IRS Warns Taxpayers of New ‘Cardboard Envelope’ Scam
The Internal Revenue Service warned taxpayers earlier this week to be on the lookout for a new scam mailing that tries to mislead people into believing they are owed a refund. The new scheme involves a mailing coming in a … Read more…
Oregon’s Business Alternative Income Tax for Pass-Through Entities
In July 2021, Oregon established an elective Pass-Through Entity Tax (PTE-E), a business alternative income tax in response to the $10,000 cap on the federal State and Local Tax (SALT) deduction added in the 2017 federal Tax Cuts and Jobs … Read more…
IRS guidance coming regarding the IRA’s Clean Vehicle Credit
The Inflation Reduction Act (IRA) extended and expanded the Section 30D Clean Vehicle (CV) Credit, previously known as the Electric Vehicle (EV) Credit. The credit now covers “clean vehicles,” which include plug-in hybrids, hydrogen fuel cell cars and EVs. On April 17, 2023, the … Read more…
President Biden’s proposed budget includes notable tax provisions
President Biden has released his proposed budget for the federal government for the 2024 fiscal year. The budget, which aims to cut the deficit by nearly $3 trillion over 10 years, includes numerous provisions that would affect the tax bills … Read more…
Watch the Replay of our Healthcare Webinar: “2023 Reimbursement Reality”
The pandemic propelled many changes for medical practices, but few anticipated the massive challenges to the revenue cycle that are our reality today. Staffing shortages have strained internal business processes for many, compounded by an uptick in claim denials. There’s no relief from … Read more…
Healthcare Webinar: “Year-End Planning Strategies & Takeaways for Healthcare Practices”
The Jones & Roth Healthcare Team presents our year-end planning online webinar. Healthcare CPAs Brian Newton and Jordan Dawley share key strategies and takeaways for healthcare practices. In this presentation, we cover: The Jones & Roth Healthcare Webinar series is … Read more…
Employee Retention Credit Scam Alert
On October 19, 2022, the IRS issued a press release (IR-2022-183) regarding the Employee Retention Credit (ERC). It warned employers to watch out for third parties advising them to claim the ERC, when they may not actually qualify for the … Read more…
Inflation Reduction Act expands deductions for energy-efficient construction
Mitigating the adverse effects of climate change is one of the primary targets of the recently enacted Inflation Reduction Act (IRA). To that end, the legislation is packed with tax incentives, including the significant expansion and extension of two tax … Read more…
Clean Vehicle Credit comes with caveats
The Inflation Reduction Act (IRA) includes a wide range of tax incentives aimed at combating the dire effects of climate change. One of the provisions receiving considerable attention from consumers is the expansion of the Qualified Plug-in Electric Drive Motor … Read more…
The Inflation Reduction Act includes wide-ranging tax provisions
The U.S. Senate and House of Representatives have passed the Inflation Reduction Act (IRA). President Biden is expected to sign the bill into law shortly. The IRA includes significant provisions related to climate change, health care, and, of course, taxes. … Read more…
