Tax Planning for 2022 and Beyond
Tax planning issues you should be aware of before the end of the year.
Pass-Through Entity Update – 2022 Tax Year
California is requiring a "down-payment" on the Pass-Through Entity Tax Credit (PTE) for 2022, due June 15, 2022.
The Biden Tax Plan
For those with taxable incomes above $400,000, expect higher ordinary income tax rates, additional payroll taxes, capped itemized deductions, and a phase out of Qualified Business Income deduction.