CPA Never under estimate the value
IRS commissioner Danny Werfel told the Senate Finance Committee that a tax bill passed by the House in January would help the IRS combat fraud in employee retention credit claims.
Source: JOA News
Read More here – Despite moratorium, IRS gets 20,000 ERC claims weekly, Werfel says
Research reveals that four years removed from the beginning of the pandemic, the majority of the largest companies in America feature a structured hybrid model. The most popular model? Three days per week in the office.
Source: JOA News
Read More here – More than 4 in 5 large companies still offer flexible work model
In light of the continuing challenges taxpayers are facing with the corporate alternative minimum tax, the IRS granted a waiver of the addition to tax for failure to pay estimated corporate AMT “in the interest of sound tax administration.”
Source: JOA News
Read More here – IRS grants limited waiver for underpayment of estimated corporate AMT
Large-company CEOs in a KPMG survey are confident in the U.S. economy despite multiple risks. Also, the CEOs seem to be changing their thinking about a permanent return to in-office work, with more envisioning a hybrid model.
Source: JOA News
Read More here – Cautious optimism: CEOs confident in their businesses, the economy
CPAL: The win-win of effective well-being initiatives: 5 steps for leaders
Happy employees are productive employees, but simply offering well-being programs won’t get the job done. The key to success? A companywide commitment that delivers real results in the eyes of current and potential employees.
Source: JOA News
Read More here – The win-win of effective well-being initiatives: 5 steps for leaders
The IRS winds up its annual list of 12 scams and schemes by covering two broad categories: bogus tax-avoidance strategies and schemes with an international element.
Source: JOA News
Read More here – Dirty Dozen list ends with easements, digital assets, and more
Two sets of proposed regulations issued by the IRS provide guidance on the implementation of the new excise tax and on rules for the procedure and administration applicable to the reporting and payment of the tax.
Source: JOA News
Read More here – Proposed regs. issued for 1% excise tax on corporate stock repurchases
The proposals, open for public comment through June 7, cover 11 firm and engagement metrics as well as new annual and special reporting requirements in five key areas.
Source: JOA News
Read More here – PCAOB proposals call for firms to disclose more about themselves
The IRS said it will not include the rebates provided under the Inflation Reduction Act of 2022 in individual purchasers’ gross income or in the cost basis of the property purchased.
Source: JOA News
Read More here – Two home energy rebates not includible in gross income, IRS says
In a letter to the Treasury secretary and the FinCEN director, the AICPA called for enforcement of beneficial ownership information reporting regulations to be suspended until after lawsuits are settled.
Source: JOA News
Read More here – AICPA: BOI ruling confuses businesses; enforcement should be delayed
