• Skip to main content
  • Skip to header right navigation
  • Skip to site footer
Bautis Financial

Bautis Financial

Secure your Castle, Achieve your Dreams.

  • Schedule a Call
  • Podcasts
    • Agent of Wealth
    • Clear a Path
  • About
    • Our Approach
    • Our Team
    • Our Difference
  • Who We Work With
    • Individuals and Families
    • Small Business Owners
    • Retirees and Pre-Retirees
    • 401k Plan Sponsors
  • Insights
    • Blog
    • Business Valuation Advisor
    • College Planning Hub
    • Discover How
    • Learning Center
    • Risk Score
  • Client Access
    • Wealth Center
    • Orion

Worried About Tax Law Changes? 3 Simple Actions to Gain Serenity Now

May 20, 2021 by Bautis Financial

With a new presidential administration in office, we can expect changes to current tax laws. Here's how you can adapt to what's next.

“The only two certainties in life are death and taxes.”

Benjamin Franklin

With so much uncertainty around taxes, you might be wondering what to expect for 2021 and beyond.

We’ve seen President Biden’s proposed tax plan, and we know changes are coming. But we don’t know exactly what will be signed into law, or even when that might happen. So how can we prepare now when we’re not sure what to expect? Here are three ways you can take action now to help prepare yourself for potential new tax laws:

  1. Take advantage of the current tax laws where they favor you. If you haven’t updated your estate plan or tax plan recently, this is an excellent time to do it so that you can potentially maximize your tax savings before the rules change.
  2. Keep an eye on what’s coming. Sometimes that’s easier said than done. There’s a lot going on in the world, and it can be hard to keep up with every update.

    This is just one of the advantages of working with a financial professional — it’s my job to be aware of what’s happening, and I can keep you informed of upcoming changes that could affect your financial picture.
  3. Get comfortable with change. Tax laws change all the time. In fact, one estimate found that the tax code has been updated over 4,600 times since 2001 alone.

    Some changes will be favorable to you, and some won’t. But together, we can create a strategy that takes a long-term view so that the individual changes aren’t quite so disruptive.

Remember, you’re not in this alone. The reason you work with a professional to look after your financial life is so you can share your worries and have someone help you take action. If you have a questions or would like to speak with us personally about what’s going on, please schedule a call with our advisors.

Category: Finance News, Taxes, VideosTag: Biden Tax Changes 2021, President Biden, Tax Changes, Tax Changes 2021, Tax Increases, Tax Preparation, Tax Tips
Previous Post: « Social Security Webinar 2021 Webinar – What’s New With Social Security? Seven Topics to Watch in 2021
Next Post: What is Collaborative Problem-Solving? – Daily Flash Briefing Collaborative Probem-Solving »

Subscribe to Our Insights

Sign up to receive valuable financial insight and updates straight to your inbox each week.

Social

Follow along on social media

Contact

Bautis Financial
7 North Mountain Ave
Montclair, NJ 07042
Get directions
862-205-5800
Contact

Navigation

  • Schedule a Call
  • Podcasts
    • Agent of Wealth
    • Clear a Path
  • About
    • Our Approach
    • Our Team
    • Our Difference
  • Who We Work With
    • Individuals and Families
    • Small Business Owners
    • Retirees and Pre-Retirees
    • 401k Plan Sponsors
  • Insights
    • Blog
    • Business Valuation Advisor
    • College Planning Hub
    • Discover How
    • Learning Center
    • Risk Score
  • Client Access
    • Wealth Center
    • Orion

Copyright © 2023 · Bautis Financial · All Rights Reserved · Powered by Mai Theme

Return to top