2020 Year-End Tax Planning

Embrace the Changes, and Rise to the Challenges

The economic, legislative, and policy changes brought about by 2020’s global pandemic bring tax implications for both individuals and businesses.  Are you positioned to maximize the potential financial scenarios these changes have created?

In order to position your tax strategy to your greatest advantage, you must know what has changed and what hasn’t. We recently hosted our annual Year-End Tax Planning webinar to review the tax impact of 2020’s new policies and legislation as they pertain to personal and business financial and tax planning strategies, answering the questions around what has changed, what hasn’t changed, and what issues lie ahead?

During the webinar, subject matter experts shared tax implications of the CARES Act, SECURE Act, Maryland’s pass-through entity law, the Paycheck Protection Program, and more to provide insights into the best options for the road ahead.

Individual Tax Planning

The following recording features Greg Horning, Amanda Wilhelm, and Chris DeBlanc sharing insights specific to retirement and investment planning under the SECURE and CARES Act, as well as miscellaneous income tax and estate/gift tax planning.

Business Tax Planning

The following recording features Jim Wilhelm and James Eaton sharing insights specific to how the CARES Act impacts 2020 year-end tax planning, the Maryland Pass Through Entity Election, PPP Deductibility, Entity Structuring, and more.

Corporate Tax Planning

The following recording features Michael Bondi sharing insights specific to the corporate tax outlook due to the election and the CARES Act – specifically accounting for income taxes and payroll tax deferral.