Here’s why IRS tax audits have declined over the past decade
Audit rates have been on the decline since 2010. Across all income brackets, the audit rate decreased to 0.25% in 2019, down from 0.9% in 2010.
Impact of New IRS Funds Won’t Immediately Be Felt in Audits
Expectations are high that the IRS will beef up tax enforcement with its new $80 billion in multiyear funds from the Inflation Reduction Act, but it will take some time for that to come to fruition.
Mark Everson talks IRS’ recent activities, budget and CPA shortage
Former IRS Commissioner Mark Everson discusses why the IRS visited journalist Matt Taibbi’s home during his Twitter Files testimony on ‘Cavuto: Coast to Coast.’
Supreme Court Case Pits Privacy Against IRS Power to Trace Cash
The US Supreme Court is slated to hear a case Wednesday that will test the reach of privacy protections against the IRS’s power to demand bank account records without ever notifying account holders.
Accountants’ Salaries Are Rising, but It May Not Add Up to More Accountants
Firms hand recent graduates fatter offers and juicier opportunities with more responsibility, while also working to change perceptions, in a bid to boost ranks
alliantgroup hosts Houston ISD Science Teacher Meeting
It’s always a pleasure to have our #science #teacher friends from Houston ISD visit! This week, we hosted the HISD Elementary Science department for their quarterly…
Employee Retention Credit — Eyes Open
The IRS recently announced that scams from promoters pitching the Employee Retention Credit (ERC) to unwary business owners is the top of the “dirty dozen” list of tax cons this year. As I’ve written about previously, business owners need to be eyes open about the ERC – and work closely with their CPA/trusted tax advisor about whether they may qualify for the ERC.
Moon 2 Mars Festival
Space Center Houston hosted their annual Moon2Mars Business Conference earlier this week. Our Senior Director of Strategic Communications and Philanthropy.
Accountants Head Overseas for Talent
The crunch for talent within the accounting profession remains one of the biggest obstacles for U.S. accounting firms today.
Small Businesses Face Big Tax Bills From Research-Deduction Change
Laura Lynn Gonzalez expected a tax refund this year, after her two-employee data-visualization company experienced a $30,000 loss. Instead, she said, she is facing a $100,000 federal tax bill that is about as large as her 2022 salary.