May 05, 2025

Tax Season Aftermath

53 minutes

Roger and Annie discuss important tax updates that occurred during the busy tax season, including new IRS guidance on Employee Retention Credits and the current status of Beneficial Ownership Information reporting requirements. They explore the significant staffing challenges and leadership turnover at the IRS, with insights from Roger's recent visit to Washington DC. The hosts then shift focus to post-tax season priorities for practitioners, offering advice on evaluating software, optimizing client relationships, and implementing strategies to improve profitability and efficiency for the next filing season.

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(00:00) - Welcome Back to Federal Tax Updates

(01:46) - Post-Tax Season Reflections

(03:02) - Employee Retention Credit Updates

(12:04) - Beneficial Ownership Information Reporting

(18:43) - Current Legislative Landscape in DC

(25:22) - IRS Staffing and Morale Issues

(31:25) - Challenges Facing the IRS

(37:15) - Post-Tax Season Business Strategies

(41:56) - Client Management and Pricing Strategies

(46:59) - Maximizing Client Relationships and Billing Opportunities

(50:55) - Preparing for the Next Tax Season

(52:34) - Summer Plans and Final Thoughts

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Connect with the Roger and Annie on LinkedIn
https://www.linkedin.com/in/rogerharrispbs/
https://www.linkedin.com/in/annie-schwab-852418261/

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