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INDUSTRY INSIGHTS

Accounting and Tax Industry Insights from the Tax Resolution Experts at Protection Plus.

Your trusted resource for actionable insights on tax issues, tax news, audit trends, and more.

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Boost Your Tax Return with Residential Energy Credits

Thinking about making your home more energy-efficient? In this article, we’ll explore IRS tax credits that help offset the cost of upgrades, saving you money on taxes and energy bills. From solar panels to improved insulation, programs like the Residential Clean Energy Credit and Energy Efficient Home Improvement Credit offer savings. Learn how to maximize these benefits!

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IRS Launches Strategic Plan to Audit Wealthy Individuals and Major Businesses (2024)

In this article, we explore how the IRS, under its Strategic Operating Plan, is ramping up audits for complex tax filings and noncompliance to close tax gaps. Key actions include using AI to target partnerships, collecting taxes directly from these entities, and implementing stricter measures on estate planning strategies that allow tax-free wealth transfers.

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Protection Plus: IRS Resolution & More

Protection Plus has been a trusted partner to tax and accounting professionals for nearly 20 years. Our mission is to provide comprehensive, turnkey solutions that help professionals confidently navigate the evolving tax landscape. In this article, we’ll highlight our flagship tax resolution services, along with new tools and resources designed to protect and support your business.

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2024 Tax News Roundup

Stay informed with our expert insights in this year's 2024 Tax News Roundup. We cover the year’s most impactful tax news and developments, including the Corporate Transparency Act injunction, IRS enforcement priorities for partnerships and high-income non-filers, and the evolving IRS Free File program. We also explore cyber security mandates and potential tax policy changes following the 2024 election.

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November Tax News Roundup

Stay informed with our latest insights and expert outlook from our team at Protection Plus. In this article, we explore November's most impactful updates for tax professionals. We'll cover the healthcare FSA limit for 2025, the new tax brackets and deductions updates, and the IRS 2024 Financial Report. Plus, we remind Enrolled Agents about the upcoming renewal deadline. Don't miss these critical updates!

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October Tax News Roundup

Stay informed with our latest insights from the October News Roundup. We dive into the IRS’s accelerated processing of Employee Retention Credit (ERC) claims, helping you prepare clients for increased scrutiny. Plus, we highlight extended tax deadlines for hurricane victims and how to guide clients through disaster relief. And don’t miss our tips to help clients avoid charity scams post-hurricanes.

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Just Released: Free WISP Building Tool From Protection Plus

With the changes the IRS has made to PTIN applications in the last few years, every PTIN holder is required to have a Written Information Security Plan (WISP) on file. But crafting your own WISP can be a daunting task. Most tax and accounting professionals don't even know where to begin - that's where Protection Plus comes in. Learn more about our free WISP building tool and familiarize yourself with WISP basics.

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Protection Plus September Tax News Roundup

Stay informed with our latest insights and expert outlook from our team at Protection Plus. In this article, we'll dive deeper into topics from our September News Roundup. We cover the IRS’s warning on fraudulent tax relief mills and provide actionable tips. We also explore the proposed Corporate Alternative Minimum Tax and offer guidance on navigating the final regulations for estate tax basis reporting.