January 17, 2023

Tax Season Kickoff

47 minutes

Kick off tax season with the Inflation Reduction Act of 2022, the Employee Retention Credit, K-2s and K-3s, the latest 1099s changes, and updates to tax brackets, standard deductions, and mileage rates. Join Roger and Annie for this premier episode of Federal Tax Updates!

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Padgett - Contact Padgett or Email Jeff Phillips

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Links mentioned in this episode
Accounting Today - The Year Ahead: Top challenges for 2023

Chapters

(00:00) - FedTax Episode 1

(00:36) - Introducing your hosts: Annie and Roger

(01:39) - Opportunities and challenges for the upcoming tax season

(02:53) - Inflation Reduction Act of 2022

(07:16) - Changes in tax brackets

(08:10) - Updates on Standard Deduction

(08:51) - Mileage rate changes for 2023

(12:07) - Employee Retention Credit opportunity still exists

(21:15) - How COVID impacts the nexus state tax implications

(21:54) - Talent issues within the accounting industry

(24:14) - Emergence of "Quiet Quitting"

(26:31) - Challenges in reporting K-2's and K-3's

(31:08) - The problems that arise when reporting cryptocurrency

(33:19) - Roger's thoughts on recent 1099 events

(42:36) - Omnibus spending package

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Connect with the Hosts on LinkedIn
Roger Harris
Annie Schwab

Connect with Padgett
www.padgettadvisors.com
twitter.com/PadgettUSA
linkedin.com/company/padgett-business-services/

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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

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By Roger Harris, EA and Annie Schwab, CPA

4.9

3232 ratings