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The Inflation Reduction Act, effective August 16, 2022, included legislation that increases IRS funding by roughly $80 billion over the next 10 years. Nearly $46 billion (69%) of the additional
A recent blog post provided an update on the development of IRS initiatives to help businesses that were victims of aggressive Employee Retention Credit (ERC) promoters misrepresenting ERC eligibility. In
In our recent blog post, we provided an overview of controversial changes related to the timing of claiming research tax credits under IRC Section 174. This article reviews the new
Beginning on January 1, 2024, many companies will be required to report information to the government about who ultimately owns and controls them. The Federal Corporate Transparency Act (CTA), which
As 2023 draws to a close, individual taxpayers can utilize a variety of tax planning strategies to help reduce taxable income. We will be posting a series of ideas to
As 2023 draws to a close, individual taxpayers can utilize a variety of tax planning strategies to help reduce taxable income. We will be posting a series of ideas to
As 2023 draws to a close, individual taxpayers can utilize a variety of tax planning strategies to help reduce taxable income. We will be posting a series of ideas to
The IRS allows small business owners to take a deduction for the business use of a taxpayer’s home. The home office deduction allows a taxpayer to deduct a portion of
The final CPE Day presentation covered updates related to accounting and assurance topics. Jeff Ford and Megan Troxell provided an overview of a recent changes to U.S. GAAP that were
Continuing with the unofficial game show theme of CPE Day, GYF’s Mike Weber and Rebekah Flanders tied their presentation to the 1980’s Press Your Luck and reviewed a number of
To complement the earlier CPE Day segment regarding key considerations for buying a business, Don Johnston, Mark Wolstoncroft, and Ryan Fronius presented The Price is Right – Issues Related to
Don Johnston, Mark Wolstoncroft, and Amber Pinskey kicked off GYF’s annual CPE Day with the first of a two-part, game-show themed presentation related to M&A transactions. This presentation, Let’s Make
