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Government must always be viewed with considerable mistrust.

As always, I thank Cherry Bekaert for these videos.

Thanks for the presentation.

Appreciated

And thank you so much for sharing this and putting CECL in plain English ❤

Hi I have a question about the recovery? The previous slide said that recoveries are a Dr. Cash Cr. Income but on the rollfoward, how does the "write offs, net of recoveries work? JE for Writes offs is Dr. ACL Cr. Loan receivable. I've been struggling with recoveries under CECL. I'm reading in the ASC example that recovery payments are direct recorded to Allowance for Credit?

How to calculate 2020's interest $9,963?

☺️ Promo-SM

We did the program but have NO IDEA how to submit the payments through EFTPS - they show absolutely no way to make the payments, and we spent 6 hours on the phone with them and the IRS. Has anyone been sucessfully able to make payments and if so, do you know how?

32:03 $25k for new software, what if thr peoject is complete but only spend $20k. Dose the NFO needs to return the $5k?

FORBESMONEYTAXES Employee Retention Credit Schemes Are Symptoms Of A Dysfunctional Tax System Peter J Reilly Jun 1, 2023,03:02pm EDT Lance Wallach

Thanks

Incredibly helpful and concise. Ty!

Amazing stuff here!

😬 'Promo sm'

very helpful, thanks for sharing!

If you give us all the chapters of cpa,cfa,economics, quantitative math. Chapter wise study and real life works then we definitely follow your channel and support you a properly way..... Well choices are your.

जय श्री कृष्ण

Nice

Great content guys. Please put these webinars more often... Andrew was superb in articulating the things ❤

Very clear explanations of the key concepts and the framework. Thank you.

Great job, guys! Very informative webinar!

Those two examples he used for supply chain disruption won’t hold in court . Lol

Thanks GASB. Thousands upon thousands of small government entities are now entrapped in this madness. I remember when GASB was born. We now know it is the spawn of satan.

"Promo SM" 💥

She doesn't articulate herself very well, he's not very believeable either, the whole interview comes across as completely staged

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After meeting with the IRS comish and some IRS Dept. heads I learned some interesting information about upcoming audits. The Employee Retention Credit is a priority enforcement topic for the IRS. Like other priority enforcement topics, such as micro-captives and conservation easements, the IRS issued a stern warning “to be wary of third parties who are advising employers to claim” the ERC “when they may not qualify.” It is more important than ever for employers to revisit their ERC positions. I have received hundreds of calls from taxpayers and accountants about audits. Do something now: Do not wait.

The Internal Revenue Service issued a renewed warning urging people to carefully review the Employee Retention Credit (ERC) guidelines before trying to claim the credit as promoters continue pushing ineligible people to file. The IRS continues to see third parties aggressively promoting these ERC schemes on radio and online. These promoters charge large upfront fees or a fee that is contingent on the amount of the refund. And the promoters may not inform taxpayers that wage deductions claimed on the business' federal income tax return must be reduced by the amount of the credit. "While this is a legitimate credit that has provided a financial lifeline to millions of businesses, there continue to be promoters who aggressively mislead people and businesses into thinking they can claim these credits. Anyone who is considering claiming this credit needs to carefully review the guidelines. If the tax professional they're using raises questions about the accuracy of the Employee Retention Credit claim, people should listen to their advice. The IRS is actively auditing and conducting criminal investigations related to these false claims. People need to think twice before claiming this." The IRS has been warning about this scheme since last fall, but there continue to be attempts to claim the ERC during the 2023 tax filing season. Tax professionals note they continue to be pressured by people wanting to claim credits improperly. People and businesses can avoid this scheme, and by not filing improper claims in the first place. If the business filed an income tax return deducting qualified wages before it filed an employment tax return claiming the credit, the business should file an amended income tax return to correct any overstated wage deduction. Businesses should be cautious of advertised schemes and direct solicitations promising tax savings that are too good to be true. Taxpayers are always responsible for the information reported on their tax returns. Improperly claiming the ERC could result in taxpayers being required to repay the credit along with penalties and interest. The ERC is on the IRS Dirty Dozen list and based on my discussions with IRS personal they are starting to audit businesses that claimed the deductions. Do something now before it is too late.

Tony, is the first time you looked over this slide presentation? You seem to be all over the place while trying to explain a simple chart.

[USERNAME] 🚀!

A question: For a software company, where virtually all costs are involved in software development and the wages paid to engineers, how is it possible for them to amortize those costs? It would involve paying taxes on money that they no longer have, since they paid that money in the form of salary to their engineers.

This is one of the best videos I’ve seen on tax exemptions. Thank you so much for being high level so that we could receive more content. Much appreciated.

is it possible to get a copy of this presentation?

Great video, I have a question about using foreign mandates for qualifying regarding supply chain disruptions and issues for businesses. My understanding is that for a governmental restriction to qualify is that it has to be a US mandate. Can you clarify? Thanks!

Title II of the ADA, and FULL compliance is required to obtain federal grants, or False Claims Act Lawsuits!

Great video. I'm in KS and just trying to figure this PTET all out as I just heard about this two days ago and CPAs are lost as well. I haven't paid for 2022 yet so I presume it'll be a 2023 federal deduction. Any steps on KS process?

how about the tax penalties after you amend your corporate and personal taxes?

Colonna shipyard man , tell me about this company

Would be much easier to follow if used diagrams or moving parts instead of reading off from the excel table. Thanks for presentation

Very helpful info

Thank You for Letting us Know

How do you calculate the interest value from amortization table?

👍 ᵖʳᵒᵐᵒˢᵐ

How much do you charge?

Do you cover non profits and private schools?

So proud of this country for having such an effective institution as Congress. Here I was thinking a world without small business was just a pipe dream, that I would never see federal law govern everything and that corporatism could never be the only realistic option for successful business. What great progress! Keep it up, Congress. We're not that far behind China after all! So comforting. kill me.

thanks for the video

Are you guys going to post a link to workflow? Maybe a quick download off your site?