View Padgett President Roger Harris' congressional testimony on the impact of the Corporate Transparency Act and the BOI reporting requirements here.
Circular 230 Changes: What Practitioners Need to Know
March 24th, 2025 | podcast
SponsorsPadgett – Contact Padgett or Email Jeff PhillipsRoger and Annie welcome guest Bob Kerr to discuss proposed changes to Circular 230, the regulations governing practice before the IRS. They explore contentious issues including contingen…
Latest Posts
BOI Relief, Tax Reform, and IRS Restructuring
SponsorsPadgett – Contact Padgett or Email Jeff PhillipsRoger and Annie provide critical updates on the Treasury Department’s decision to halt Corporate Transparency Act penalties and enforcement requirements, bringing relief to tax practitio…
IRS Upheaval: Staff Cuts, BOI Updates, and Filing Season Insights
SponsorsPadgett – Contact Padgett or Email Jeff PhillipsRoger and Annie explore major changes affecting tax professionals in early 2024, including significant staffing changes at the IRS and ongoing uncertainty around Beneficial Ownership Inf…
IRS Funding, Tax Gaps, and Modern Tech
Former IRSAC Chair Annette Nellen joins Roger and Annie to discuss critical challenges facing the IRS and tax administration. The conversation explores the growing tax gap, the importance of consistent IRS funding, and efforts to modernize tax…
Featured Articles
The Dirty Dozen Tax Scams of 2023
This week, Roger and Annie cover the latest news. First, they discuss the launch of the ERC audits, then move on to the impact the debt-ceiling agreement will have on the IRS. They also cover the annual IRS “Dirty Dozen” worst tax scams. To wr…
Breaking Down the SECURE Act 2.0
Roger and Annie discuss the changes in the SECURE 2.0 Act of 2022 and how this impacts small business owners with regards to offering retirement plans to their employees. They also talk about recent changes in IRS regulations that could prove …
Latest Tax, Accounting & Financial Tips
The Social Security wage base for employees and self-employed people is increasing in 2024
The Social Security Administration recently announced that the wage base for computing Social Security tax will increase to $168,600 for 2024 (up from $160,200 for 2023). Wages and self-employment income above this threshold aren’t subject to Social Security tax. Basic details The Federal Insurance Contributions Act (FICA) imposes two taxes on employers, employees and self-employed workers — one for Old Age, Survivors and Disability Insurance, which is commonly known as the Social Security tax, and the other for Hospital Insurance, which is commonly known as the Medicare tax. There’s a maximum amount of compensation subject to the Social Security tax, but no maximum for Medicare tax. For 2024, the FICA tax rate for employers will be 7.65% — 6.2% for…Read More→
Facing a future emergency? Two new tax provisions may soon provide relief
8 Tax Deductions Every Small Business Owner Should Know
What the ERC Pause Means for Small Business Owners
Tax Tips for Self-Employed Individuals
11 Accounting Mistakes to Avoid as a Small Business Owner
Tax Audits Demystified: How to Prepare and Respond as a Small Business
View All Tax Tips
View All Accounting Posts
View All Financial Tips
Smallbiz Builder Newsletter
Receive tips of the trade straight to your inbox
The SmallBiz Builder breaks down some of the top issues that small business owners deal with every day, offering the latest news, tax and accounting tips and helpful guides from our team of trusted advisors.
