As 2021 progresses, organizations once again find themselves on the path of tax reconfiguration. Several provisions could reverse or undo tax code adjustments enacted just a few short years ago through the Tax Cuts and Jobs Act (TCJA) of 2017 and the Coronavirus Aid, Relief, and Economic Security (CARES) Act of 2020. The complexity surrounding these potential changes has added an additional level of uncertainty to the markets – and that uncertainty is causing challenges for investors and those involved in Merger and Acquisition (M&A) discussions.
In their latest article for the Pennsylvania CPA Journal, Jim Swanick and Michael Tighe discuss potential changes to corporate taxes, the capital gains tax rate, and the qualified business income deduction, as well as how these changes could impact businesses and M&A.
Read the article here.
