Sep 24, 2021
In this episode we review some of the major changes in the newest proposal, which include:
- Corporate tax rates
- Individual tax rates
- Net Investment Income Tax (NIIT)
- 199A changes
- Estate tax and estate planning strategies
We also cover the story of Martin Shkreli, the "Most Hated Man in America".
Jul 30, 2021
In this episode we discuss:
Biden's proposed Capital Gains Tax changes
Potential Childcare Credit expansions
Recommendations for keeping tax documents
The IRS lag
Stick around and hear how Claudio Osorio went from Ernst & Young's Entrepreneur of the Year to defrauding his neighbors and pretending to be the hero Haiti...
Jul 2, 2021
In this episode we discuss:
- "Obamacare" was challenged again in the most recent ACA update and found by the Supreme Court to be constitutional so the Net Investment Income Tax (NIIT) stands.
- The Delaware Relief Grant applications for forgiveness have been extended and emails with further guidance will be issued by the...
Jun 4, 2021
In this episode we discuss:
- A method for reducing tax liability for seasonal workers,
- how employing your own children can be beneficial,
- the $600 billion Tax Gap and the resulting random IRS audits,
- the benefits of filing your amended returns electronically,
- new IRS audit guidelines for contractors, and
- help for those...
May 7, 2021
In this episode of Accounting and Accountability the team reviews:
- The Restaurant Revitalization Fund
- President Biden's proposed tax law changes in the American
Families Plan
- Higher Child Tax Credit
- Changing Tax Rates
- Capital Gains impact
- Like Kind Exchange changes
- Current state of IRS refunds
We'll also talk about...