tax practice

how the r&d tax credit has expanded over the years

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portrait of deborah roth
roth

improving your process? you could qualify.

by deborah roth
source advisors

deborah roth is practice leader and managing director in the fort worth, texas office of source advisors.

governments typically incentivize private industry to produce research and development (r&d) as a strategic tool to advance their economies. initially temporary, the federal r&d tax credit became the united states’ primary means for rewarding businesses for investment in research. the path act of 2015 permanently extended the r&d tax credit and expanded its provisions.

more: the nine-point plan for handling §179d
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rapid changes in technology over the past decades have forced most companies to constantly innovate. at every stage, companies encounter technical challenges related to developing new or improved products and trade processes and integrating them with existing assets.
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tax season ’22: working harder for every dollar

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we may be miserable but the money is rolling in.

how does your tax practice measure up?
join the survey. get the results.

by 卡塔尔世界杯常规比赛时间 research

for the first time in a long time, the 卡塔尔世界杯常规比赛时间 busy season barometer is picking up signs of optimism among tax practitioners.

optimism! it seems kind of quaint today, like a rerun of mary poppins.

more:  irs tops list of busy season problems |  shut down the tax charlatans | tax pros preparing 46 percent of e-filings | eight quick, easy ways to fix irs filing | for a few: why busy season 2022 beats 2021 | a tax season worse than 2021? | 16 traits of the best tax clients | six fixable problems at the irs | irs under covid: heroes or goats? | irs launches 2022 season with “strong start” | two big (and obvious) ways irs could work with practitioners | imagine a fully online irs | the real cost of interstate sales tax | irs at death’s door? | beyond tax prep: the big cha-ching! | crisis at the irs | the irs’s 10 biggest problems | fear and loathing for tax season ’22

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but mary poppins, cpa, might have a bit of a hangover.

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irs tops list of busy season problems

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forget covid. the underfunded, understaffed, underequipped, underappreciated, misunderstood irs is the top problem.

by 卡塔尔世界杯常规比赛时间

it probably won’t surprise you that the 卡塔尔世界杯常规比赛时间 busy season barometer identifies irs operations as the biggest problem tax practitioners face today. in fact, we’ve never seen such widespread agreement among respondents—an astonishing 80 percent of them.

more in tax: shut down the tax charlatans | tax pros preparing 46 percent of e-filings | eight quick, easy ways to fix irs filing | for a few: why busy season 2022 beats 2021 | a tax season worse than 2021? | 16 traits of the best tax clients | six fixable problems at the irs | irs under covid: heroes or goats? | irs launches 2022 season with “strong start” | two big (and obvious) ways irs could work with practitioners | imagine a fully online irs | the real cost of interstate sales tax | irs at death’s door? | beyond tax prep: the big cha-ching! | crisis at the irs | the irs’s 10 biggest problems | fear and loathing for tax season ’22

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that consensus indicates that there really is a problem at the irs. it’s underfunded, understaffed, underequipped, and, at this point, underappreciated and misunderstood.

the real problem is that the problem is creating problems. irs staff can’t keep up with correspondence, yet the computers, even though working off an operating system that dates back to the kennedy administration, keep churning out moot notices and undeserved penalties.

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the nine-point plan for handling §179d

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portraits of karen koch and imran syed
koch and syed

it takes a team.

by karen j. koch and imran syed
source advisors

karen j. koch, cpa, mt, is a senior director in the louisville, ky., office of source advisors. imran syed, p.e., leed ap, cem, hers rater, is a senior director, energy services in the fort worth, texas, office.

section §179d can help your commercial real estate clients reduce taxable income and increase cash flow significantly. just make sure you know the current rules, rates, regs, and the reach of this provision.

whether you have a large roster of commercial real estate clients or are just dipping your toes in the water, it’s easy to get overwhelmed by all the existing and potential changes to energy incentives. that’s why it’s so important for the energy design needed to qualify for tax incentives to be correct in the original design. the design for claiming lucrative tax incentives is as critical as building the financial stack.

map out a list of points to discuss with your commercial real estate clients.
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shut down the tax charlatans

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why shouldn’t tax practitioners be regulated? ask congress.

by 卡塔尔世界杯常规比赛时间

what do lawyers, cpas, truck drivers, and beauticians have that many tax preparers don’t?

certification.

