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Gearing Up for Q4: Tax Prep Tips and Insights
Manage episode 377391401 series 3436441
In this episode, Roger and Annie cover recent federal tax updates and urge tax professionals to gear up for the October 15 extension by assessing their performance and contemplating tax software changes. They delve into rising IRS audit notices for the Employee Retention Credit (ERC), the new 1099-K reporting threshold, the IRS's halt on surprise visits by revenue officers, and the impending Corporate Transparency Act.
Sponsors
Padgett - Contact Padgett or Email Jeff Phillips
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 the Hosts on LinkedIn
Roger 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.
- (01:02) - Welcome to Federal Tax Updates : how to be proactive
- (08:26) - What's new with ERC
- (11:43) - Estimated tax payments or adjusting withholdings
- (14:05) - The start of IRS notices and what do they mean?
- (16:15) - How to respond to an IRS Notice?
- (28:51) - What kind of documentation does the IRS expect small business owners to have?
- (37:10) - Updates on 1099-Ks
- (46:32) - New changes in policy for the IRS
- (48:26) - Updates on the Transparency Act
- (54:17) - Making changes to your overall work environment
- (55:25) - Remember to subscribe so you don't miss an episode
48 episódios
Manage episode 377391401 series 3436441
In this episode, Roger and Annie cover recent federal tax updates and urge tax professionals to gear up for the October 15 extension by assessing their performance and contemplating tax software changes. They delve into rising IRS audit notices for the Employee Retention Credit (ERC), the new 1099-K reporting threshold, the IRS's halt on surprise visits by revenue officers, and the impending Corporate Transparency Act.
Sponsors
Padgett - Contact Padgett or Email Jeff Phillips
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 the Hosts on LinkedIn
Roger 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.
- (01:02) - Welcome to Federal Tax Updates : how to be proactive
- (08:26) - What's new with ERC
- (11:43) - Estimated tax payments or adjusting withholdings
- (14:05) - The start of IRS notices and what do they mean?
- (16:15) - How to respond to an IRS Notice?
- (28:51) - What kind of documentation does the IRS expect small business owners to have?
- (37:10) - Updates on 1099-Ks
- (46:32) - New changes in policy for the IRS
- (48:26) - Updates on the Transparency Act
- (54:17) - Making changes to your overall work environment
- (55:25) - Remember to subscribe so you don't miss an episode
48 episódios
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