Following the results of the Georgia runoff elections, we know that the Democrats hold the majority in Congress. As a result, there is a lot of speculation about President-Elect Biden’s tax plan and what changes we can potentially expect in the future. In this audio blog, CK Principal Karen Snodgrass addresses the speculation and how you can prepare:

• What are the possible implications of President-Elect Biden’s tax plan?
• Who will likely see an increase on taxes?
• What other changes to taxes can we expect from President-Elect Biden’s plan?
• As a business owner, what can I do to prepare for these potential changes?

Of course, we don’t know exactly what will happen in the coming months. With a new administration and the pandemic still surging, there is a lot at play. Rest assured, as developments occur, we’ll be sure to keep you informed on our blog. In the meantime, you can listen to Karen’s insights and predictions below:

If you have any questions about President-Elect Biden’s tax plan, please don’t hesitate to contact Cray Kaiser today.

Please note that this blog is based on laws effective on Friday, January 15 and may not contain later amendments. Please contact Cray Kaiser for most recent information.