Roger Russell

3 days ago | financial-planning.com | Roger Russell

The reconciliation bill passed by the House on May 22 is currently being considered by the Senate and will likely undergo changes before approval by the upper chamber. To what extent the changes will create stumbling blocks before a final bill is produced and voted on is uncertain, with the increased SALT deduction, Medicaid reforms and repeal of certain Inflation Reduction Act credits on the line.

4 days ago | accountingtoday.com | Roger Russell

The reconciliation bill passed by the House on May 22 is currently being considered by the Senate, and will likely undergo changes before approval by the upper chamber. To what extent the changes will create stumbling blocks before a final bill is produced and voted on is uncertain, with the increased SALT deduction, Medicaid reforms, and repeal of certain Inflation Reduction Act credits on the line.

3 weeks ago | accountingtoday.com | Roger Russell

Clients who decide to make a "fresh start" after April 15 and launch their own business venture may seek guidance from their tax professional regarding the form or business structure they should choose. The tax pro's response should be simple enough to be understandable without confusing the issues, and comprehensive enough to include potential snags or traps for the unwary.

1 month ago | accountingtoday.com | Roger Russell

The "big beautiful bill" touted by President Trump is getting closer, though the timeline remains imprecise. "There's been some public reporting on tougher questions of spending cuts, but the difference between the tax bill this year and the Tax Cuts and Jobs Act in 2017 is that the inclusion of a lot of spending cuts in the same bill makes it more challenging this year.

1 month ago | accountingtoday.com | Roger Russell

The 2025 filing season has been completed quietly, despite trepidation regarding the Internal Revenue Service's ability to function effectively in the face of cuts in funding and staff. "It's been pretty smooth," according to Roger Harris, president of Padgett Business Services. "A very typical season. Of course, the last four or five days are always a challenge when all the procrastinators come in.