Charity for none; Dr. Backdate; frivolous correspondence; and other highlights of recent tax cases.
Day: September 21, 2023
IRS moratorium on ERC claims spotlights preparers
The service is encouraging employers to work with qualified tax professionals rather than shady promoters.
Digital transformation beat expectations, but profits lag
A KPMG poll found more than half of businesses say digital transformation initiatives have exceeded expectations for ROI but this may not necessarily translate into more profits.
ERC abuse brings renewed push for regulation of paid tax preparers
AICPA and Treasury advocate for congressional action to help thwart the unscrupulous promotors that use the employee retention credit to make money by taking advantage of small businesses.
Mendlowitz establishes scholarship at Baruch
The accounting icon has found yet another way to give back in addition to his teaching, mentoring, writing and many other contributions to the profession.
Small businesses face new family leave and pay requirements
Businesses have been dealing not only with inflation and rising interest rates, but also new requirements for family leave, minimum wage increases, and pay transparency rules.