What's on the Horizon for Small Businesses: Planning for Saving
Navigating an increasingly complex business and tax environment seems like a never-ending challenge for entrepreneurs and business owners. Entity structuring and tax planning questions created by the tax reform law passed in late 2017 have been complicated by diverse factors such as consumer spending trends, COVID, PPP Loans to business, and uncertainty created by the incoming administration in Washington.
Given the uncertainty unleashed in 2020, business owners are often left with questions like: What should I do about PPP loans? Should my business be an S-Corporation? What is the best retirement plan for my company? How can I transition my business to the next generation?
In this interactive seminar we will address these and many other questions along with general tax efficiency strategies for closely held businesses with a specific eye toward proactive tax PLANNING and cost savings.
As a Tax Partner at SC&H Group (Based in Hunt Valley, MD), James leads a highly skilled team of tax specialists to service clients' planning and compliance needs. James' areas of expertise include business and individual tax planning & compliance, entity structuring, M&A consulting, and succession & estate planning.
James has taught as an Associate Professor and guest lecturer at Johns Hopkins University, Towson University, and Loyola University.
In 2014, Maryland Governor Larry Hogan appointed him Chair of the Maryland Economic Development Commission. He also serves as chairman of the Baltimore County Economic Advisory Committee. He is also the Chief Economist to Associated Builders and Contractors and Chief Economic Advisor to the Construction Financial Management Association. He serves or has served similar functions for Visit Baltimore, Maryland Realtors, and Marcum, LLC.
Mr. Basu earned his B.S. in Foreign Service at Georgetown University in 1990. He earned his Master’s in Public Policy from Harvard University’s John F. Kennedy School of Government, and his Master’s in Economics from the University of Maryland, College Park. His Juris Doctor was earned at the University Of Maryland School of Law. His doctoral work is in health economics and has taken place at UMBC.