06 Nov 2020 Tax Planning Guide 2020-21
What word other than “unprecedented” can be used to describe the events we’ve experienced this year? During such times, tax planning is far from top of mind. But it’s still important. Smart tax planning can provide much-needed financial relief to individuals and businesses.
There are many unique tax planning opportunities this year. Have you experienced changes in business or personal income, job changes, or unemployment?
To take advantage of all available breaks, you need to be aware of some major changes. This guide offers a variety of strategies for minimizing your taxes in the current tax environment. Use it to work closely with your tax advisor to identify the best strategies for your particular situation.