Federal Tax Updates

By Roger Harris, EA and Annie Schwab, CPA

CPAs, Enrolled Agents, and Tax Preparers can keep up-to-date with the latest federal tax information while earning NASBA approved CPE credits and IRS approved CE credits by listening to the bi-weekly ... more

4.9

2727 ratings

Download on the App Store

Download on the App Store

Get it on Google Play

FAQs about Federal Tax Updates:

How many episodes does Federal Tax Updates have?

The podcast currently has 44 episodes available.

Federal Tax Updates episodes:

September 23, 2024Elections, Tax Changes, and Compliance Deadlines
Roger and Annie discuss the unique challenges tax practitioners face as 2024 draws to a close. They explore the potential impact of the upcoming election on tax law, ongoing issues with the Employee Retention Credit, and the looming deadline for Beneficial Ownership Information reporting. The hosts provide insights on how to approach tax planning amidst uncertainty and offer practical advice for managing client expectations during this complex period.
Sponsors
Padgett - Contact Padgett or Email Jeff Phillips
- (00:00) - Welcome to Federal Tax Updates
(01:46) - Challenges in Tax Planning
(03:07) - Election Impact on Tax Laws
(07:14) - Potential Changes in Tax Provisions
(16:38) - Electric Vehicle Tax Credits
(21:30) - Tax Reform and Future Considerations
(27:02) - Meeting with IRS Commissioner Werfel
(28:24) - IRS Funding and Staffing Challenges
(29:16) - Tax Scams and Fraud Prevention
(32:57) - Employee Retention Credit (ERC) Updates
(40:40) - Beneficial Ownership Information Reporting
(50:22) - End-of-Year Tax Planning and Challenges
(51:54) - Final Thoughts and Wrap-Up

Get NASBA Approved CPE or IRS Approved CE
Launch the course on EarmarkCPE to get free CPE/CE for listening to this episode.
Connect with the Hosts on LinkedIn
https://www.linkedin.com/in/rogerharrispbs/
https://www.linkedin.com/in/annie-schwab-852418261/

Review
Leave a review on Apple Podcasts or Podchaser

Subscribe
Subscribe to the Federal Tax Updates podcast in your favorite podcast app!
This podcast is a production of the Earmark Media
...more
54min
September 09, 2024Live From The Dallas IRS Tax Forum
Join Roger and Annie on this special episode, as they take you behind the scenes at the IRS National Tax Forum in Dallas. Through interviews with key figures from the IRS, professional associations, and industry leaders, this special episode offers unique insights into the current state of tax practice and policy. Listeners will gain valuable perspectives on critical issues facing tax professionals, including combating tax scams, improving IRS services, and the future of tax preparation standards.
- (00:00) - Welcome to Federal Tax Updates
(00:39) - Coming to You Live From the Dallas IRS Tax Forum
(01:56) - Welcome Jeff Phillips to the Show
(16:57) - Welcome Melvin Hardy to the Show
(32:43) - Welcome Christine Freeland to the Show
(47:34) - Welcome Kelly Comegys to the Show
(55:44) - Welcome Alan Pinck to the Show
(01:06:37) - Welcome Nina Tross to the Show
(01:20:53) - Welcome Terry Lemmons to the Show
(01:33:27) - Thanks for Joining Us and Remember to Subscribe!

Thank you to all of our guests:
Jeff Phillips | Padgett | CEO
Melvin Hardy | IRS | Director, Office of National Public Liaison
Nina Tross | NSTP | Liaison for Tax & Advocacy
Terry Lemons | IRS | Chief, Communications & Liaison
Kelli Comegys | NAEA | Senior Director of Strategy & Membership
Christine Freeland | NSA | Senior Advisor
Alan Pinck | Tax Talk Today | Host
Get NASBA Approved CPE or IRS Approved CE
Launch the course on EarmarkCPE to get free CPE/CE for listening to this episode.
Connect with the Hosts on LinkedIn
https://www.linkedin.com/in/rogerharrispbs/
https://www.linkedin.com/in/annie-schwab-852418261/

