6 Sizzling Tax Saving Moves To Warm Your Holiday Season
Tax savings opportunities to consider before 2021 year end
The tax law is in constant motion, are you keeping up? Are you able to take advantage of the new Minnesota Pass-Through Entity (PTE) Tax that allows qualified businesses to pay the state tax on their partnership or S corporation return? Have you had your Minnesota tax returns adjusted and if so, did the Minnesota Department of Revenue handle it correctly? Lastly, are you sure you handled your PPP loan correctly? In this session, Tom Pesch and Sara Johnston of Olsen Thielen will present tried and true tax savings opportunities for you to consider before year end that may add to your holiday cheer. Topics to be discussed include reviewing payroll and payroll withholdings, maximizing deductions to lower your taxes, loading up your retirement plan deduction, and accelerating expenses or deferring income.
Tom Pesch, CPA, CMA | Principal | Olsen Thielen & Co., Ltd
Sara Johnston, CPA | Director | Olsen Thielen & Co., Ltd