As the end of the year quickly approaches, it’s crucial for businesses and individuals to stay informed about tax law changes and IRS/state updates impacting the current tax years.

Our tax experts will discuss year-end planning opportunities and offer insight into how future legislation could impact you and your business.

During our virtual webinar, you can expect to learn more about are:

• Research and Development Credit Changes: Learn about the latest updates and how they can benefit your business.

• Retirement Accounts Changes: Understand how the SECURE 2.0 Act couple impact your retirement savings and what steps you may need to take to get ahead.

• Corporate Transparency Act: Gather insights into this legislation and its potential impact on your business.

• Tax Law Changes: Explore the implications of the expiration of the Tax Cuts and Jobs Act and what it means for your financial strategy.

• Tax Planning for 2023 & Beyond: We’ll guide you through the remainder of 2023 and look ahead to 2024 to address potential changes and challenges on the horizon….(read more)

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TRANSFER IRA TO SILVER: Silver IRA Account

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As the year comes to a close, it’s an important time to review your financial situation and start thinking about tax planning. With changing tax laws and regulations, it’s essential to stay up to date on the latest updates to ensure you’re maximizing your tax savings and staying compliant with the law. Maner Costerisan is here to help guide you through these year-end tax planning strategies and updates.

One of the key changes to be aware of for the 2021 tax year is the American Rescue Plan Act, which was signed into law earlier this year. This legislation brought several changes to tax credits, including the Child Tax Credit and the Earned Income Tax Credit. It’s important to understand how these updates may impact your tax liability and take advantage of any new opportunities for tax savings.

For businesses, there are also updates to be aware of, including changes to the Employee Retention Credit and the Paycheck Protection Program. These programs have been adjusted to provide more flexibility and support for businesses affected by the COVID-19 pandemic. Understanding these changes and taking advantage of any available tax credits can help businesses navigate these challenging times and improve their bottom line.

Beyond legislative updates, year-end tax planning involves reviewing your financial situation and implementing strategies to minimize your tax liability. This can include taking advantage of deductions and credits, making strategic charitable contributions, and optimizing retirement contributions. It’s also a good time to review your investment portfolio and consider tax-loss harvesting to offset gains and reduce your tax burden.

Working with a trusted tax advisor, like the team at Maner Costerisan, can help you navigate these year-end tax planning strategies and ensure you’re making the most of your financial situation. Their expertise and guidance can help you maximize your tax savings and stay compliant with the latest regulations.

As the year comes to a close, now is the time to start thinking about your year-end tax planning and stay up to date on the latest updates. With the help of Maner Costerisan, you can navigate these changes with confidence and ensure you’re in the best possible tax position for the upcoming year. Don’t wait until the last minute – schedule a meeting with their team today to start your year-end tax planning.