Review
Leave a review on Apple Podcasts or Podchaser

Subscribe
Subscribe to the Federal Tax Updates podcast in your favorite podcast app!
This podcast is a production of the Earmark Media
The full transcript for this episode is available by clicking on the Transcript tab at the top of this page
All content from this podcast by SmallBizPros, Inc. DBA PADGETT BUSINESS SERVICES is intended for informational purposes only.
...more
1h 35min
August 26, 2024New Programs, Looming Deadlines, and Forum Insights
Roger Harris and Annie Schwab explore recent tax policy changes, including updates to voluntary disclosure programs and new IRS enforcement efforts. They discuss the ongoing challenges surrounding Beneficial Ownership Information reporting requirements and their potential impact on tax practitioners. The hosts also preview their upcoming live podcast recording at the IRS Tax Forum in Dallas, offering listeners a glimpse into this valuable industry event.
Sponsors
Padgett - Contact Padgett or Email Jeff Phillips
- (00:00) - Welcome to Federal Tax Updates
(02:19) - Current Political Climate in DC
(02:53) - Legislative Updates and Tax Relief
(08:49) - Digital Asset Reporting
(09:32) - Security Summit and WISP
(19:13) - Employer Retention Credit Updates
(28:08) - IRS Moratorium and Fraud Analysis
(31:39) - Penalties and Promoter Fines
(32:24) - ERC Business Resurgence
(35:12) - Beneficial Ownership Information Reporting
(37:40) - Challenges and Uncertainties in BOI Compliance
(46:54) - IRS Forums and Upcoming Events

Get NASBA Approved CPE or IRS Approved CE
Launch the course on EarmarkCPE to get free CPE/CE for listening to this episode.
Connect with the Hosts on LinkedIn
https://www.linkedin.com/in/rogerharrispbs/
https://www.linkedin.com/in/annie-schwab-852418261/

Review
Leave a review on Apple Podcasts or Podchaser

Subscribe
Subscribe to the Federal Tax Updates podcast in your favorite podcast app!
This podcast is a production of the Earmark Media
The full transcript for this episode is available by clicking on the Transcript tab at the top of this page
All content from this podcast by SmallBizPros, Inc. DBA PADGETT BUSINESS SERVICES is intended for informational purposes only.
...more
51min
July 29, 2024The ERC Landscape with Hale Sheppard
This podcast episode features tax controversy expert Hale Sheppard discussing the latest developments and challenges surrounding Employee Retention Credit (ERC) claims. Sheppard provides insights into IRS audit processes, potential penalties for ERC promoters, and the complexities of defending ERC claims. The conversation covers recent IRS announcements, proposed legislation, and the long-term implications for taxpayers and tax professionals.
Sponsors
Padgett - Contact Padgett or Email Jeff Phillips
- (00:00) - Welcome to Federal Tax Updates
(01:30) - Discussing the Employee Retention Credit (ERC)
(02:02) - Introducing Guest Expert Hale Shepard
(03:06) - IRS Updates on ERC Claims Processing
(06:09) - Challenges in Documentation and Audits
(11:59) - Protest Letters and Legal Considerations
(15:53) - Patterns and Trends in ERC Audits
(21:13) - Impact of Delays and New Business Models
(25:45) - Legal Authority and Future Implications
(31:20) - The American Rescue Plan and Its Implications
(32:17) - Legislation and ERC Claims Cutoff
(36:23) - Promoter Penalty Investigations
(45:29) - IRS Guidance and Retroactive Challenges
(49:36) - Future of ERC and Beneficial Ownership
(52:34) - Final Thoughts and Thanks for Listening

Get NASBA Approved CPE or IRS Approved CE
Launch the course on EarmarkCPE to get free CPE/CE for listening to this episode.
Connect with Hale Sheppard
https://www.linkedin.com/in/halesheppard
https://www.chamberlainlaw.com/people-hale_sheppard.html
Connect with the Hosts on LinkedIn
https://www.linkedin.com/in/rogerharrispbs/
https://www.linkedin.com/in/annie-schwab-852418261/

