Recession-Proofing Your Business Series - Part 8
Adam from professional accounting services firm BGW CPA PLLC and Jack with Shumaker, Loop & Kendrick discuss strategies business owners can leverage to protect their business during a recession and dive into two major pieces of legislation recently signed into law by the federal government.
Learn how business growth consultants view the impacts of the Inflation Reduction Act and the executive order for student loan forgiveness. In particular, the conversation digs into how tax planning for business owners with children ready to enter college may or may not be affected by the debt forgiveness and how the test of whether or not your child is a dependent in the eyes of FAFSA is completely decoupled from how you file with the IRS.