The possibility of significant tax change is front and center as Congress continues work on a two-part legislative package that would advance much of President Biden’s “Build Back Better” agenda. Join Simply Tax® host Damien Martin, BKD Trusted Advisors™ Yelena Bosovik and Tad Goodenbour, and industry guests for a new weekly livestream on YouTube. These lively discussions will cover the latest developments, thought-provoking insights, and strategies amid the uncertainty. A complete archive of the recordings of our live sessions is available below.
December 14: A BBB Christmas
Here’s what’s covered:
- What's the latest on BBB?
- Tad's Take on the new SALT cap workarounds and the year-end planning environment
- Considerations for choice of entity
- Will we have a BBB Christmas?
December 7: ERC Termination Guidance
Here’s what’s covered:
- Tad’s take on the long-awaited ERC guidance
- Retroactive effective dates in the House BBB
- Estate planning amid uncertainty
November 30: PPP & the BBB
Here’s what’s covered:
- PPP-related considerations, trends & answers to top questions
- Role of appropriations and the debt ceiling on the BBB
- Slow week for the BBB
November 23: PPP Loan Forgiveness Guidance
Here’s what’s covered:
- Changes included in the House approved version of the BBB
- Insights you need to know about the latest PPP loan forgiveness guidance (Rev. Proc. 2021-48 through 2021-50)
- Predictions on timing of possible enactment of the BBB
November 16: Crypto Reporting & the IIJA
Here’s what we covered:
- Changes for information reporting for brokers and digital assets with Nik Fahrer
- What the recently enacted IIJA means for the employee retention credit (ERC)
- Latest on the BBB
November 9: Year-end Uncertainty
Here’s what we covered:
- What’s the latest on the bipartisan infrastructure bill
- What’s next for the IIJA and the BBB
- Changes to the tax-related provisions included in the latest version of the BBB
- Approaching year-end planning given the uncertainty
November 2: Updated House Framework
Here’s what we covered:
- What’s in, what’s out, and what’s new with the updated framework from House Democrats
- Provisions or pivots in the framework that were surprises
- Predictions on when we might see the bipartisan infrastructure bill advance
October 26: Opposition to Rate Increases
Here’s what we covered:
- Opposition to increases in the corporate or top marginal individual income tax rate
- The current target and timeline
- Change to the employee retention credit under the bipartisan infrastructure bill
Additional “Build Back Better” Resources
BKD Articles
- House Ways & Means Committee Proposes Tax Increases (September 13, 2021)
- Tax Legislation to Expect This Fall (September 8, 2021)
Podcast Episodes
- Episode 133: Where Things Stand with Build Back Better (October 22, 2021)
- Episode 131: Wealth Planning for Build Back Better (October 11, 2021)
- Episode 129: Reconciling Reconciliation & More (September 15, 2021)
- Episode 126: Tax Legislative Halftime Report (July 30, 2021)
- Episode 123: Planning for Individual Tax Change in 2021 (May 13, 2021)
Specialized Resources
Simply Tax Podcast®
Simply Tax® cuts through the static of the tax world and doesn’t waste your time by needlessly tossing around 10-dollar terms and citing code sections. Host Damien Martin has a knack for boiling down complex issues for business professionals who need a trusted advisor to help strengthen their tax mind.
BKD's Tax Reform Resource Center
BKD’s tax professionals will continually provide up-to-date information on industry-specific tax reform.
American Institute of CPAs (AICPA) Tax Reform Resource Center
The AICPA Tax Reform Resource Center provides comprehensive coverage on tax reform. Featuring a repository of news, resources, videos, podcasts, learning and AICPA advocacy positions.
Estate Planning
A well-crafted estate plan is made up of two interrelated parts—a plan for the passage of your assets and the documents that will put your plan into effect. BKD works with you and your legal counsel to develop a plan that considers the many aspects of your circumstances.