Review
Leave a review on Apple Podcasts or Podchaser

Subscribe
Subscribe to the Federal Tax Updates podcast in your favorite podcast app!
This podcast is a production of the Earmark Media
The full transcript for this episode is available by clicking on the Transcript tab at the top of this page
All content from this podcast by SmallBizPros, Inc. DBA PADGETT BUSINESS SERVICES is intended for informational purposes only.
...more
55min
July 15, 2024Solving the Staffing Crisis in Accounting Firms
In episode, Jeff Phillips, CEO of Padgett and founder of AccountingFly, joins Roger Harris and Annie Schwab to discuss the challenges of recruiting and retaining talent in the accounting industry. They explore innovative solutions including remote work, offshore talent, and domestic freelancers as part of a new "talent stack" for firms. The conversation covers practical strategies for attracting candidates, evaluating talent, and building effective remote teams, offering valuable advice for accounting firm owners struggling with staffing issues in today's competitive job market.
Sponsors
Padgett - Contact Padgett or Email Jeff Phillips
- (00:00) - Federal Tax Updates Episode 35
(02:19) - Introducing the Expert Guest: Jeff Phillips
(03:48) - Global and Industry-Specific Hiring Challenges
(06:02) - The Importance of Flexibility and Remote Work
(08:40) - The Value Proposition for Accounting Firms
(13:43) - Strategies for Effective Recruitment
(25:16) - Building a Modern Firm for the Future
(31:08) - Morning Routine for Business Success
(31:28) - The Pitfalls of Reactive Hiring & Effective Screening
(32:58) - The Importance of Selling to Top Candidates
(38:23) - Leveraging Offshore and Freelance Talent
(46:08) - Managing Remote Teams Effectively
(53:03) - The Future of Hiring in Accounting

Get NASBA Approved CPE or IRS Approved CE
Launch the course on EarmarkCPE to get free CPE/CE for listening to this episode.
Connect with Jeff Phillips
https://www.padgettadvisors.com/our-team
https://www.linkedin.com/in/jeffaccountingfly
Connect with the Hosts on LinkedIn
Roger Harris
Annie Schwab

Review
Leave a review on Apple Podcasts or Podchaser

Subscribe
Subscribe to the Federal Tax Updates podcast in your favorite podcast app!
This podcast is a production of the Earmark Media
The full transcript for this episode is available by clicking on the Transcript tab at the top of this page
All content from this podcast by SmallBizPros, Inc. DBA PADGETT BUSINESS SERVICES is intended for informational purposes only.
...more
58min
July 01, 2024What Small Businesses Need to Know about New Overtime Rules
This episode of the Federal Tax Updates Podcast explores recent changes in employment law that impact small businesses. Hosts Roger and Annie discuss new overtime rules, including updated salary thresholds for exempt employees, as well as guidelines for hiring family members and the benefits of doing so. They also cover recent developments in non-compete agreements and offer advice on protecting client relationships. Throughout the episode, the hosts emphasize the importance of accountants providing comprehensive advisory services to small business clients beyond just tax advice.
Sponsors
Padgett - Contact Padgett or Email Jeff Phillips
- (00:00) - Welcome to Federal Tax Updates
(01:49) - Small Business Issues Overview
(03:11) - Employment Concerns for Small Businesses
(05:59) - Fair Labor Standards Act (FLSA) Basics
(08:46) - State vs. Federal Minimum Wage
(12:41) - Overtime Rules and Exemptions
(29:24) - Salary Adjustments and Overtime Considerations
(29:58) - Impact of Political Changes on Labor Regulations
(30:23) - Understanding Exemptions: Administrative, Executive, and Professional
(31:18) - Outside Sales and Computer Employees Exemptions
(33:31) - Joint Employer Standards and Franchisee Concerns
(36:57) - Child Labor Laws and Hiring Your Own Children
(42:54) - Non-Compete Agreements and Employee Retention
(51:07) - Upcoming Podcast and Future Topics

Get NASBA Approved CPE or IRS Approved CE
Launch the course on EarmarkCPE to get free CPE/CE for listening to this episode.
Connect with the Hosts on LinkedIn
Roger Harris
Annie Schwab

Review
Leave a review on Apple Podcasts or Podchaser

Subscribe
Subscribe to the Federal Tax Updates podcast in your favorite podcast app!
This podcast is a production of the Earmark Media
The full transcript for this episode is available by clicking on the Transcript tab at the top of this page
All content from this podcast by SmallBizPros, Inc. DBA PADGETT BUSINESS SERVICES is intended for informational purposes only.
...more
54min
June 17, 2024Handling IRS Notices Like a Pro
In this episode, Roger and Annie dive into the world of IRS notices. They discuss the most common types of notices, like the CP2000 matching notice, and share strategies for responding effectively. They also highlight the benefits of setting up online accounts with the IRS for tax practitioners and taxpayers and provide tips for spotting potential IRS scams. Tune in for valuable insights on navigating IRS notices with confidence and clarity.
Sponsors
Padgett - Contact Padgett or Email Jeff Phillips
- (00:00) - Federal Tax Updates Episode 33
(01:11) - Introduction and Summer Plans
(02:07) - Understanding IRS Notices
(06:47) - CP2000 Notices Explained
(20:12) - Responding to IRS Notices
(27:09) - Strategies for Handling Tax Penalties
(28:55) - Importance of Timely Responses to IRS Notices
(30:59) - Mailing Issues and Certified Receipts
(33:01) - Setting Up and Using IRS Online Accounts
(40:09) - TaxPro Accounts and Future Enhancements
(43:11) - Scams and IRS Communication Guidelines
(45:28) - Summer Tax Planning Tips
(48:06) - Current Issues: ERC and Beneficial Ownership
(51:56) - Conclusion and Final Thoughts

