Tax Practice News
Tax Legislation Watch: House Advances, Senate Prepares Changes
The House Ways and Means Committee has advanced the $3.8 trillion tax portion of a sweeping reconciliation bill, with the full House expected to vote on the package by Memorial Day. Tax professionals should prepare clients for significant changes.
May 22, 2025
Advising on Entity Structure: Expanding on Consulting Services
Tax professionals are uniquely qualified to guide clients through the tax implications of different business structures. When discussing options with clients, highlight how LLCs offer flexibility and liability protection and more.
May 20, 2025
IRS High-Income Nonfiler Sweeps: What Tax Practitioners Need to Know
A recent Treasury Inspector General for Tax Administration report reveals that IRS "sweeps" targeting high-income nonfilers have proven remarkably effective.
May 15, 2025
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The 2025 Tax Practitioner Hiring Crisis
The tax profession faces unprecedented recruiting challenges in 2025. As specialized tax expertise becomes increasingly valuable amid evolving legislation, firms struggle with a diminishing pipeline of qualified candidates.
May 13, 2025
How Strategic Emotional Leadership Drives Tax Firm Success
In our high-pressure industry, where tax season can feel like an endless marathon of deadlines and demanding clients, effective leadership makes the difference between a thriving practice and a burned-out team.
May 8, 2025
