Aaron Wright

Nov 20, 2024 | dig-in.com | Aaron Wright

The insurance industry is at a pivotal moment as it grapples with technological transformation, regulatory pressures, and the promise of artificial intelligence. Earnix's 2024 Industry Trends Report surveying over 400 global insurance executives reveals both ambitious plans for innovation and concerning gaps in implementation that could reshape competitive dynamics in the years ahead.

Jun 27, 2024 | bdo.com | Aaron Wright

Effective for tax years ended on December 31, 2023, Arizona will permit taxpayers to compute the Credit for Increased Research Activities using either the regular method or the alternative simplified credit method. This change provides taxpayers with two methods to compute the credit, offering greater flexibility and potentially a significantly superior benefit to taxpayers than in prior tax years. What is the Arizona Credit for Increased Research Activities?

May 7, 2024 | bdo.com | Aaron Wright

To combat a wave of frivolous employee retention credit (ERC) claims, the IRS has sharply increased compliance action through audits and criminal investigations, with more activity planned in the future. In this heightened enforcement environment, employers are advised to act swiftly when responding to IRS notices regarding ERC claims.

Feb 15, 2024 | propertycasualty360.com | Aaron Wright

We’ve seen a significant price-hardening cycle over the past couple of years. That may not end instantaneously, but Arron Wright of Earnix believes we’ve seen the end of the cycle’s first phase. Credit: Diki / AdobeStockA lot of industry professionals ask, “What’s changing in the insurance world?” The better question might be, “What’s not?”These last few years have been a wild ride for insurers, with disruption coming from almost every angle, from a global pandemic to a global recession.

Oct 27, 2023 | bdo.com | Paul Cheung |Joan Vines |Aaron Wright

The IRS announced on October 19 the details of a special withdrawal process to help employers who filed an employee retention credit (ERC) claim and are now concerned about its accuracy in light of the IRS’s broader program warning about invalid claims. Who can ask to withdraw an ERC claim? Employers can use the ERC claim withdrawal process if all of the following apply:They made the claim on an adjusted employment return (Forms 941-X, 943-X, 944-X, CT-1X).