Federal Tax Updates: Recent Episodes
Roger Harris, EA and Annie Schwab, CPA
CPAs, Enrolled Agents, and Tax Preparers can keep up-to-date with the latest federal tax information while earning NASBA approved CPE credits and IRS approved CE credits by listening to the bi-weekly Federal Tax Updates podcast. The hosts Roger Harris and Annie Schwab have over 75 years of tax experience between them, which has been featured in various media outlets including Wall Street Journal, USA Today, The Morning Business Report, Bloomberg Business News, and Accounting Today.
SponsorsPadgett -Contact Padgett or Email Jeff Phillips
The drama and confusion around Employee Retention Credits continues into 2023 with new guidance creating more questions than answers. In this episode, Roger and Annie provide an update on the latest ERC developments, including new problems facing practitioners and small business owners as well as lingering unresolved issues around amending returns, repayments, and fraud. Join Roger and Annie as they attempt to make sense of the ongoing ERC mess in 2023.
Get NASBA Approved CPE or IRS Approved CELaunch the course on EarmarkCPE to get free CPE/CE for listening to this episode.
Connect with the Hosts on LinkedInRoger Harris
Annie Schwab
Review
Leave a review on Apple Podcasts or Podchaser
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Subscribe to the Federal Tax Updates podcast in your favorite podcast app!
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.
- (00:00) - Welcome everyone to another episode of Federal Tax Updates: We have some ERC updates
- (07:57) - You can still apply for the ERC credit
- (13:31) - If you don't do ERC make sure your clients are working with a legit company
- (19:44) - What if a small business got some ERC money that they probably shouldn't have?
- (32:30) - What qualifies as "Supply Chain Interruption?"
- (33:26) - Roger gives Annie a test if someone would qualify for ERC
- (41:58) - What should the people do if they have legitimate ERC credits?
- (49:33) - Key takeaways about ERC you should know today!
- (52:47) - Wrap up. Please subscribe so you don't miss an episode
SponsorsPadgett -Contact Padgett or Email Jeff Phillips
On this episode Roger and Annie review strategies for tax pros to strengthen their firms, including evaluating clients and fees, developing a niche, implementing new technologies, transitioning to subscription pricing, and creating a succession plan.
Get NASBA Approved CPE or IRS Approved CELaunch the course on EarmarkCPE to get free CPE/CE for listening to this episode.
Chapters
- (00:00) - Federal Tax Updates Episode 14
- (01:57) - Welcome to Federal Tax Updates
- (10:50) - What to do with a client that is not experienced with technology?
- (15:07) - What technologies can be brought to improve your service?
- (22:18) - What can developing a niche do to help your firm?
- (31:53) - What do people mean when they talk about Subscription Pricing?
- (40:37) - IRS released OPR information reminders for succession plans
- (49:43) - Recent IRS updates to be aware of.
- (54:47) - Thanks for listening and please subscribe so you don't miss an episode
Follow the Federal Tax Updates Podcast on Social Mediatwitter.com/FedTaxPod
facebook.com/FedTaxPod
linkedin.com/showcase/fedtaxpod
Connect with the Hosts on LinkedInRoger Harris
Annie Schwab
Review
Leave a review on Apple Podcasts or Podchaser
Subscribe
Subscribe to the Federal Tax Updates podcast in your favorite podcast app!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.
SponsorsPadgett -Contact Padgett or Email Jeff Phillips
On this episode Roger and Annie discuss expiring tax provisions, the latest on ERC audits, the resumption of student loan payments, and IRS budget challenges. They provide guidance on planning for changes, spotting fraudulent ERC providers, and embracing technology to thrive as a firm
Get NASBA Approved CPE or IRS Approved CELaunch the course on EarmarkCPE to get free CPE/CE for listening to this episode.
Chapters
- (00:00) - Welcome to another episode of Federal Tax Updates
- (02:53) - What to watch for in the upcoming presidential election and how it might impact the IRS and taxes
- (12:29) - Updates on the 199A deduction
- (26:02) - Some ERC updates
- (27:23) - How to know if you are a dealing with a legitimate ERC Mill?
- (32:21) - Keys from the practitioner side of ERC
- (41:05) - Updates on student loan forgiveness/repayment
- (44:06) - Annie's Scaling New Heights experience
- (52:20) - Wrap up and please subscribe so you don't miss an episode
Follow the Federal Tax Updates Podcast on Social Mediatwitter.com/FedTaxPod
facebook.com/FedTaxPod
linkedin.com/showcase/fedtaxpod
Connect with the Hosts on LinkedInRoger Harris
Annie Schwab
Review
Leave a review on Apple Podcasts or Podchaser
Subscribe
Subscribe to the Federal Tax Updates podcast in your favorite podcast app!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.
On this episode, Roger and Annie discusses making changes to tax firms during the summer season, emphasizing the need to reflect on the current business to create a better work-life balance. They talk about examining price structure and client list, addressing estimated taxes, and offering advisory meetings to increase revenues. They also emphasize the need for tax practitioners to be proactive in addressing changes in their business.
SponsorsPadgett -Contact Padgett or Email Jeff Phillips
Get NASBA Approved CPE or IRS Approved CELaunch the course on EarmarkCPE to get free CPE/CE for listening to this episode.
Chapters
- (00:00) - Welcome to Federal Tax Updates : What Annie and Roger have been up to this summer
- (13:04) - Where to start changing your firm
- (22:21) - Some more proactive steps
- (29:53) - Tax advice for new business owners
- (45:05) - What can you do now to help yourself during next tax season?
- (50:17) - Changing the way you bill your clients
- (54:35) - Wrap up and please subscribe so you don't miss new episodes
Follow the Federal Tax Updates Podcast on Social Mediatwitter.com/FedTaxPod
facebook.com/FedTaxPod
linkedin.com/showcase/fedtaxpod
Connect with the Hosts on LinkedInRoger Harris
Annie Schwab
Review
Leave a review on Apple Podcasts or Podchaser
Subscribe
Subscribe to the Federal Tax Updates podcast in your favorite podcast app!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.
This week, Roger and Annie cover the latest news. First, they discuss the launch of the ERC audits, then move on to the impact the debt-ceiling agreement will have on the IRS. They also cover the annual IRS "Dirty Dozen" worst tax scams. To wrap things up, Roger recaps his latest trip to Washington, DC.
SponsorsPadgett -Contact Padgett or Email Jeff Phillips
Get NASBA Approved CPE or IRS Approved CELaunch the course on EarmarkCPE to get free CPE/CE for listening to this episode.Links mentioned in this episode
Chapters
- (00:00) - Federal Tax Updates Episode 11
- (01:34) - Latest updates on the ERC
- (27:56) - Updates on the June 3rd debt ceiling
- (34:24) - Rogers recap on his trip to Washington D.C.
- (42:35) - Upcoming deadlines and reminders
Follow the Federal Tax Updates Podcast on Social Mediatwitter.com/FedTaxPod
facebook.com/FedTaxPod
linkedin.com/showcase/fedtaxpod
Connect with the Hosts on LinkedInRoger Harris
Annie Schwab
Review
Leave a review on Apple Podcasts or Podchaser
Subscribe
Subscribe to the Federal Tax Updates podcast in your favorite podcast app!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.
Keep up to date on the latest federal tax information, directly from tax practitioners. Earn NASBA approved CPE and IRS approved CE credits for listening.