Claims for the Residential Clean Energy Credit averaged $5,084 per tax return.
Category: NYT Accounting News
Avoid this common retirement blunder
Your clients have worked long and hard their entire adult lives to secure a comfortable retirement, so make certain they don’t make one of the most common mistakes as they contemplate their options.
Final IRS rules to IRA beneficiaries: Get going on those RMDs already
Heirs and their financial advisors should start figuring out how to minimize the tax impact of the end of the so-called stretch strategy, experts said.
In the blogs: All CAPS
AI is your friend; hope from Moore; the risks; and other highlights from our favorite tax bloggers.
House Republicans want to keep clean-energy tax credits
A letter from 18 Republican representatives told Speaker Mike Johnson not to repeal the
Tax bill failure in Senate could decimate small-biz R&D
While large companies can afford not to currently expense research and development costs, but many small companies can’t, say experts.
Tax Strategy: Employee Retention Credit update
The IRS started processing claims received prior Sept. 14, 2023, and has an inventory of 1.4 million ERC claims totaling more than $86 billion.
Accounting talent shortage worsens
As the pipeline dries up, 83% of senior leaders report a talent shortage this year, up from 70% in 2022, with 10% this year saying it’s worsening.
Ex-Wirecard CFO charged in ongoing accounting scandal
An ex-board member was also charged in the long-running scandal, both for breach of trust in approving sketchy loans.
Study finds accountants slow to adopt gen AI
When asked to rate how much they use generative AI tools on a scale from 1-10, accountants rated their overall use at 1.56