Tax Legislative Halftime Report #126

07/30/21 • 30 min

Headlines are swirling in Washington D.C. on a bipartisan infrastructure deal in the U.S. Senate and a $3.5 trillion budget reconciliation deal between Senate Democrats. Host Damien Martin cuts through the static of the latest tax-related developments with guest Travis Lucas, managing principal of The Lucas Law Firm, and also checks in with BKD partners Chris Doolittle and Randy Throener to hear how taxpayers are reacting and planning amid uncertainty. Listen to get answers to these questions:

How are taxpayers approaching planning with so much unknown at this point? [02:58]
Is the upcoming 2022 election playing a role in the current negotiations? [10:13]
What areas are colliding in Washington right now [12:18]
Why is it important to count the votes and what’s budget reconciliation again? [14:45]
How might the tight margins of control in Congress impact the outcome [16:57]
Where are we on possible higher capital gains rates and what are the odds of retroactive enactment? [22:14]

Learn more about Travis, Chris and Randy and get the additional resources mentioned in the episode here!

GET MORE SIMPLY TAX

We’re excited to also provide video content to strengthen your tax mind! Check it out on our YouTube channel.

A complete archive of our episodes is available on our website and YouTube playlist.

We’d love to hear from you! Email feedback and questions to [email protected].

Connect with Damien on social media!

LinkedIn | Twitter | Instagram | YouTube

How are taxpayers approaching planning with so much unknown at this point? [02:58]
Is the upcoming 2022 election playing a role in the current negotiations? [10:13]
What areas are colliding in Washington right now [12:18]
Why is it important to count the votes and what’s budget reconciliation again? [14:45]
How might the tight margins of control in Congress impact the outcome [16:57]
Where are we on possible higher capital gains rates and what are the odds of retroactive enactment? [22:14]

Learn more about Travis, Chris and Randy and get the additional resources mentioned in the episode here!

GET MORE SIMPLY TAX

We’re excited to also provide video content to strengthen your tax mind! Check it out on our YouTube channel.

A complete archive of our episodes is available on our website and YouTube playlist.

We’d love to hear from you! Email feedback and questions to [email protected].

Connect with Damien on social media!

LinkedIn | Twitter | Instagram | YouTube

Previous Episode

Construction & Real Estate Industry Updates #125

How has the construction and real estate industry changed in the past year? What should executives in the hospitality industry be focused on? Is the possibility of tax change affecting decisions? Get answers to these questions and more as Jason Myers—the new national industry partner of BKD National Construction & Real Estate Group—joins host Damien Martin to share insights into top business, tax, and accounting issues for the industry. Here’s what’s covered:

Who is Jason Myers? [01:56]
What’s the BKD National Construction & Real Estate Group? [05:30]
Construction
- Industry trends and impact of recent events [06:21]
- Employee stock ownership plans @10:21 and [12:02]
Architecture and engineering industry trends and impact of recent events [11:00]
Real estate
- Industry trends and impact of recent events [13:36]
- President Biden’s tax proposals [15:30]
Hospitality industry trends and impact of recent events [17:46]
Overall trends in the industry [20:43]
Jason’s advice for CFOs and financial managers [23:53]
Closing thoughts [27:11]

Learn more about Jason and get additional resources here!

GET MORE SIMPLY TAX

We’re excited to also provide video content to strengthen your tax mind! Check it out on our YouTube channel.

A complete archive of our episodes is available on our website and YouTube playlist.

We’d love to hear from you! Email feedback and questions to [email protected].

Connect with Damien on social media!

LinkedIn | Twitter | Instagram | YouTube

Next Episode

The Family Office: Why Have One? #127

Join host Damien Martin in his ongoing quest for insights and best practices for affluent families and their advisors as he sits down with guest Jeff Davidson to unpack the often mystifying and sometimes daunting world of the family office. Here’s what’s covered:

Who is Jeff Davidson? [02:35]
Developing a national family business succession planning practice [07:11]
The definition of a family office [11:25]
Running a family office [13:41]
Common challenges for families [16:59]
Cost considerations for family offices [18:40]
Figuring out the focus of the family office [20:46]
Family meetings and addressing the gorilla in the corner [21:09]
Leading effective family meetings and learning more about succession planning [25:18]
Trends in philanthropy and family offices [28:38]
Best practices for creating a lasting family legacy [30:30]
What’s surprised Jeff most in his work with families and family offices [31:28]
Why family offices are important for preserving wealth [32:32]
How to decide between a single-family and multifamily office [33:05]