Whenever a new president takes office, the business world speculates how their policies will affect corporate law and business. This speculation leads to some wild trading on the stock market, but business owners know they must take a more measured approach. The corporate lawyers at Structure Law Group are here to help you examine new Biden Administration policies and strategically plan for the effects they will have on your business.
The Biden Administration has made no secret that its tax priorities are widely divergent from the tax policies of the Trump Administration. In general, the Biden tax policies are designed to curb the large tax breaks for large companies and wealthy individuals that were widely available under the Trump administration’s tax policies. Biden’s Build Back Better Agenda is focused on improving financial security for the middle class by easing tax burdens. U.S. Bank reports that these changes could affect taxpayers who: