Article
2024 Tax Strategy Playbook
Jan 17, 2024 · Authored by Baker Tilly Tax Professionals
Baker Tilly’s Tax Strategy Playbook provides relevant, insightful and valuable information to assist with the practical applications of tax strategies and their impact on business decisions.
In 2023, business leaders dealt with a litany of unpredictability and difficulty, including rising interest rates as the Federal Reserve worked to combat inflation, labor shortages, and uncertainty around tax policy, amid many other factors. While some of these economic pressures appear to be easing as the new year is ushered in, the outlook on tax legislation remains unclear, especially considering the upcoming 2024 election.
Our inaugural Tax Strategy Playbook features the collaborative efforts of our tax professionals. Inside we provide relevant, insightful and valuable information to assist with the practical applications of tax strategies and their impact on business decisions.
The first section of our playbook discusses the outlook for the new year’s tax policy landscape. The balance outlines considerations for potential, current and prospective impacts to your business, and discusses opportunities for tax planning and mitigating inherent risks. We delve into various areas within federal, global and state and local tax.
We hope you find our Tax Strategy Playbook to be a valuable asset on your business journey. Please reach out to your Baker Tilly advisor should you have any questions about or would like to discuss any of its contents.
Download the Tax Strategy Playbook for tax insights and opportunities that could impact your organization in 2024.
Inside the 2024 Tax Strategy Playbook
The 2024 Tax Strategy Playbook delves into various areas within federal, global and state and local tax.
Actionable Washington updates and insights for 2024
Explore our Tax Strategy Playbook’s Washington update covering a 2024 outlook, the potential for bipartisan tax legislation, the 2024 election and interest rates.
Actionable federal tax insights for 2024
Baker Tilly’s Tax Strategy Playbook covers significant federal tax updates: TCJA, rising interest rates, Section 163(j), digital asset taxation and enforcement, unclaimed property and qualified opportunity zones.
Actionable federal tax insights for sale of businesses in 2024
Our Tax Strategy Playbook addresses federal tax updates related to the sale of businesses, including market and M&A exit readiness, navigating an acquisition and tax impacts.
Actionable federal tax insights for corporations in 2024
Master federal tax for corporations: From maximizing net losses to excise tax and golden parachute planning. Your guide to critical tax strategies.
Actionable federal tax insights for pass-through entities (partnerships and S corporations) in 2024
Explore our comprehensive guide on federal tax policies for pass-through entities like S corporations and partnerships. Navigate complexities with ease.
Actionable federal tax insights for individuals and private wealth in 2024
Evolving and sunsetting tax policies that may affect individuals and private wealth are featured in Baker Tilly’s Tax Strategy Playbook. Discover key insights to address in 2024.
Actionable federal tax insights for energy credits and incentives in 2024
Maximize energy credits, leverage IRA incentives and navigate the Inflation Reduction Act's federal clean energy incentives with the Baker Tilly Tax Strategy Playbook.
Actionable federal tax insights for employee benefits in 2024
Baker Tilly’s Tax Strategy Playbook addresses federal tax updates for employee benefits, including automatic enrollment, Roth designation of employer contributions and SECURE 2.0.
Actionable global tax insights for 2024
Baker Tilly’s Tax Strategy Playbook covers global tax insights including geopolitical considerations, Pillar Two, understanding Moore v. United States, international case law trends and taxation, utilizing the foreign tax credit and more.
Actionable state tax insights for 2024
Navigate updates to the state and local tax landscape, state credits and incentives and state tax considerations for remote employees with our Tax Strategy Playbook.
The information provided here is of a general nature and is not intended to address the specific circumstances of any individual or entity. In specific circumstances, the services of a professional should be sought. Tax information, if any, contained in this communication was not intended or written to be used by any person for the purpose of avoiding penalties, nor should such information be construed as an opinion upon which any person may rely. The intended recipients of this communication and any attachments are not subject to any limitation on the disclosure of the tax treatment or tax structure of any transaction or matter that is the subject of this communication and any attachments. Baker Tilly US, LLP does not practice law, nor does it give legal advice, and makes no representations regarding questions of legal interpretation.