Recent Tax Code Changes

Introduction:

The tax code is constantly changing, and the past year has been no exception. Several significant tax code changes have been made that could impact your personal and business finances. If you're looking for a trusted tax advisory service to help you navigate these changes and maximize your tax savings, Aegis Lion Law is the premier choice. In this blog post, we will explore some of the recent tax code changes and explain how Aegis Lion Law can help you take advantage of them.

Recent Tax Code Changes:

• One of the most significant tax code changes that went into effect recently is the Tax Cuts and Jobs Act (TCJA), which was passed in 2017. The TCJA lowered the corporate tax rate from 35% to 21% and established new tax brackets and rates for individual taxpayers. The TCJA also increased the standard deduction and limited several deductions, including state and local tax deductions and miscellaneous itemized deductions.

• Another tax code change that has recently been implemented is the Coronavirus Aid, Relief, and Economic Security (CARES) Act, which was passed in 2020 to provide relief to individuals and businesses affected by the COVID-19 pandemic. The CARES Act included several provisions that impact taxes, including an increase in the limit for charitable contributions and changes to net operating loss (NOL) rules.

Why Choose Aegis Lion Law:

With so many changes to the tax code, it can be challenging to navigate the complex regulations and take advantage of available tax savings opportunities. Aegis Lion Law is the premier tax advisory service to help clients achieve their financial objectives by maximizing tax savings and minimizing risk.

Our team of experienced tax attorneys and advisors stays up-to-date on the latest changes in tax laws and regulations, allowing us to provide innovative and effective strategies that optimize tax planning and compliance. We provide comprehensive support and guidance to help clients achieve their financial goals, from tax planning and preparation to dispute resolution and IRS audit representation.

We take a personalized approach to each client, understanding that everyone's financial situation is unique. We tailor our strategies to each client's specific needs and circumstances, ensuring that they receive the best possible outcomes. Our commitment to delivering exceptional service and support has earned us a reputation as a trusted tax advisory service.

Conclusion:

The tax code changes frequently, and it can be challenging to navigate the complex regulations and take advantage of available tax savings opportunities. With Aegis Lion Law, you can be confident that you have the premier tax advisory service on your side. Our experienced tax attorneys and advisors stay up-to-date on the latest changes in tax laws and regulations, allowing us to provide innovative and effective strategies that optimize tax planning and compliance. We are committed to delivering exceptional service and support to help clients achieve their financial objectives. Contact Aegis Lion Law today to learn more about our tax advisory services.