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Accounting and Accountability

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...