Concerned about your 2023 tax liability? Here are a few tax planning strategies that can have a positive impact on reducing your tax burden for this year.
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IRS provides transitional relief for RMDs and inherited IRAs
Due to legislation affecting the age taxpayers must start taking required minimum distributions (RMDs) from retirement funds, the IRS has offered transitional relief.
IRS warns businesses about ERC scams
IRS continues to warn businesses to beware of ERC scams, despite the claims you may hear on the tv, in the mail, phone or email.
Virtual currency lands in the IRS’s crosshairs
If you do business with virtual currency, it’s time to bone up on related tax requirements. The IRS is paying closer attention.
What’s in the Fiscal Responsibility Act?
President Biden signed the Fiscal Responsibility Act of 2023 into law on Saturday, with a financial crisis averted, let’s take a look at the highlights.
ERC Update 2023: There’s Still Time to Apply for ERC
Amid IRS warnings to taxpayers not to fall for schemes, employers may still qualify for the employee retention credit and have time to file their Form 941X.
IRS releases $80 Billion spending plan—And what it means for taxpayers
The IRS unveils its strategic operating plan detailing how the agency will spend the $80 billion in agency funding it was allocated over 10 years.
Accounting Today 2023 Regional Leader
Wardy & Davis has been recognized as one of Accounting Today’s 2023 Regional Leaders in the Great lakes for the seventh consecutive year.
American Innovation and Jobs Act Aims to Repeal Section 174 Amortization Requirements and Expand R&D Tax Credit
On March 17, 2023, Sens. Maggie Hassan (D-NH) and Todd Young (R-IN) reintroduced the American Innovation and Jobs Act (“The Act”) to expand R&D tax credit.








