Building a tax business Archives

Talent Acquisition in the Tax Industry: Addressing the Ongoing Shortage

Explore the causes of the U.S. tax talent shortage, effective acquisition strategies, and how platforms like Harness can help firms bridge the gap.

U.S. State Tax Changes: Adapting Your Tax Practice to New Regulations [Updated for 2025]

The key 2025 state tax changes. Understand rate cuts, flat tax transitions, business tax updates – how to adapt your practice.

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Tax Advisor Weekly – May 9, 2025

This week, we examine analyses on SALT deductions, TCJA provisions, HSA contribution limits, and more

Tax Practice Succession Planning: A Strategic Guide

Expert guidance on tax practice succession planning: internal transfers, external sales, technology modernization, and timing your smooth exit.

Preparing for the TCJA Sunset: What Tax Advisors Need to Know

Understand the TCJA sunset and its impact on clients. Explore the key tax changes and planning strategies for 2026.

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Tax Advisor Weekly – May 2, 2025

This week: Most Americans fear outliving their money more than death, estate planning tips for business founders, Trump floats using tariffs to cut taxes, key Roth IRA conversion factors, and an IRS reminder to check your withholdings post-Tax Day.

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LLC vs. S Corp vs. LLP: The Best Business Structure for New and Small Tax Firms

Choosing the right entity structure—LLC, S Corp, or LLP—can protect your tax firm, reduce taxes, and support growth. Learn which is best for your tax practice.

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Tax Advisor Weekly – April 25, 2025

Congratulations to all tax practitioners on successfully navigating another challenging spring season—your dedication and expertise continue to be the backbone of our tax system. Enjoy the post-tax season breathing room!

Tax Advisor Weekly – April 18, 2025

This week, we cover Rep. Jeff Van Drew’s proposal to raise the SALT cap to $30,000, AICPA’s support for uniform nonresident state tax rules (excluding athletes and entertainers), and their push to simplify GST exemption regulations. We also highlight a report showing that financial illiteracy cost Americans $243 billion in 2024, as well as news that President Trump has blocked a 2026 IRS crypto reporting rule.

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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.