Biden Signs the Inflation Reduction Act of 2022
Written by Drew Nicol, CPA On August 16, 2022, President Biden signed the Inflation Reduction Act of 2022 (the Act) into law. This $740 billion…
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Aug 24, 2022
News
Tag: audit
Aug 10, 2022
Inflation Reduction Act of 2022
By Dalton Bradshaw, CPA On July 27, 2022, Senate Majority Leader Charles Schumer and Senator Joe Manchin struck a deal to revive a Democratic reconciliation…
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Jul 27, 2022
IRS Dirty Dozen List and Other Audit Triggers
Earlier this year, the IRS released its 2022 Dirty Dozen, the top twelve scams or potentially abusive transactions that could trigger an audit. This list…
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Mar 23, 2022
If You Require an EBP Audit, Changes Are Coming
If your company’s employee benefit plan (EBP) is required to have an annual audit performed under ERISA, particularly if you have a limited scope audit,…
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Nov 03, 2021
Are You Taxed As a Partnership? Matters for You to Consider
For our clients and friends operating as business entities taxed as partnerships, we want to bring a few matters for your attention, including: IRS launches…
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Oct 05, 2021
IRS Program for Auditing Large Partnerships to Begin Soon
Last month the IRS released a revised Publication 5319, the Large Business and International (LB&I) Focus Guide for fiscal year 2022. In recent editions of…
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Sep 22, 2021
The Importance of Retaining Tax Records
By: Cooper Melvin, J.D. We discussed in a recent Beyond the Bottom Line that the Biden administration’s tax plans include significant funding increases for the…
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Aug 25, 2021
Expectation of Increasing IRS Audits in the Future
Our experience at BMSS over the last three to four years is that we have seen fewer examinations of taxpayers than we did in the…
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Sep 11, 2018
EBP Audits – Does Your Plan Require an Audit? If So, How Can You Prepare?
Written by Ashley Caldwell, CPA A retirement plan is a great benefit to provide for your employees in a world where there is much uncertainty…
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Jul 15, 2016
The New IRS Partnership Audit Rules – Significant Changes on the Horizon Require Attention
Written by Steven N. Smith, CPA, JD The Bipartisan Budget Act of 2015, enacted on November 2, 2015, includes significant changes in IRS rules…
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