As the end of 2023 approaches, businesses might be taking a moment to reflect on the chaos of the past few years. The COVID-19 pandemic is not quite over yet, but its impact is far less than in 2020 and 2021. Inflation remains a serious concern, along with rising interest rates and other recent economic upheavals. Despite this environment of uncertainty, businesses have many opportunities to take advantage of tax incentives, maximize deductions and minimize their tax bills going into 2024.
The following article offers suggestions regarding business tax planning for the end of 2023.