more in tax: imagine a fully online irs | the real cost of interstate sales tax | irs at death’s door? | beyond tax prep: the big cha-ching! | crisis at the irs | the irs’s 10 biggest problems | fear and loathing for tax season ’22 |  padar joins vc-backed tax fintech for banks |  covid chokes an already crippled irs | tax regs for the metaverse | 10 steps to a superior tax department | accountants critical of competitor price-cutting |  automate busy season with apps you already use | sales & use tax costs are higher than anyone thought | survey: nobody loves the wayfair decision | busy season forecast: more chaos  | a woman named wanda leaves an ira nightmare  | are you under-pricing your client accounting services?  | your best advice: get smart, get tech, get moving | worries for small business clients |

goprocpa.compro members: log in here or 2022世界杯足球排名 today.

or, to use other words, proven competence. the tax preparation industry is a mixed bag of highly skilled and credentialed professionals, less skilled newbies trying to learn the trade on the job, and charlatans skilled in not much more than ripping off the unsuspecting or, at best, doing a slapdash job. read more →

eight quick, easy ways to fix irs filing

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well, “quick” and “easy” on paper. in real life at the irs, it’s different.

by 卡塔尔世界杯常规比赛时间

there’s always room for improvement—even (or, especially?) at the internal revenue service.

for one thing—or really eight things—the process of filing returns could stand a little fine-tuning.

the only problem is, changing some parts of the process require changing the tax code, and that requires congressional legislation, and that requires…well, no one really knows.

more tax: imagine a fully online irs | the real cost of interstate sales tax | irs at death’s door? | beyond tax prep: the big cha-ching! | crisis at the irs | the irs’s 10 biggest problems | fear and loathing for tax season ’22 |  padar joins vc-backed tax fintech for banks |  covid chokes an already crippled irs | tax regs for the metaverse | 10 steps to a superior tax department | accountants critical of competitor price-cutting |  automate busy season with apps you already use | sales & use tax costs are higher than anyone thought | survey: nobody loves the wayfair decision | busy season forecast: more chaos  | a woman named wanda leaves an ira nightmare  | are you under-pricing your client accounting services?  | your best advice: get smart, get tech, get moving | worries for small business clients |

goprocpa.compro members: log in here or 2022世界杯足球排名 today.

here are the eight problems with the process of filing tax returns identified by the taxpayer advocate service—and just as many simple solutions.

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for a few: why busy season 2022 beats 2021

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one in four tax practitioners say they’ve learned from last year.

by 卡塔尔世界杯常规比赛时间

the 2022 卡塔尔世界杯常规比赛时间 busy season barometer isn’t turning up much optimism, but a good quarter of respondents are telling us that this year just might be better than 2021.

judging from their comments, however, “better” seems to mean “not as bad.”

more: your sales tax headaches are only just beginning  |  six fixable problems at the irs   |  irs under covid: heroes or goats?   |  irs loves e-filing. so why the barriers?  |  two big (and obvious) ways irs could work with practitioners   |  eight ways to charm a client | plug small leaks before they become big floods | you’re only as good as your last screw-up | four issues with ‘quick’ tax questions | when to pick up the phone this tax season | these five procedures will simplify your tax season | 11 steps to better client tax instructions

goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

out of the 577 practitioners who’ve responded so far, only five percent said that this year is “much better” than last year, though another 21 percent granted that so far it’s “somewhat better.”

but that’s compared with 47 percent who say it’s somewhat or much worse.

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your sales tax headaches are only just beginning

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watch the video or listen to the podcast.

follow 卡塔尔世界杯常规比赛时间 podcasts on apple podcasts here or grab the rss feed here.

with rick telberg
for 卡塔尔世界杯常规比赛时间

the changes wrought by covid are rolling through the business world, pushing many of them into online commerce and cross-border sales and, ultimately, into new and nforeseen tax problems, according to liz armbruester, senior vp of global compliance at avalara.

more: six fixable problems at the irs   |  irs under covid: heroes or goats?   |  irs loves e-filing. so why the barriers?  |  two big (and obvious) ways irs could work with practitioners   |  eight ways to charm a client | plug small leaks before they become big floods | you’re only as good as your last screw-up | four issues with ‘quick’ tax questions | when to pick up the phone this tax season | these five procedures will simplify your tax season | 11 steps to better client tax instructions
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

from her perch, see tracks how governments at all levels and across the globe are capitalizing on the rapidly digitizing business world to automatically collect taxes due. in the u.s., states and localities are gearing up to crack down on the new sources of revenues, leaving many businesses and their accountants still ill-equipped to handle the new rules, armbruester tells rick telberg for 卡塔尔世界杯常规比赛时间.

read more →

a tax season worse than 2021?

