Скачать или смотреть Navigating Tax Law Changes for Growth | Hidden Money Podcast S3 Ep 7

Get a peek into the possible financial future. Mike and Kevin discuss the impact of coming administrative changes on current tax law and business, and what would be best for the US economy.

Get an insider’s peek and learn how to leverage tax incentives for your business growth. Be ready in volatile times and possible changes in tax laws. Use the tax code to optimize your financial outcomes.

#taxplanning #taxplanning2025 #taxincentives #taxplanningstrategies #hiddenmoney #hiddenmoneypodcast #taxcode #leveragethetaxcode

Highlights:
Proactive Tax Planning: A Game-Changer [00:00]
-Mike and Kevin discuss the significance of proactive tax planning for maximizing savings.
-They emphasize working with a tax strategist rather than just a preparer to ensure optimized tax outcomes.

Upcoming Tax Law Changes Under a New Administration [03:09]
-Overview of potential upcoming tax law changes with the new administration and Congress.
-Key topics include bonus depreciation, research and development deductions, and expanded child tax credits.
-How changes in research and development (R&D) deductions could impact businesses.

Streamlining Tax Systems for Efficiency [07:24]
-The potential for the DOGE (Department of Government Efficiency) to streamline the tax system.
-Simplifying tax filing by eliminating redundant processes like Roth IRA income limits.
-The inefficiency of AMT (Alternative Minimum Tax) and potential reforms to streamline compliance.
-Discussion on the impact of the SALT (State and Local Taxes) deduction on AMT.
-Kevin and Mike advocate for a more logical and efficient tax system.

Tax Incentives to Drive Economic Growth [12:32]
-How incentives like bonus depreciation and affordable housing credits stimulate investments and economic development.
-The importance of incentivizing real estate investment to address housing shortages.
-How energy independence could lower inflation and benefit the economy.
Discussion on tax incentives for renewable energy, natural gas, and improving energy storage solutions.
-The possible impact of new Tariff laws on domestic business growth.

Adapting Tax Planning & Strategies for Business Growth in Volatility [21:29]
-The importance of maintaining flexibility in tax planning to adapt to changes in business income and evolving tax laws.
-Adjusting preparation deadlines to pre-empt changes in tax law.
-The need for case by case and early planning and preparation to be ready for any eventuality.
-Stress on ongoing communication with tax advisors to revise strategies throughout the year.

Hosts & Resources:
• Hidden Money Podcast – https://hiddenmoney.com
• Revo Tax (firm behind the podcast) – https://revotaxpayer.com

📩 Need a tax strategy that fits today’s market? Book a consult at Revo: https://revotaxpayer.com

Disclaimer: The content of this podcast is not legal advice and is meant for educational purposes only.