2020 Year-End Planning Tax Letters For Individuals And Businesses

By Nate Miller, CPA, MS

November 3, 2020

Much has changed throughout this year.  As 2020 comes to a close, you can be sure of one constant: future tax filings and the need for tax planning for yourself and your business. This election year, consider that neither candidate released a formal plan regarding the tax code. Businesses and taxpayers are wise to take note of what has been discussed along the campaign trail.

Given this uncertainty, we are pleased to be able to provide our clients with these valuable tax planning resources for businesses and individuals. Business owners can benefit from the strategies for finding relief, generating cash flows, and optimizing operations. Individual filers should review new income tax brackets, new tax laws, and strategies for identifying opportunities regarding tax obligations.

Set aside some time before this coming tax season to review these important documents from BDO’s financial experts:

To view the full letter for businesses, please click here.

To view the full letter for individuals, please click here.

You can count on us to give you tools to help future-proof your tax liabilities. Should you have any questions regarding tax planning, please do not hesitate to reach out to your accountant or contact Nate Miller, nmiller@gccpas.net.