Family Business Matters
With over 235 family and privately-held businesses, the University of Toledo Family Business Center offers benefits that include access to local, regional, and nationally recognized business experts and affiliates. This podcast highlights this expertise on a variety of business and family-business-related topics -- enjoy!
Family Business Matters
Tax Planning for 2021 and 2022
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UToledo Family Business Center
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Season 1
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Episode 2
Looming changes to income taxes, capital gains taxes and estate taxes may pose big burdens to family businesses. At this Webinar, Center sponsor, The William Vaughan Company, will review the following legislation and go over what this means for you and your business. And more importantly, what steps you can take now to protect your interests and way of life.
- Increase in tax rates, both corporate and individual
- Increase in capital gains rate
- Broader application of the NIIT
- Limitation on the Qualified Business Income Deduction for high income individuals
- Elimination of the "back-door" Roth contributions for high income individuals
- Possible SALT cap repeal
Careful, advanced planning is your best defense against the proposed tax implications.