Forgiveness, Elections, and Deficits: Year-end Tax Planning for 2020

Year end tax planning in 2020 may be quite different than prior years.

Secure Act made the most significant changes in beneficiary planning in a decade. Have you updated your beneficiaries?

Family First and CARES Act made changes far beyond the $1200 payment you received. How will these changes impact you?

The election results are in. Should you change tax strategies?

Minnesota is looking at deficits far larger than any in history. Are you prepared?

Todd Koch

Todd brings passion and compassion to the tax and accounting profession. For more than 35 years he has truly enjoyed helping businesses and people reach their financial and non-financial goals.

Being a great resource for his clients and to all at JAK, he knows goals are met when using a team approach.

Since joining JAK in 1981, Todd’s role has evolved significantly. He currently leads JAK’s tax practice including income taxes, estate taxes, and sales taxes. He’s worked with clients in nearly every
aspect of their financial business and now spends much of his time as a part of his clients’ business team. By utilizing all of the resources at JAK, he can bring differing perspectives and creative
solutions to his clients.

With the understanding that taxes are not the only concern for his clients, Todd’s team approach to tax issues and business transfers, such as buying, selling to outside or inside parties, or to an ESOP,
starts with a thorough comprehension of his clients’ goals. These goals vary from client to client. It’s important to Todd to use the JAK team to achieve each clients’ goals.

Although he’s passionate about his work as a CPA, those three letters don’t define him. Todd’s an avid traveler (he’s visited all 50 states), cookie baker (he has made over 200 plates of cookies and treats with his daughters for his church’s bake sale) and hiker (the longest day hike he’s completed was 26 miles).

If you need help with a business transfer or a tax issue, give Todd a call. He would enjoy the opportunity to use his experience and the JAK team approach to work through your situation.