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Obvious Figure of the Day: 95% of Hiring Managers Are Having Trouble Finding Finance and Accounting Talent

Going Concern

That’s the percentage of hiring managers in finance and accounting having trouble finding skilled talent according to recent Robert Half research. For example, according to data from the BLS, the unemployment rate for accountants and auditors is 0.9%, and for financial clerks, it’s just 0.3%.

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Renewable energy tax credits: Geothermal, solar, biomass, wind power, and more

ThomsonReuters

For accountants, understanding renewable energy tax credits and how they relate to individuals and businesses is essential in helping clients maximize their tax benefits. Let’s take a look at how these tax incentives encourage the adoption of clean energy practices and how accountants can support their clients in making this shift.

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What to Know about Tax Savings in the Inflation Reduction Act

CPA Practice

CPAs, tax professionals and finance and accounting teams need to take stock of all that is in the legislation because it may make a significant difference in tax savings for clients if they are eligible homeowners and businesses.

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SECURE 2.0 Act Provisions Enacted as Part of Year-End Appropriations Legislation

ThomsonReuters

The age used to determine when required minimum distributions (RMDs) begin increases from 72 to 73 beginning January 1, 2023 (for individuals who attain age 72 after December 31, 2022, and age 73 before January 1, 2033), and to 75 beginning January 1, 2033 (for individuals who attain age 74 after December 31, 2032). Roth Accounts.

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Understanding energy efficient tax credits

ThomsonReuters

Because tax credits are available for a wide variety of energy efficient upgrades, accountants play a pivotal role in guiding clients through claiming these tax credits, ensuring compliance with eligibility criteria, and meeting documentation requirements.

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2022 Year-End Tax Planning Checklist

Withum

Consider increasing the amount you set aside for next year in your employer’s health flexible spending account (FSA). Tax-Advantaged Accounts. It may make sense to convert all or part of your eligible retirement accounts (e.g., Geography, such as distressed zones, enterprise zones, or tax-increment finance districts.