The Tax Professionals Blog

Status of Pending Tax Legislation

Posted by Lee Reams Sr., BSME, EA on

This article examines the current status of specific legislation amidst Congress's bipartisan struggles.

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Highlights of Internal Revenue Bulletin 2024-23 - 6/3/2024

Posted by Lee Reams Sr., BSME, EA on

Rev. Proc. 2024-23 updates the List of Automatic Procedures for taxpayer-initiated accounting method changes, aligning with Treasury and IRS guidance.

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Highlights of the Internal Revenue Bulletin 2024-22

Posted by Lee Reams Sr., BSME, EA on

The IRB recently announced new IRS rulings. Highlights include: HSA inflation adjustments, clean vehicle credit rules, GST tax extensions, and updates on obsolete exempt organization procedures.

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The Key Points of Biden's Tax Agenda

Posted by Lee Reams Sr., BSME, EA on

President Biden released the highlights of his tax agenda for the next fiscal year during his State of the Union address before Congress on March 7, 2024, seeking higher levies on large businesses, investors, and the ultra-rich.

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The ClientWhys, Inc. name is changing.

Posted by Lee Reams II on

We are excited to share the news that our parent company name has changed from ClientWhys, Inc. to CountingWorks, Inc. This move is not a change in control, but a strategic and marketing decision as we continue to grow our suite of services geared for tax and accounting professionals.

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