Incentives will bring new opportunities.
By Julio Gonzales
The Rosenberg MAP Study
The current tax changes from the Inflation Reduction Act include 87,000 IRS hires to bolster tax return audits for small business.
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I believe the additional IRS agents will create significant pressure on accounting firms to increase staff and costs associated with client audits. This will create pressures to take advantage of tax credits and incentives, but firms must do this with third-party providers with impeccable reputations.
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