Tax Talk Tuesdays – Final Installment 2021 Build Back Better Act Tax Implications for Dealers

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The Build Back Better Act includes many tax provisions that may impact your dealership business. Join Ed McWilliams, CPA from Cerini & Associates as he discusses these changes along with steps dealers can take to prepare. Ed will also talk about both personal and corporate taxes as they relate to dealerships.

Discussion topics will include:

  • Impact on Pass Through Entities (S Corps, LLCs, Sole Proprietorships & Partnerships)

  • Expanded Net Investment Tax May be a Small Business Surtax

  • Proposed green energy tax credits

  • Raising the SALT deduction to $80,000

  • Creates tax credits for sale of used EVs

Presenter

  • Ed McWilliams, CPA, Partner, Cerini & Associates, LLP

Moderator

  • Susan J. Bieber, Esq. GNYADA Vice President – Dealer Services