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you’re not alone. most tax practitioners report a tougher season than last year’s.

mostly worse: barely 1 in 4 accountants report improvements over last year.

by 卡塔尔世界杯常规比赛时间

so, how’s your busy season going? is everything fine and dandy?

or are you among the 47 percent of tax practitioners who are doing somewhat worse (34 percent) or much worse (13 percent) than last year?

more: six fixable problems at the irs   |  irs under covid: heroes or goats?   |  irs loves e-filing. so why the barriers?  |  two big (and obvious) ways irs could work with practitioners   |  eight ways to charm a client | plug small leaks before they become big floods | you’re only as good as your last screw-up | four issues with ‘quick’ tax questions | when to pick up the phone this tax season | these five procedures will simplify your tax season | 11 steps to better client tax instructions
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

on one hand, that’s less than half of everyone. on the other, you’d think nothing could be worse than last year.

but according to the 2022 卡塔尔世界杯常规比赛时间 busy season barometer, somehow it’s happening.

read more →

16 traits of the best tax clients

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green cast iron sign with white 16 painted on it

subscriber frank kistner adds no. 17: clients who remove staples from source documents (because they can damage your scanner/copier).

by ed mendlowitz
tax season opportunity guide

clients are our customers who pay our salaries and present us with stimulating opportunities allowing us to grow.

more: eight ways to charm a client | plug small leaks before they become big floods | you’re only as good as your last screw-up | four issues with ‘quick’ tax questions | when to pick up the phone this tax season | these five procedures will simplify your tax season | 11 steps to better client tax instructions
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

there is no such thing as a bad or nuisance client – although there are clients who sometimes do bad or nuisance things.
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six fixable problems at the irs

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and the irs already knows what they are.

by 卡塔尔世界杯常规比赛时间

tax practitioners beware: the irs has become a mess of misinformation and missing information.

more tax: two big (and obvious) ways irs could work with practitioners  | imagine a fully online irs | the real cost of interstate sales tax | irs at death’s door? | beyond tax prep: the big cha-ching! | crisis at the irs | the irs’s 10 biggest problems | fear and loathing for tax season ’22 |  padar joins vc-backed tax fintech for banks |  covid chokes an already crippled irs | tax regs for the metaverse | 10 steps to a superior tax department | accountants critical of competitor price-cutting |  automate busy season with apps you already use | sales & use tax costs are higher than anyone thought | survey: nobody loves the wayfair decision | busy season forecast: more chaos  | a woman named wanda leaves an ira nightmare  | are you under-pricing your client accounting services?  | your best advice: get smart, get tech, get moving | worries for small business clients |

goprocpa.compro members: log in here or 2022世界杯足球排名 today.

it’s isn’t a complete mess, but there are problems… and solutions. we can think of six no-brainer easy fixes. read more →

irs under covid: heroes or goats?

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agents resort to filing by forklift.

by 卡塔尔世界杯常规比赛时间

let us pause for a moment of kudos.

last year, the irs accepted a mission impossible. it wasn’t just underfunded, understaffed, and underequipped but overloaded, overworked, and overdue.

more tax: two big (and obvious) ways irs could work with practitioners  | imagine a fully online irs | the real cost of interstate sales tax | irs at death’s door? | beyond tax prep: the big cha-ching! | crisis at the irs | the irs’s 10 biggest problems | fear and loathing for tax season ’22 |  padar joins vc-backed tax fintech for banks |  covid chokes an already crippled irs | tax regs for the metaverse | 10 steps to a superior tax department | accountants critical of competitor price-cutting |  automate busy season with apps you already use | sales & use tax costs are higher than anyone thought | survey: nobody loves the wayfair decision | busy season forecast: more chaos  | a woman named wanda leaves an ira nightmare  | are you under-pricing your client accounting services?  | your best advice: get smart, get tech, get moving | worries for small business clients |

goprocpa.compro members: log in here or 2022世界杯足球排名 today.

and then covid came back with a vengeance. read more →