Tax Changes Coming: What Contractors Need to Know
This article discusses how the end of 2020 brings the need for a conversation surrounding tax planning and consideration of other financial issues/opportunities. Additionally, it outlines the importance of turning to a tax and accounting expert in order to stay in compliance, but it also outlines some basic points to start this vital process. For example, changes in accounting methods, the election effect, and research and development credits are all points that should be considered. Be sure to check out this link for more information!
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