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Tax Advisor Weekly – April 11, 2025

This week, we start with analysis on the $4.5 trillion cost of extending the 2017 Tax Cuts and Jobs Act with discussion on its net economic impact, we have a piece revealing insights about pre-retirees showing mixed financial confidence but positive overall sentiment towards retirement years, and news regarding the offered "second and final" opportunity to accept buyout offers through April 14 for IRS employees. Additionally, we cover growing concerns about donor-advised funds primarily benefiting other DAFs rather than charities. Lastly, an update regarding a crucial Fifth Circuit case emphasizing the importance of clearly defined business components when claiming research tax credits.

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Tax Advisor Weekly – April 4, 2025

In this week's newsletter, we highlight guidance on navigating property tax scenarios during business mergers and expansions, the importance of C-suite awareness regarding transfer pricing implications, and the latest on BOI reporting requirements for foreign companies despite the temporary elimination for domestic entities. We also cover the IRS Criminal Investigation unit's enhanced use of banking data in financial crime detection, and a proposed 5 percent payroll tax in Washington state that could significantly impact businesses.

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Tax Advisor Weekly – March 28, 2025

This edition of the Tax Advisor Weekly highlights strategic choices of independent accounting firms to remain independent, an article on growing concerns about the expiring Tax Cuts and Jobs Act provisions, and the Tax Foundation's comprehensive state tax comparison resource. Additionally, we have news on the new auto tariff announcements and the IRS's latest guidance on the Employee Retention Credit as time runs out for pandemic-era claims.

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Tax advisor weekly news

Tax Advisor Weekly – March 21, 2025

This edition of the Tax Advisor Weekly highlights IRS employee reinstatements, the AICPA’s 2025 tax priorities, CPA firm succession planning, and state road tax funding.

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Tax Advisor Weekly – March 14, 2025

This edition of the Tax Advisor Weekly highlights the Treasury’s decision to halt BOI penalties, the impact of tariffs on costs, a 2025 property tax guide, and the AICPA’s take on the IRS. Plus, common tax return mistakes to avoid.

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Tax document collection

The Hidden Costs of Manual Tax Document Collection—And How to Fix It

Learn about the hidden costs of manual tax document collection and how tax firms can adopt digital tools designed to streamline document collection while maintaining efficiency.

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Latest news for tax advisors

Tax Advisor Weekly News March 7, 2025

This week’s Tax Advisor news roundup highlights a Senate-backed remote work strategy, FinCEN’s BOI reporting extension, and the IRS’s 2025 'Dirty Dozen' tax scams. Stay informed on the latest industry updates.

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Tax Advisor News

Tax Advisor Weekly News February 28, 2025

Stay informed with this week’s Tax Advisor news roundup. Get insights on state income tax changes, 1099-K reporting updates, technology spending trends, online security risks, and potential TCJA extensions. Read more to stay ahead in the tax world.

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Michael Paley and Sami Sharif of Klingman and Associates presenting at the 2024 Harness Tax Advisor Forum in New York City

Q&A: How Tax Practices Can Work with Wealth Managers to Grow Client Relationships

We spoke with Michael Paley, Chief Operating Officer of Klingman & Associates, for a Q&A on how tax advisors can collaborate with wealth managers to better serve clients.

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How Tax Practices Can Stand Out in the Harness Marketplace to Attract New Tax Clients

In this guide, we show how tax practices can position their advisors in the Harness Marketplace to successfully attract new clients.

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