Preparing for 2022 Tax Season

Description

The 2022 Tax Season is Underway.  Are there planning ideas that I can still take advantage of for the 2021 tax year even though 2022 has begun?  Will there be a new tax bill that could still affect our 2021 tax returns?  Will there be additional business relief in response to the ongoing surge in the Omicron variant.  Updates on how to report PPP loan forgiveness on tax returns and can I still qualify for the  Employee Retention Credits (ERC). Find answers to these questions and more as we dig into these issues on February 4.

We'll be joined by Steven Moyer, Tax Services Director, CPA/PFS, CGMA, CSEP; Brent Thompson, Business Services Director, CMA, CGMA, CPA, and Chuck Porter, Jr., Senior Investment Advisor from Canon Capital Management Group, who will present a program including updates on and the status of

• COVID Relief, including Employee Retention Credits and PPP Forgiveness for business and Advance Child Tax Credits for individuals
• Build Back Better Plan status and any new proposed legislation
• Planning for year-end and for the 2022 tax year for both businesses and individual
• Business retirement plan options
• Status of the IRS and best practices for filing your 2022 tax returns to avoid issues
• Update on New Accounting for Lease Standards effective January 1, 2022