Get NASBA Approved CPE or IRS Approved CE
Launch the course on EarmarkCPE to get free CPE/CE for listening to this episode.
Connect with the Hosts on LinkedIn
Roger Harris
Annie Schwab

Review
Leave a review on Apple Podcasts or Podchaser

Subscribe
Subscribe to the Federal Tax Updates podcast in your favorite podcast app!
This podcast is a production of the Earmark Media
The full transcript for this episode is available by clicking on the Transcript tab at the top of this page
All content from this podcast by SmallBizPros, Inc. DBA PADGETT BUSINESS SERVICES is intended for informational purposes only.
...more
54min
June 03, 2024Summer Strategies for Savvy Tax Professionals
In this episode, Roger and Annie discuss a variety of tax-related topics, including updates on the Beneficial Ownership Information (BOI) reporting requirements, and the Employee Retention Credit (ERC). They also cover issues with the postal service causing delays in tax payments reaching the IRS, the benefits of taxpayers and tax professionals setting up online accounts with the IRS, and recent changes to overtime pay thresholds and non-compete clauses. Additionally, they provide tips for tax professionals on what to focus on during the slower summer months, such as working on extension returns, analyzing technology and software, and planning CPE. They close by mentioning the upcoming IRS Tax Forums taking place in various cities across the US.
Sponsors
Padgett - Contact Padgett or Email Jeff Phillips
- (00:00) - Introduction and Welcome
(01:20) - Discussion on BOI (Beneficial Ownership Information)
(02:03) - Hearing Insights and Political Dynamics
(05:41) - Legal Challenges and Court Cases
(10:59) - Employee Retention Credit (ERC) Updates
(14:37) - Mail Issues and IRS Processing Delays
(21:18) - New FTC Rules on Non-Compete Clauses
(22:55) - Overtime Protections and Salary Thresholds
(25:01) - Impact of Elections on Business Regulations
(25:27) - Challenges for Small Business Owners
(26:32) - Survey Insights from Tax Season
(28:24) - IRS Online Services Improvements
(30:33) - Benefits of IRS Online Accounts
(36:31) - Summer Strategies for Tax Professionals
(40:12) - Planning for CPE and Technology Updates
(42:40) - Upcoming IRS Forums and Final Thoughts

Get NASBA Approved CPE or IRS Approved CE
Launch the course on EarmarkCPE to get free CPE/CE for listening to this episode.
Connect with the Hosts on LinkedIn
Roger Harris
Annie Schwab

Review
Leave a review on Apple Podcasts or Podchaser

Subscribe
Subscribe to the Federal Tax Updates podcast in your favorite podcast app!
This podcast is a production of the Earmark Media
The full transcript for this episode is available by clicking on the Transcript tab at the top of this page
All content from this podcast by SmallBizPros, Inc. DBA PADGETT BUSINESS SERVICES is intended for informational purposes only.
...more
47min
May 20, 2024 Roger Testifies to Congress About The Corporate Transparency Act
Roger testified April 30th, before the House Committee on Small Business. Roger was asked to speak on the small business perspective during a full committee hearing titled, "Under the Microscope: Examining FinCEN's Implementation of the Corporate Transparency Act."
Roger's goal in attending this hearing on behalf of Padgett's firm owners and small business clients was to help clarify the current issues with the implementation of the Beneficial Ownership Information (BOI) reporting requirement that was created under 2021's Corporate Transparency Act (CTA).
This bonus episode does not quality for CPE or IRS CE

Padgett - Contact Padgett or Email Jeff Phillips
Connect with the Hosts on LinkedIn
Roger Harris
Annie Schwab

