Tax planning for 2016 is marked by certainty and uncertainty. Many valuable tax
breaks were made permanent by the Protecting Americans from Tax Hikes Act of
2015 (the PATH Act). But there are some tax breaks that the PATH Act only temporarily extended, in many cases only through December 31, 2016. Even though
many tax law provisions are now “permanent,” this simply means that they don’t
have expiration dates. With tax reform still on Congress’s agenda and a new President entering the White House, some major changes could be on the horizon. This article provides an overview of some key tax provisions and a variety of tax strategies for entrepreneurial and mid-market business owners.
In this whitepaper, we cover:
- What are the best 2016 business deductions?
- Which employee benefits offer 2016 tax savings?
- Which tax credits apply to my business in 2016?