Tax Lessons for Public Companies for the Year Ahead

“As public companies begin tax planning for 2021, there are several tax lessons from the past year that can help them prepare for the near future and plan for long-term success.

Every industry experienced unique challenges in 2020, and circumstances often changed swiftly and abruptly. Business leaders were forced to be nimble and more vigilant than ever before to make their organizations more resilient, plan their recovery, and take advantage of timely relief opportunities.

The Covid-19 relief package that Congress agreed to in December 2020 provides many useful tax breaks for businesses, and more help may soon be on the way under President Joe Biden. Regardless of potential changes, public companies should have a proactive tax planning discussion with their advisors early in the year and be ready to adjust their plans as necessary.”

Read the full article at Agenda.com