Marcum 2021 Year-End Tax Guide

They are also very complicated times. November’s midterm elections sent a clear signal that the American people are not happy with the pace or direction in which things are currently headed. Less than a year since the reins of power shifted from one side of the political aisle to the other, local elections brought the pendulum back to a significant degree. For better or worse, we can expect that the road to passage of the various legislative proposals now on the table will be long and rocky, with no clear horizon from today’s vantage point. The big picture reveals visceral challenges for many industries and many of our clients. How taxpayers will be impacted and what measures you employ to continue to thrive and remain nimble amid the confusion underscores the extreme importance of planning for various scenarios. Your Marcum tax advisors are here to help. We are highly sensitized to your need for service at an ever-faster pace, as tax planning becomes increasingly complex and time-sensitive. While the accounting profession and Marcum are certainly not immune to the pressures faced by all sectors of the economy, we have the advantage of offering you the resources of a full team of eminently qualified, highly trained professionals available to ensure you receive the focused attention and personal service you deserve. Providing you exceptional service is and always will be our top priority. As leader of Marcum’s national Tax Division, it is my personal goal to ensure that we exceed your expectations. If at any time you have questions or concerns, you are invited and encouraged to contact me directly – I will work with you and your Marcum service team to optimize your client service experience. That said, one of the most effective ways to ensure you receive the most thorough and insightful guidance from Marcum is to convey your unique facts and circumstances as far ahead of filing deadlines as possible. Even in the best of times, having sufficient time to fully understand your situation and devise potential solutions that match your needs is necessary and appreciated. This Marcum 2021 Year-End Tax Guide provides an overview of many of the issues affecting our clients as you consider how to approach tax strategy and planning for 2022. It is important to note that it was assembled prior to the passage, and therefore the final language, of many proposed legislative bills. Marcum will keep you apprised of any changes or new legislative developments as they occur, throughout 2022 and beyond. You are also invited to consult the Insights page of our website frequently for the latest updates. Marcum is proud and grateful to partner with you in your pursuit of growth, profitability and success. We deeply appreciate your trust in us and are dedicated to upholding that trust every day.

Wishing you a happy, healthy New Year.

Sincerely, Joseph J. Perry National Leader, Tax & Business Services Marcum LLP

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