American Jobs Plan: Potential Implications for You and Your Business
Joe Maier joined a recent episode of the GoGedders
Johnson Financial Group’s Joe Maier joined a recent episode of the GoGedders podcast to break down President Biden’s new tax plan and how it compares to former President Trump’s tax plan. Joe discusses the potential impact of these proposed changes, and what it means for individuals and businesses. To learn more about how the American Jobs Plan may impact you, listen to Joe’s interview below.
New Tax Laws: Should you expedite selling your business or gifting your estate?
President Biden has proposed a new tax law that looks like it could have an effective date of January 1, 2022. For business owners looking to sell or transition your business in the next couple years or individuals looking to gift part of your estate, there could be significant financial impact to you based on the proposed plan. Learn more on that potential impact.
Should President Biden raise the capital gains tax?
Part of Biden’s plan is to raise the capital gain rate for capital gains in a year for over $1 million. While this might not have an impact for most people, it could have significant impact to closely held businesses and small farms that may want to sell their business in the next couple years. Learn more about how this could financially impact what you make on the sale of your business.
Goldilocks and the Wolf
Last week in his annual letter to shareholders, JP Morgan CEO Jamie Dimon described the U.S. economy as having a Goldilocks moment. He noted that we could see a period of faster economic growth, with both inflation and interest rates rising in a “just right” manner. Let’s dig into that.READ MORE about our latest investment commentary.
Tax Planning: Three Topics to Watch in 2021
Now that the election has passed and Joe Biden is President and Democrats control both houses of Congress, it’s time to update our pre-election guidance on critical tax-planning topics. Here are three of the most important areas for watching—and potentially acting—in the year ahead.READ MORE about tax planning for 2021.
There’s More to Business Than Money: Value-Based Goals
Successful business owners often want more than just the maximum amount of money they can get. These owners have deeply ingrained values-based goals that guide why and how they do business. But many of those same owners don’t apply an appropriate amount of weight to values-based goals until it’s too late to achieve them.READ MORE about value-based goals for business owners.