2021 Outlook From Bloomberg Tax & Accounting Explores The Issues Likely To Shape The Year Ahead
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ARLINGTON, Va., Jan. 26, 2021 /PRNewswire/ Bloomberg Tax & Accounting today announced the availability of its
2021 Outlook on Tax, a 50-plus page collection of news and insights from practitioners that focuses on the key federal, state, and international tax issues that tax professionals will have to navigate in the year ahead. The report is available for complimentary download at http://onb-tax.com/sobf50Di0dS.
Key issues addressed in the Tax Outlook 2021 include:
Federal Tax: The Biden administration s tax plans, how Covid-19 relief measures could trigger tax filing mistakes, and IRS enforcement trends.
what would make them on the wallet? what would make them either expand plans, hire people? what? guest: they say knowing what their tax outlook will be, especially if it would be lower. knowing that washington, dc, was on their side and not talking to them down. that sounds sound serving but i am asking what you would like to see? so it is self serving but that is what we are asking. they say they want the magic confidence thing out there. neil: but you feel good about what is coming ahead, you would get off the dime? guest: if you ask the average consumer they say the same thing we are holding on to our dollars. if you have a job you are hanging on because you know there is in the another one. if you have money, you are hanging on to it, because you are afraid for the future and businesses feel the same as consumers. we talked to a lot small business owners on the show and they say the same thing, they are concerned about the future. until they see a big green light they don t want
number one, they re not sure what their tax outlook is going to be next year and the years beyond, and, number two, they have no idea what health care will look like for any pleas they hire, so they re very reluctant to bring people on full time. mike, does that ring a bell? absolutely. a small business owner such as us, have no confidence in the direction of economy is going. there is uncertainty about the tax issues. we just don t have the confidence to investment in the economy right now, and that s the biggest challenge. there s no clear message coming from the government, from obama on where we re headed, and how we can plan to get there. all right, guys, we had a panel of three, and number three just showed up, eric castleberry, he runs fitness centers in new york. do i have that right? yes. how are you? thanks for jogging in this morning.