"The biggest thing we have going on right now in the world of taxation is uncertainty," said Chris Wilcox, partner/Las Vegas market leader, Eide Bailly. "Business owners don't know what the next year is going to look like at the end of 2025. We have a number of tax provisions that are going to expire such as bonus depreciation, which is phasing down. There's the section 199A … [Read more...] about Old or New, Retired or Renewed
RubinBrown
Industry FocusCPAs
The accounting industry is rapidly changing. While staying on top of new tax laws is already a feat, the introduction of new technology with AI is challenging the industry like never before. These issues, paired with difficulties communicating with the IRS and a downward trend in finding talent, has accountants pushing forward and hoping for the best. Recently, a group of … [Read more...] about Industry Focus
Industry FocusCPAs
The public accounting industry is one under fire. From significant staffing shortages, constant changes in legislation and a lack of support from the Internal Revenue Service (IRS), a career in accounting is not for the faint of heart. Recently, CPA executives met at a roundtable to discuss the many challenges they face as an industry and the solutions they have implemented to … [Read more...] about Industry Focus
Industry FocusCPAs
Frequently named as the most trusted profession by business owners, leaders in the certified public accountant (CPA) industry have had their work cut out for them in 2021. From navigating complex issues arising from the COVID pandemic to dealing with ever-changing rules from the Federal government, CPAs are working to remain flexible and available for their clients. … [Read more...] about Industry Focus