Marcum LLP Issues 2021 Year-End Tax Guide
NOVEMBER 29, 2021 (New York City, NY) – Marcum LLP today released its 2021 Year-End Tax Guide, covering a broad range of tax planning strategies and considerations for 2022. More than two dozen articles and reference tables in the 71-page report highlight recent changes in tax law and the potential impacts of pending legislation.
“In many ways 2021 was even more challenging for taxpayers than 2020, when the pandemic economy first took hold. COVID-19 relief bills enacted in December 2020 and March 2021 made a number of tax law changes that affect 2021 tax filings for both individuals and businesses. The complexities of COVID relief applications, compounded by supply chain disruptions, the severe labor shortage, and the sudden spike in inflation, was a true test for middle-market companies. How taxpayers will be impacted by new and pending legislation, and what measures they employ to continue to thrive and remain nimble amid the confusion, underscores the extreme importance of planning for various scenarios going into 2022,” said Joseph Perry, national leader of Marcum’s Tax & Business Services Division.
“Marcum’s year-end tax guide is a reference tool to assist our clients with their decision-making and tax planning for 2021 and 2022. While much of the material is a moving target as legislative developments and new tax laws will continue to change the roadmap, it is a useful framework for getting started. We will issue amendments and updates throughout the year, as always,” said Tax Partner Diane Giordano, editor of Marcum’s tax publications.
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Marcum LLP is a top-ranked national accounting and advisory services firm dedicated to helping entrepreneurial, middle-market companies and high net worth individuals achieve their goals. Marcum offers industry-focused practices with specialized expertise to privately held and publicly registered companies, and nonprofit and social sector organizations. Through the Marcum Group, the Firm also provides a full complement of technology, wealth management, executive search and staffing, and strategic marketing services. Headquartered in New York City, Marcum has offices in major business markets across the U.S. and select international locations. Marcum is committed to the advancement of diversity, equity and inclusion. The Firm is a founding member of LEA Global and is the exclusive U.S partner firm of ECOVIS International. Ever wonder where the people with all the answers get all the answers? #AskMarcum.