AT Think

Ask the average business owner if they have a tax shelter and they’d probably have a chuckle while wistfully thinking about how nice it would be to swim in crystal clear waters while their offshore bank accounts grew, unencumbered by state and federal taxes.

As I write this, things are going from bad to worse with the COVID-19 crisis. With the high level of anxiety that comes with a stressful situation, and the equally high level of uncertainty, it’s easy to get distracted. But the fact is that most of us are now working from home, and while this is unfamiliar to many, that isn’t necessarily a bad thing, even though the circumstances that necessitate it are frightening.

During these unprecedented times, here are some tips for navigating your team through one of the most tumultuous tax seasons it has ever seen.

The time for decisive action is now. Companies that operate well through this downturn may be able to leapfrog competitors.

A better audit isn’t measured by the number of forms completed.

Making the switch to an entirely new model.

Blockchain explorers share their real-life experiences.

CARES examined; IRS challenges; the months ahead; and other highlights from our favorite tax bloggers.

Throughout most of its decades-long history, research credit audits have exposed areas of misunderstanding and, in many circumstances, led to major disagreements with the IRS.

Having your staff work from home is about much more than making sure their technology works.