2024 Tax Strategy Playbook

Baker Tilly’s Tax Strategy Playbook provides relevant, insightful and valuable information to assist with the practical applications of tax strategies and their impact on business decisions.

In 2023, business leaders dealt with a litany of unpredictability and difficulty, including rising interest rates as the Federal Reserve worked to combat inflation, labor shortages, and uncertainty around tax policy, amid many other factors. While some of these economic pressures appear to be easing as the new year is ushered in, the outlook on tax legislation remains unclear, especially considering the upcoming 2024 election.

Our inaugural Tax Strategy Playbook features the collaborative efforts of our tax professionals. Inside we provide relevant, insightful and valuable information to assist with the practical applications of tax strategies and their impact on business decisions.

The first section of our playbook discusses the outlook for the new year’s tax policy landscape. The balance outlines considerations for potential, current and prospective impacts to your business, and discusses opportunities for tax planning and mitigating inherent risks. We delve into various areas within federal, global and state and local tax.

We hope you find our Tax Strategy Playbook to be a valuable asset on your business journey. Please reach out to your Baker Tilly advisor should you have any questions about or would like to discuss any of its contents.

The information provided here is of a general nature and is not intended to address the specific circumstances of any individual or entity. In specific circumstances, the services of a professional should be sought. Tax information, if any, contained in this communication was not intended or written to be used by any person for the purpose of avoiding penalties, nor should such information be construed as an opinion upon which any person may rely. The intended recipients of this communication and any attachments are not subject to any limitation on the disclosure of the tax treatment or tax structure of any transaction or matter that is the subject of this communication and any attachments. Baker Tilly US, LLP does not practice law, nor does it give legal advice, and makes no representations regarding questions of legal interpretation.