Tax Reform: The Conversation Continues.

The $1.5 trillion tax reform bill known as the Tax Cuts and Jobs Act of 2017 (TCJA) represented the biggest change to the tax code in a generation. Now, four years later and with Democrats controlling the presidency and both chambers of Congress, tax reform is back on the table.
 
When asked what the most significant determinant of their total tax liability would be in 2021, the result of the presidential election was the second most-cited option selected by tax executives in our Tax Outlook Survey. With the landscape primed for tax code reforms, businesses should be prepared for increased obligations.
 
But what could new tax legislation mean for your business—and for you? Bookmark this page for the latest tax updates, tax reform news and actionable insights to prepare for regulatory changes. 

Featured Insights

Tax Reform
Senator Wyden Releases Far-Reaching Partnership Taxation Proposals
September 17, 2021
Senate Finance Committee Chair Ron Wyden, D-Ore., on September 10 unveiled a discussion draft of...
Tax Reform
Details on Proposed Overhaul of U.S. International Tax Legislation
September 01, 2021
Senate Finance Committee Chair Ron Wyden (D-Ore), along with Senators Sherrod Brown (D-Ohio) and...
Tax Reform
U.S. House Passes Budget Resolution
August 31, 2021
The U.S. House of Representatives on August 24 voted 220-212 in favor of a $3.5 trillion budget...
Tax Reform
U.S. Senate Approves Bipartisan Infrastructure Bill
August 17, 2021
In less than 24 hours, the U.S. Senate voted to advance two legislative packages that would...
Tax Reform
Five More States Enact PTE Tax Elections Legislation – AZ, CA, CO, MN, OR
August 04, 2021
Nearly 20 states now allow pass-through entities to elect to be taxed at the entity level to...
See all Featured Insights

Webinars, Blogs & Social

Webinar
PPP Loan Changes: Forgiveness, Additional Loans, Employer Retention Credit and More
January 12, 2021
Join our team of tax professionals for an overview of how the new provisions may impact your...
Webinar
The Perfect Storm for Businesses: Election, Economy and Year-End Tax Planning
November 09, 2020
Get insights for businesses regarding important year-end tax planning strategies relevant to...
Blog Post
Tax News of Note for Nonprofits
August 24, 2020
It’s critical for nonprofits to stay abreast of proposed and updated regulations from the...
Webinar
Tax Webinar: CARES Act: What It Means For You
March 30, 2020
The CARES Act is intended to provide relief and recovery to businesses and individuals.
Webinar
What's on the Minds of Boards: BDO 2019 Board Survey Webinar Part 2
February 04, 2020
Join BDO as we explore highlights from our 2019 public company Board of Director Survey. We will...

The evolution of tax.

As global business becomes increasingly complex, managing taxation in multiple jurisdictions has also become more complicated as governments and other tax authorities are intensifying their scrutiny on corporate tax practices.

If tax reform has taught us anything, it’s that change is the new normal. Tax laws are constantly updated as the IRS issues new guidance and regulations. U.S. tax reform altered everything from corporate tax rates to rules around deductions for interest expenses. The Supreme Court’s decision in South Dakota v. Wayfair also sent states scrambling to alter how they tax products and services from remote sellers.

Staying on top of tax reform news is no easy task, which is why BDO has developed this resource center to provide you with the latest news and insights.

2021 Tax Outlook Survey

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Contacts

Todd Simmens
Todd Simmens National Managing Partner of Tax Risk Management; Tax Controversy and Procedure & Tax Policy and Legislation Technical Practice Leader 732-491-4170
Jeffrey Bilsky
Jeff Bilsky Partner; National Technical Practice Leader, Partnership Taxation 404-979-7193
Connie Cheng Cunningham
Connie Cunningham Tax Managing Director 310-557-8544
Randy Schwartzman - BDO New York
Randy Schwartzman Corporate Tax and Mergers and Acquisitions (M&A) National Technical Practice Leader 631-927-1159
Chris Bard
Chris Bard R&D and FDII Tax National Leader; Global R&D Center of Excellence Chairman 310-557-7525
Michael Williams - BDO Boston
Michael Williams Income Tax Provision Services (ASC 740) Partner & National Practice Leader; Global Income Tax Accounting Center of Excellence Chair 617-239-4174
Joan Vines
Joan Vines Managing Director 703-770-4444
John Nuckolls
John Nuckolls Managing Director; Private Client Services National Senior Technical Director 415-490-3393
See all contacts

Opportunity Zones Tax Incentives

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