As we enter 2023 and the 2022 tax filing season, there have been many changes related to specialty tax that CPAs and their Clients need to be aware of while doing tax planning. These issues include increased funding for the IRS, changes to credits and deductions under the Inflation Reduction Act of 2022, and the status of tax extenders.

On Thursday, December 22nd the Senate passed the Omnibus budget bill and the House is expected to pick it up quickly. One section glaringly missing from this large piece of legislation is tax extenders. With the extenders not passing it is important to review what this means for taxpayers.

David Seibel gives an update on the Section 174 Amortization.

Dave McGuire gives an overview of the prevailing wage requirements.

In this blog, Jerry Hammel discusses the challenge CPA firms have faced over the last few years and how CPA firms can build a solid foundation to grow and prosper over the coming years.

Jerry Hammel talks about how CPAs can hone their advisory skills as they discuss annual planning with their clients.

Dave McGuire discusses tax planning tips and issues that CPAs and taxpayers need to be aware of as we move into the 2022 tax filing season

Dave McGuire shares key provisions within the CHIPS+ and Inflation Reduction Act and what CPAs should be aware of as they plan and file with their clients.

The ultimate goal of many young professionals is to be seen as a trusted advisor, especially one sought out by entrepreneurs looking for assistance with the strategic direction of their business. Jerry Hammel’s latest piece in Business Journals discusses how to develop the skills to go from “do-er” to advisor.

In this webinar, Ben Worrell explores what makes incentives accessible to small and medium sized businesses and the potential pitfalls to navigate around.