Tax Season Kickoff

Kick off tax season with the Inflation Reduction Act of 2022, the Employee Retention Credit, K-2s and K-3s, the latest 1099s changes, and updates to tax brackets, standard deductions, and mileage rates. Join Roger and Annie for this premier episode of Federal Tax Updates!

Padgett -  Contact Padgett or Email Jeff Phillips

Get NASBA Approved CPE or IRS Approved CE
Launch the course on EarmarkCPE to get free CPE/CE for listening to this episode.

Links mentioned in this episode
Accounting Today - The Year Ahead: Top challenges for 2023

  • (00:00) - FedTax Episode 1
  • (00:52) - Introducing your hosts: Annie and Roger
  • (01:55) - Opportunities and challenges for the upcoming tax season
  • (03:09) - Inflation Reduction Act of 2022
  • (07:32) - Changes in tax brackets
  • (08:26) - Updates on Standard Deduction
  • (09:07) - Mileage rate changes for 2023
  • (12:23) - Employee Retention Credit opportunity still exists
  • (21:31) - How COVID impacts the nexus state tax implications
  • (22:10) - Talent issues within the accounting industry
  • (24:26) - Emergence of "Quiet Quitting"
  • (26:43) - Challenges in reporting K-2's and K-3's
  • (31:20) - The problems that arise when reporting cryptocurrency
  • (33:31) - Roger's thoughts on recent 1099 events
  • (42:48) - Omnibus spending package

Follow the Federal Tax Updates Podcast on Social Media

Connect with the Hosts on LinkedIn
Roger Harris
Annie Schwab

Connect with Padgett

Leave a review on Apple Podcasts or Podchaser

Subscribe to the Federal Tax Updates podcast in your favorite podcast app!

This podcast is a production of the Earmark Media

The full transcript for this episode is available by clicking on the Transcript tab at the top of this page

All content from this podcast by SmallBizPros, Inc. DBA PADGETT BUSINESS SERVICES is intended for informational purposes only.

Creators and Guests

Annie Schwab, CPA
Annie Schwab, CPA
Franchisee Operations Manager at Padgett Business Services
Roger Harris, EA
Roger Harris, EA
President at Padgett Business Services
Tax Season Kickoff
Broadcast by