Tax & Cost Recovery Strategies

Accelerated Recovery Resource Center

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Explore CBIZ’s latest insights on tax strategies during recovery, growth, and transformation. Learn about the opportunities facing your organization by clicking through on the planning and compliance resources below.

Articles

The COVID-19 pandemic has had a severe impact on local jurisdiction budgets that support community services like the operation of schools, police and local health departments. Taxing jurisdictions will be looking for ways to make up the lost revenue in 2021, and property taxes are the most convenient place to look. 
While commercial real estate owners were mostly unable to take advantage of the PPP, there are other tax provisions included in the CAA that may be more beneficial for 2021 planning.

If your organization hasn’t considered some of these plays recently, you may want to explore the following provisions in short order.

Democrats plan to use budget reconciliation to pass additional stimulus measures.

Here are some ways that not-for-profit organizations can tap into stimulus benefits.

Podcasts

Hear why COVID-19 may lead to higher property tax bills forbusiness owners.

The insurance market is seeing substantial insurance increases across the board. Greg Cryan of our Property & Casualty Insurance team and Ron Acebal of our tangible property valuation team share strategies for how businesses can manage rising rates.

The state of the financial markets and expected future movements play a key role in year-end planning. Guests Anna Rathbun of our investment advisory team, and Naomi Ganoe of our private client services team weigh in.

The 2020 election will be impactful for the next four years. Bill Smith of the National Tax Office shares what businesses need to know about the preliminary results.

A number of factors make now a good time to revisit your tax plan, from the stimulus legislation changes to the economy and the impending federal election.

Initial Election Results Complicate Chances for Tax Changes in 2021https://gp-stage.cbiz.com/Portals/0/Images/2020 Election-1.jpg?ver=2020-12-01-115155-267https://gp-stage.cbiz.com/Portals/0/Images/2020 Election.jpg?ver=2020-12-01-114925-9172020-11-10T18:00:00-05:00Initial takeaways from the election may dampen Biden’s prospects for further tax law changes.NoneNo
SALT Cap Compromise On The Table In Next Congresshttps://gp-stage.cbiz.com/Portals/0/Images/SALT-Cap-CBIZ.jpg?ver=2020-12-01-130514-707https://gp-stage.cbiz.com/Portals/0/Images/SALT-Cap-thumb.jpg?ver=2020-12-01-130510-513Further changes to the limitation on state and local tax deductions may be on the docket for the new Congress.2020-12-01T18:00:00-05:00Further changes to the limitation on state and local taxdeductions may be on the docket for the new Congress.Regulatory, Compliance, & LegislativeFederal TaxTax ReformNo
A Closer Look at When Nondeductible Expenses from PPP Loans Impact Taxable Incomehttps://www.cbiz.com/Portals/0/Images/Nondeductible-Expenses-CBIZ.jpg?ver=2020-12-07-130315-227Paycheck Protection Program recipients may want to evaluate taxability of their loans.2020-11-10T18:00:00-05:00Paycheck Protection Program recipients may want to evaluate taxability of their loans.Planning & Tax MinimizationFederal TaxCOVID-19No