Ex-IRS Chief Says He Is Confident Daniel Werfel Will Do Well as Agency’s New Leader
Former IRS chief, Mark Everson, believes new IRS chief Daniel Werfel is the right person to lead the agency during its $80 billion transformation.
Former IRS chief, Mark Everson, believes new IRS chief Daniel Werfel is the right person to lead the agency during its $80 billion transformation.
Even CPA Firms Are Facing “Supply Chain” Issues. It is no secret that the US is facing a serious shortage of accounting professionals which will result in severe circumstances for the CPA profession and the market for CPA firm services. The latter point is always overlooked.
The Inflation Reduction Act offers some incentives for clean companies. It’s tax time, and companies nationwide are looking for sustainable write-offs to help soften the blow and reduce their carbon footprint.
There has recently been a fair amount of activity in the world of Section 179D – an important tax incentive for energy efficient building design. As background, in 2005, Congress enacted Section 179D of the Internal Revenue Code, – the energy efficient commercial building deduction – in an effort to impact the country’s largest consumer of energy, our buildings, and to encourage and incentivize the construction (including rehab) of greener buildings.
The Inflation Reduction Act (IRA) is potentially transformative for small- to medium-size businesses (SMBs), but along with taking advantage of the new benefits it and other government programs have to offer, SMBs must be aware of critical nuances that could impact their tax filing this season.
Our alliantgroup professionals got the chance to hear Industry Insights from two of our Strategic Advisory Board members.
No, the IRS isn’t going away. In fact, concerns about audits are ticking up. As small businesses prepare for tax season, there are still plenty of benefits…
The National Taxpayer Advocate expressed hope that better days were ahead for the tax collection agency.
The current research and development tax credit does nothing for entrepreneurs. A proposed law could change that.