2021 Tax Update for Contractors
Presenter: Rich Shavell, CPA, CVA, CCIFP, Shavell & Company PA.
• What tax provisions were included in the package signed in late December?
• What tax issues are part of the Biden’s Administrations current Stimulus Package?
Biden tax proposals:
• What’s proposed and what’s it really means?
• Are tax increases likely to impact 2022 or 2021?
• Get your Second Draw Loan by March 31st
• PPP and the employee retention credit are retroactively uncoupled - don’t miss out on the liberalized and extended credit if you qualify.
• Eligible expenditures have been liberalized - do I need to even consider this?
And the usual:
• Tax cases, regulations issued that impact the industry.
• Planning opportunities