It’s that time of year! As 2021 comes to a close, it’s time to start making sure you have all of your loose ends tied up when it comes to 2021 yearend tax planning. There’s a lot to think about as we get ready for 2022, and unfortunately, there’s a lot of uncertainty about what’s going to happen with tax laws, and there are a lot of items that aren’t 100% clear yet as potential new tax laws sit in front of the legislature.
The team at Edwards & Associates is giving you the low down on everything they want you to know and consider as the year comes to an end. They’re discussing what will change in the upcoming year, in addition to what could change and why 2021 yearend tax planning is so important.
In this episode, they’re talking about potential changes in the tax rates, including capital gains tax. You’ll also learn what you need to know about retirement plans, including both Roth and Traditional IRAs. Plus they’re talking about what you should consider for equipment purchases and other business expenses being on your books in 2021 vs. 2022.
If you have specific questions about this episode or if you'd like to have your question answered on a future podcast, please make sure to reach out to the Edwards & Associates team. Or contact any one of the excellent ADCPA affiliates across the nation at https://adcpa.org/.