Insight

Confident tax planning for a year of uncertainty

Key tax changes individuals, particularly those leading privately held companies, will need to consider for the new tax year.

Conor Moore

Conor Moore

Partner, National Leader, KPMG Private Enterprise, KPMG US

+1 415-335-8401

Brad Sprong

Brad Sprong

Partner, National Tax Leader, KPMG Private Enterprise, KPMG US

+1 816-802-5270


 

Pandemic relief legislation has included both new and expanded tax benefits and incentives. The President’s multi-trillion spending proposals now before Congress have policy makers looking to the tax code in order to balance the books. Taxpayers will need to remain vigilant.

In this edition of Privately Speaking, we spotlight some of the key new and proposed changes, opportunities, and considerations individuals (particularly those leading privately held companies) will need to consider when filing their 2021 returns and planning for the 2022 tax year.

Business leaders and individuals are facing a complex and uncertain array of federal and state tax rules heading into 2022. This isn’t just about how much you will pay in 2022; it’s about how you structure your personal and business interests to remain tax efficient in the years to follow when there is current uncertainty as to what the tax laws may be. The decisions you make this year could impact your growth and capital needs long into the future.
Brad Sprong, National Tax Leader, KPMG Private Enterprise


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This series explores ways to help private companies become successful at any stage of the business journey.

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