Tax Planning

Big Tax Changes to Know for 2023

We want to bring to your attention some crucial tax changes and updates that will impact individuals and businesses in 2023. It’s essential to stay informed about these developments to ensure compliance and make the most of available opportunities.


Here are the Key Topics We Cover in this Special Report:

Big Tax Changes to Know for 2023: We will provide an overview of significant tax changes that will come into effect in 2023, highlighting the areas that may impact you or your business directly.

Alert: A Massive New FinCEN Filing Requirement Is Coming: An upcoming filing requirement by FinCEN is coming, resulting from the Corporate Transparency Act (CTA) passed in 2021. This requirement will necessitate smaller businesses to disclose the names, addresses, and other identifying information of their beneficial owners. We’ll provide important details and insights to help you prepare for this new obligation.

$80 Billion to the IRS: What It Means for You: We examine the implications of the substantial increase in funding to the Internal Revenue Service (IRS), which amounts to $80 billion. Understanding how this funding boost may affect tax enforcement, audits, and potential changes to tax regulations is crucial for individuals and businesses alike.

New Law Improves Energy Tax Benefits for Business Owners and Landlords: We explore a recently passed law that enhances energy tax benefits for business owners and landlords. This update presents potential cost-saving opportunities for those investing in energy-efficient initiatives or renewable energy systems.

Buying an Electric Vehicle? Know These Tax Law Changes: With the increasing popularity of electric vehicles, we outline the tax law changes related to electric vehicle purchases. Understanding the available tax credits and deductions will assist you in making informed decisions when acquiring an electric vehicle.

Get Ready to Say Goodbye to 100 Percent Bonus Depreciation: We discuss the changes regarding bonus depreciation. It’s important to be aware that the tax benefits associated with 100 percent bonus depreciation will be phased out, and we’ll provide guidance on how to adapt your tax strategies accordingly.

These topics are just a snapshot of the tax landscape for 2023. Our aim is to equip you with the knowledge necessary to navigate these changes effectively and optimize your tax situation.

If you have any specific questions or concerns related to these subjects or any other tax matters, please don’t hesitate to reach out to our team. We are here to assist you.

Stay tuned for our upcoming newsletters, articles, and educational resources, where we will delve into each of these topics in greater detail. Together, we can proactively manage your tax obligations and capitalize on the available opportunities.

Thank you for your continued trust and partnership. We look forward to assisting you with your tax needs.

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The information contained in this post is for general use and educational purposes only.  However, we do offer specific services to our clients to help them implement the strategies mentioned above.  For specific information and to determine if these services may be a good fit for you, please select any of the services listed below. 

The 4x4 Financial Independence Plan ℠

The Smart Tax Minimizer ℠ (for Consumer and Home-Based Businesses)

The Smart Tax Planning System for Business Owners ℠

Retirement Planning

Tax Planning

Coaching and Consulting

Need More Information?

If you require additional details regarding these services, please don’t hesitate to reach out to us via email or phone at (800) 810-1736. Alternatively, you can schedule a complimentary 15-minute consultation to inquire further and determine whether we align with your needs and expectations. We look forward to assisting you!

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