The Long Road to Tax Certainty

01/02/24 • 52 min

With tax provisions constantly expiring and major questions looming about the future of the tax code, uncertainty reigns. Roger, Annie, and guest Thad Inge break down the state of play on tax extenders, the likelihood of action on expiring tax cuts, and the challenges businesses face in planning amidst the uncertainty.

Sponsors
Padgett - Contact Padgett or Email Jeff Phillips

(00:00) - Welcome to Federal Tax Updates
(02:36) - State of Congress
(07:40) - Secure Act Overview
(10:55) - Government Shutdowns and Funding
(14:49) - Potential Tax Changes
(20:23) - Tax Cuts and Jobs Act
(28:55) - IRS Plans for Additional Funding
(35:20) - IRS Improvements Seen So Far
(43:36) - ERC Status and Issues
(51:24) - Wrap up and thanks for listening

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Connect with Thad Inge
LinkedIn: https://www.linkedin.com/in/thad-inge-9342155
Website: https://www.vsadc.com/

Connect with the Hosts on LinkedIn
Roger Harris
Annie Schwab

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This podcast is a production of the Earmark Media

The full transcript for this episode is available by clicking on the Transcript tab at the top of this page

All content from this podcast by SmallBizPros, Inc. DBA PADGETT BUSINESS SERVICES is intended for informational purposes only.

Sponsors
Padgett - Contact Padgett or Email Jeff Phillips

(00:00) - Welcome to Federal Tax Updates
(02:36) - State of Congress
(07:40) - Secure Act Overview
(10:55) - Government Shutdowns and Funding
(14:49) - Potential Tax Changes
(20:23) - Tax Cuts and Jobs Act
(28:55) - IRS Plans for Additional Funding
(35:20) - IRS Improvements Seen So Far
(43:36) - ERC Status and Issues
(51:24) - Wrap up and thanks for listening

Get NASBA Approved CPE or IRS Approved CE
Launch the course on EarmarkCPE to get free CPE/CE for listening to this episode.

Connect with Thad Inge
LinkedIn: https://www.linkedin.com/in/thad-inge-9342155
Website: https://www.vsadc.com/

This podcast is a production of the Earmark Media

The full transcript for this episode is available by clicking on the Transcript tab at the top of this page

All content from this podcast by SmallBizPros, Inc. DBA PADGETT BUSINESS SERVICES is intended for informational purposes only.

Previous Episode

Fraud Claims and Client Trust

Dave Gribben shares insights on how his firm navigated ERC complexities through client communication, staff training, and establishing trust to overcome questionable third-party fraud claims.

Sponsors
Padgett - Contact Padgett or Email Jeff Phillips

(00:00) - Welcome To Federal Tax Updates
(04:30) - Communicating with clients at the start of the pandemic
(08:11) - Making information available as a service to the community
(10:03) - Transitioning to a remote work model
(17:18) - Handling client expectations around ERC
(26:42) - Preparing for audits and potential repayment
(36:54) - Importance of staying informed on programs like ERC
(43:51) - IRS guidance delaying Form 1099-K requirement

Get NASBA Approved CPE or IRS Approved CE
Launch the course on EarmarkCPE to get free CPE/CE for listening to this episode.

Connect with Dave
https://www.linkedin.com/in/dave-gribben-52439961

This podcast is a production of the Earmark Media

The full transcript for this episode is available by clicking on the Transcript tab at the top of this page

All content from this podcast by SmallBizPros, Inc. DBA PADGETT BUSINESS SERVICES is intended for informational purposes only.

Next Episode

Why Become an EA

In this episode of Federal Tax Updates, hosts Roger Harris and Annie Schwab are joined by special guest Megan Killian, Executive Vice President of the National Association of Enrolled Agents (NAEA).
Megan discusses her background in association management and her role leading NAEA, the premier organization representing the interests of Enrolled Agents. She talks about the benefits of NAEA membership for EAs, including advocacy, education, community, and support obtaining the credential.
The discussion covers NAEA's strategic priorities like membership growth, how the EA credential compares to the CPA, and efforts to address the talent shortage by promoting the EA path, including to accounting students and career changers.
Megan also shares details on NAEA's ongoing fight to regulate paid tax preparers and protect taxpayers from unethical or incompetent preparers. Additional topics include getting involved with NAEA and using its resources to advance your career as an EA.