2023 Year-End Tax Planning For Businesses

As businesses pursue transformational changes to their operational strategies, they need to consider the tax implications of those decisions from the outset. Whether you are considering supply chain shifts, pursuing M&A, planning for succession or adjusting your workforce, you need to model the tax impacts of those business decisions. Failure to consider tax in planning could result in unintended, adverse tax impacts or missed savings.  This issue is at the center of a total tax mindset. Financial and accounting professionals who understand the interplay between changing laws, economic forces and the tax implications of all types of business decisions will be well positioned to act as strategic advisors and guide companies to success.

Tax planning is as essential as ever for businesses searching for ways to optimize cash flow by managing their long-term tax liabilities. The 2023 Year-End Tax Guides identify tax strategies and consider how they may be influenced by recent administrative guidance and potential legislative changes that remain under consideration.

Unless otherwise noted, the information contained in this guide is based on enacted tax laws and policies as of the publication date and is subject to change based on future legislative or tax policy changes.

Please check out all 8 Year-End Planning Guide For Businesses

Accounting Methods

Business Incentives-Tax Credits

Corporate and M&A

Financial Transactions

Income Tax

Partnership Tax

Real Estate Tax

State and Local Tax