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Biden Tax Proposal Could Boost Tax Master Network's Core ServiceCINCINNATI, May 6, 2021 /PRNewswire/ -- Financial Gravity Companies Inc. (OTCQB: FGCO) announced that the corporate tax increase included in President Biden's $2 trillion infrastructure package, could juice even more demand for their subsidiary Tax Master Network's tax planning service. "Choosing the right entity structure is a fundamental question for every business owner," said TMN CEO Edward A. Lyon. "This bill affects every business operating as a C corporation or including a C corporation in their entity mix." In April, Biden announced plans to raise the corporate tax rate from 21% to 28%. That higher rate could upend the current balance between passthrough entities taxable corporations. Naturally, business owners could look for ways to minimize the change. This could drive membership to TMN's planning platform. Implementing those strategies could drive demand for Financial Gravity's broker-dealer, insurance, and turnkey asset management provider arms. TMN provides a platform for CPAs, EAs, and financial advisors to use proactive tax planning to protect their clients from the brunt of higher taxes. Members enjoy several SAAS-based planning and client contact tools, plus a comprehensive suite of marketing, sales, and technical tax training resources. The network helps members transform from typical volume-based businesses into mor-profitable margin-based business. Interested professionals can visit www.TaxMasterNetwork.com to learn more. About Financial Gravity Companies, Inc. Forward-Looking Statements View original content:http://www.prnewswire.com/news-releases/biden-tax-proposal-could-boost-tax-master-networks-core-service-301285229.html SOURCE Financial Gravity Companies, Inc. |