The IRS Warns Taxpayers of Companies Claiming to Be Employee Retention Credit Experts

IRS Commissioner, Doug O'Donnell, said in a recent interview about ERC, "Anyone who is considering claiming this credit needs to carefully review the guidelines. If the tax professional they’re using raises questions about the accuracy of the Employee Retention Credit claim, people should listen to their advice. The IRS is actively auditing and conducting criminal investigations related to these false claims. People need to think twice before claiming this."

We Are Not Your Typical Executive Search Firm

Clark Schaefer Executive Search (CSES) is a leading executive search firm specializing in C-suite executive placements in a variety of industries. CSES plays a crucial role in helping organizations find and hire top-level talent for key leadership positions for long-term success. Through its expertise in executive search and assessment, CSES has a strong reputation for identifying and recruiting top candidates who possess the skills, experience, and leadership qualities needed to drive business success.

 FASB Recently Approved Amendments to the ASC 842 Lease Accounting Standard 

Following a recent board meeting, the Financial Accounting Standards Board (FASB) leaders unanimously agreed to affirm their decision on an issue involving common control leasing arrangements as part of the ASC 842 lease accounting standard. Read more in this article by CSH lease accounting expert, David Coomer.

How Has Inflation Impacted 2023 Cost-of-Living Adjustments?

With inflation up significantly this year, many COLA amounts increased considerably over 2022 amounts. Learn more in our comprehensive article.

These Key Tax Areas Could Be Ripe for Action 

With Republicans now in control of the U.S. House of Representatives, what’s the fate of prospective tax legislation in 2023? In this article we cover the risk to retirement catch-ups, expiring and expired tax provisions, and other changes potentially on the tax horizon.

Filing Requirements for Partners and Shareholders of Pass-Through Entities

Recent instructions for filing Schedules K-2 and K-3 include a Domestic Filing Exception (DFE) that is meant to identify businesses that may be exempt from filing these schedules.

Are you struggling to determine whether your company is correctly adhering to the Affordable Care Act (ACA) reporting requirements? Each employee you fail to report accurately could result in crippling fines, ranging from hundreds to millions of dollars.

Are you struggling to determine whether your company is correctly adhering to the Affordable Care Act (ACA) reporting requirements? Each employee you fail to report accurately could result in crippling fines, ranging from hundreds to millions of dollars.

Year-End Spending Package Tackles Retirement Planning and Conservation Easements

Mark H. Gaudet, CPA, CFP®, CAP®

Just before the end of 2022, (Dec. 22, 2022), Congress passed the Consolidated Appropriations Act of 2023. The sprawling year-end spending “omnibus” package includes two important new laws that could affect your financial planning: the Setting Every Community Up for Retirement Enhancement (SECURE) 2.0 Act (also known as SECURE 2.0) and the Conservation Easement Program Integrity Act.

Take stock of your business' tax situation before year-end

Regardless of how your company has fared so far in 2022, there’s still time to engage in efforts that may reduce your federal tax liability. Read our article by tax expert, Zach Gubser, to learn more about strategies worth your consideration.