Renewed Focus on Taxes as Election Day Nears

As Election Day nears, more attention is being paid to the tax plans of both presidential candidates.

The non-partisan Tax Foundation reports that if Joe Biden’s proposed tax increases were implemented, the U.S. would drop from its current No. 21 to No. 30 in the International Tax Competitiveness Index.

For members concerned about this year’s taxes, OMA Connections Partner RSM has published this insight addressing year-end tax considerations for businesses. On Nov. 9, RSM will host its complimentary Tax Summit 2020, focused on post-election analysis and considerations for business owners. 10/22/2020