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Accounting and Accountability

Episode 50: ERTC program estimates $2 trillion in fraud

Sep 23, 2022

In this episode we discuss:


The Secure Act 2.0, which includes the EARN Act, is currently in Congress.  Listen in to hear how it may impact you and your business if passed.


October 17, 2022 is the deadline for filing your personal and calendar-year C-Corp returns.


Authorities estimate the ERTC program has resulted in...


Sep 9, 2022

In this episode we discuss: 

  • Forgiven student loans are not taxable on a federal level, but your state/locality may be different.
  • The IRS has announced that they will give relief for the failure to file penalty for 2019 and 2020 returns.
  • The IRS is enhancing focus on compliance for Subchapter – S...


Aug 26, 2022

In this episode we discuss: 

  • The Inflation Reduction Act has passed.
    • There are energy improvement credits available.
    • The electric vehicle credit has been revamped.
  • The IRS has been given additional funding for improved customer service and agents.
  • There are small business startup funds available for...


Aug 12, 2022

In this episode:

  • The IRS is keeping a watchful eye on cryptocurrency transactions.  Make sure you know your facts.
  • Additional childcare covid relief is now expired.  Have you planned for your 2022 tax return accordingly?
  • Are you donating a car or large item? Know what is required for your taxes.
  • The Inflation Reduction...


Jul 15, 2022

In this episode: 

  • The IRS will start using voicebots for incoming calls regarding collections with plans to expand its usage. 
  • New Overtime Rules will potentially be released this fall.
  • If cryptocurrency is being used it triggers a taxable event.  The IRS is cracking down on these transactions.
  • We review new policy...