After the chaos of tax season, it's the perfect time to evaluate your accounting practice and make changes for a smoother upcoming year. In this episode, Roger is joined by guest Amanda Aguillard to discuss strategies to "right-size" your client roster, optimize technology usage, diversify service offerings, and implement better work-life balance. They share tips on reviewing clients, pricing appropriately, leveraging accounting services beyond tax prep, and avoiding the unhealthy grind culture. SponsorsPadgett -  Contact Padgett or (00:00) - Welcome to Federal Tax Updates (02:04) - Mee ..read more

In this episode, Roger sits down with Catharine Madeley, a tax practitioner who recently experienced a data breach at her firm. Catherine shares her firsthand account of how the breach unfolded, the steps she took to respond, and the lessons she learned along the way. She offers valuable insights into the importance of having a robust cybersecurity plan, the critical role of communication with clients, and the need to be proactive in protecting sensitive client information. SponsorsPadgett -  Contact Padgett or (00:00) - Welcome to the Federal Tax Updates Podcast (01:30) - Introducing O ..read more

Tax professionals must steer through a complex maelstrom during the 2024filing season. Roger and Annie serve as experienced guides, helping listeners chart a course around hazards like the Employee Retention Credit squalls, the revised "economic realities" path for worker classification under new Department of Labor rules, and proposed tax law changes including an enhanced Child Tax Credit and R&D deduction restart. With their steady hands on the bridge, preparers can safely navigate these choppy waters. SponsorsPadgett -  Contact Padgett or (00:00) - Welcome to Federal Tax Updates ..read more

In this episode, Roger Harris is joined by special guest Blake Oliver to unpack some of the biggest tax stories making headlines. From a federal court ruling deeming a new business reporting law unconstitutional to the staggering estimates of tax evasion by the wealthy. They also dive into the IRS's foray into direct filing for simple returns, the potential role of AI in tax preparation, and how states rank in their tax climates for businesses. SponsorsPadgett -  Contact Padgett or (00:00) - Welcome To Federal Tax Updates (01:11) - Special Guest Blake Oliver Joins the Show (02:36) - Div ..read more

Here's an excerpt from next week's Federal Tax Updates podcast, Episode 27. Blake Oliver joins Roger to discuss the latest tax news headlines including how the Corporate Transparency Act has been ruled unconstitutional. Be sure to download the full episode, Monday, March 11, to hear the entire discussion. 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 HarrisAnnie Schwab Connect with Blake Review Leave a review on Apple Podcasts or Podchaser Subscribe Subscribe to the Federal Tax ..read more

As tax season kicks off, Annie and Roger discuss tips for practitioners and taxpayers, including using e-file and direct deposit for fastest refunds, being vigilant about IRS scam alerts, reviewing Circular 230 rules on duties and liabilities, and evaluating your processes after April to improve efficiency. They also touch on state filing deadlines, new disaster relief forms delaying state returns, and the importance of obtaining complete information before filing. SponsorsPadgett -  Contact Padgett or (00:00) - Federal Tax Updates Episode 26 (02:33) - Tips for Taxpayers and Practitione ..read more

Roger and Annie kick off the 2024 tax season by explaining the new beneficial ownership reporting requirements under the Corporate Transparency Act. They detail who must comply, what information must be disclosed, and the tight deadlines and penalties involved. They also discuss whether accountants should assist clients with these complex filings or refer them to attorneys. Additionally, Annie provides an update on navigating ERC claims during the current filing season and Roger warns listeners to pay attention to potential last-minute tax law changes from Congress. SponsorsPadgett -  Con ..read more

Get ready for the 2024 tax season with Roger and Annie! They cover critical deadlines, documentation tips, e-filing requirements, ERC updates,  and other need-to-know changes that affect small businesses and tax preparers this year. SponsorsPadgett -  Contact Padgett or 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) - Welcome To Federal Tax Updates Episode 24 (01:18) - Summary of employee retention credit and updates (02:48) - Overview of voluntary program fo ..read more

In this episode of Federal Tax Updates, hosts Roger Harris and Annie Schwab are joined by special guest Megan Killen, 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 c ..read more

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. SponsorsPadgett -  Contact Padgett or (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 Addi ..read more