Review
Leave a review on Apple Podcasts or Podchaser

Subscribe
Subscribe to the Federal Tax Updates podcast in your favorite podcast app!
This podcast is a production of the Earmark Media
The full transcript for this episode is available by clicking on the Transcript tab at the top of this page
All content from this podcast by SmallBizPros, Inc. DBA PADGETT BUSINESS SERVICES is intended for informational purposes only.
...more
1h 25min
May 06, 2024Tax Season Reflections
Roger and Annie review how the 2024 tax filing season went, discussing improvements in IRS customer service metrics but also lingering issues like postal delays. They cover key post-filing topics like evaluating firm performance, addressing remaining extensions and IRS notices, and navigating complex new requirements like beneficial ownership reporting. They also provide updates on the Employee Retention Credit program amidst ongoing fraud concerns and talk about preparing for future tax policy changes after the election.
Sponsors
Padgett - Contact Padgett or Email Jeff Phillips
- (00:00) - Welcome to Federal Tax Updates
(02:14) - Post-Tax Season Reflections: IRS Performance and Technological Improvements
(08:22) - Evaluating the Tax Season: Metrics and Client Feedback
(14:14) - Addressing Post-Tax Season Tasks and Planning Ahead
(23:11) - Navigating New Developments: Beneficial Ownership Reporting
(25:37) - Navigating the Complexities of Court Rulings and Association Memberships
(27:12) - Congressional Attention on Implementation Issues
(28:11) - Exploring the Details of Beneficial Ownership Reporting
(29:01) - Challenges and Legalities for Tax Practitioners
(32:59) - The Ongoing Struggle with ERC Claims Processing
(33:53) - Fraud Prevention and the Importance of Accurate Record-Keeping
(36:35) - Addressing the Surge in Fraudulent Claims and Ensuring Compliance
(40:10) - Legislative Updates and Future Tax Policy Discussions
(42:38) - Security Concerns and Protecting Client Data
(47:18) - Wrapping Up: Post-Tax Season Reflections and Looking Ahead

Get NASBA Approved CPE or IRS Approved CE
Launch the course on EarmarkCPE to get free CPE/CE for listening to this episode.
Connect with the Hosts on LinkedIn
Roger Harris
Annie Schwab

Review
Leave a review on Apple Podcasts or Podchaser

Subscribe
Subscribe to the Federal Tax Updates podcast in your favorite podcast app!
This podcast is a production of the Earmark Media
The full transcript for this episode is available by clicking on the Transcript tab at the top of this page
All content from this podcast by SmallBizPros, Inc. DBA PADGETT BUSINESS SERVICES is intended for informational purposes only.
...more
49min

FAQs about Federal Tax Updates:

How many episodes does Federal Tax Updates have?

The podcast currently has 44 episodes available.

More shows like Federal Tax Updates

Accounting Best Practices with Steve Bragg by Steve Bragg

Accounting Best Practices with Steve Bragg

249 Listeners

The Clark Howard Podcast by Clark Howard

The Clark Howard Podcast

5,256 Listeners

Rich Dad Radio Show: In-Your-Face Advice on Investing, Personal Finance, & Starting a Business by The Rich Dad Media Network

Rich Dad Radio Show: In-Your-Face Advice on Investing, Personal Finance, & Starting a Business

3,874 Listeners

Main Street Business by Mark J Kohler and Mat Sorensen

Main Street Business

562 Listeners

Tax Smart Real Estate Investors Podcast by Hall CPA

Tax Smart Real Estate Investors Podcast

397 Listeners

Talking Tax by Bloomberg Tax

Talking Tax

101 Listeners

Tax Notes Talk by Tax Notes

Tax Notes Talk

82 Listeners

The Accounting Podcast by Blake Oliver & David Leary

The Accounting Podcast

270 Listeners

Small Business Tax Savings Podcast by Mike Jesowshek, CPA

Small Business Tax Savings Podcast

234 Listeners

The Long View by Morningstar

The Long View

809 Listeners

The Unique CPA by Randy Crabtree, CPA

The Unique CPA

23 Listeners

Barron's Advisor by Barron's Advisor

Barron's Advisor

104 Listeners

Directed IRA Podcast by Mat Sorensen and Mark Kohler

Directed IRA Podcast

156 Listeners

Earmark Podcast | Earn Free Accounting CPE by Blake Oliver, CPA

Earmark Podcast | Earn Free Accounting CPE

21 Listeners

Tax Chats by Dyreng and Hoopes

Tax Chats

38 Listeners