contained in this communication (including any attachments) is not intended or written to be used, and cannot be used, for the purpose of (i) avoiding penalties under the Internal Revenue Code or under any state or local tax law or (ii) promoting, marketing or recommending to another party any transaction or matter addressed herein. Please do not hesitate to contact us if you have any questions regarding the matter.