art werner: what business owners need most | quick tax tip

small businesses face a storm of tax pressures, but trusted advisors can offer calm amid the chaos.

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quick tax tip
with art werner
cpe today

in the latest episode of quick tax tip, art werner delivers an insightful update for small and midsized business (smb) owners — many of whom are feeling overwhelmed by a growing list of tax and regulatory pressures.

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“i think that a number of small businesses are a little scared,” werner says, pointing to the combination of federal, state, and local tax compliance as a mounting source of stress. “they’re trying to coordinate this all… but more importantly, they look at all this as being just ancillary to why they’re in business.”

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art werner: economic optimism? | quick tax tip

despite uncertainties, accountants have an opportunity to lead clients with confidence, expertise, and a forward-looking strategy.

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quick tax tip
with art werner
cpe today

in the latest episode of quick tax tip, seasoned tax expert art werner brings a refreshing perspective: optimism.

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even amid constant regulatory changes, economic fluctuations, and the looming possibility of new tax legislation, werner argues that tax professionals have never been better positioned to help clients navigate complexity—and thrive.
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art werner: shift gears post-tax season | quick tax tip

start with proactive planning instead of reactive reporting.

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quick tax tip
with art werner
cpe today

as tax season winds down and the dust settles, many cpas are eager for a breather. but in the latest quick tax tip with art werner podcast, the seasoned tax educator offers a powerful—and timely—reminder: now is not the time to coast. instead, it’s the perfect opportunity to pivot from tax historian to tax strategist.

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drawing on decades of experience and his trademark candor, werner explains how the very tax returns just filed can be the launchpad for a more impactful advisory relationship with clients. “what i would look at,” he begins, “is the tax return you just prepared—and use that as a script.” read more →

art werner: are your clients throwing money away? | quick tax tip

without the right strategy, even the best intentions can go to waste.

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quick tax tip
with art werner
cpe today

charitable giving can be a powerful tool for clients seeking tax advantages and for ensuring their donations are used wisely. yet, many clients—and even some professionals—remain unaware of one of the most accessible vehicles for achieving these goals: donor-advised funds.

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“the average client has no idea that a donor-advised fund exists,” werner says. “and if i, as a professional, am not aware of a technique, i probably won’t use it — not because i’m afraid of it, but because i’m ignorant of the ability to utilize it.”

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art werner: empower strategic giving | quick tax tip

unlock the full value of charitable contributions with one of the tax code’s most underused tools.

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quick tax tip
with art werner
cpe today

what if you could give more, support your favorite causes for years to come, and still walk away with a sizable tax deduction—all in one smart move?

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that’s the opportunity donor-advised funds (dafs) present, and the latest quick tax tip brings clarity to a concept many donors and advisors overlook.

“a donor-advised fund, by itself, is a charity,” werner explains. “but the contribution we make to it is deductible within irs limits—and what’s really nice is you can lump your giving up front and spread it out over time.” read more →

art werner: tax loss harvesting re-examined | quick tax tip

unpack the basics—and the big misses—of capital gains planning.

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quick tax tip
with art werner
cpe today

many accounting professionals may recall the concept of tax loss harvesting from their very first income tax course. but this seemingly elementary strategy can have powerful implications—and far too many practitioners and clients are overlooking it.

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“each year, clients walk into offices with their 1099s in hand, showing large capital gains,” werner explains. “at that point, there’s not much we can do except report what’s already happened. that’s the role of a historian, not an advisor.”

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art werner: turmoil in washington | tax issues update

what do tax pros need to know about the uncertainty in washington?

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quick tax tip
with art werner
cpe today

with tax season in full swing, cpas and tax professionals are juggling client returns and a rapidly shifting tax landscape. in the latest quick tax tip, art werner joins rick telberg of 卡塔尔世界杯常规比赛时间 to dissect the state of tax policy, irs challenges, and how accountants can turn uncertainty into opportunity.

click here for more art werner 

from looming irs layoffs to the evolving role of technology in compliance and planning, this conversation is packed with insights that every tax practitioner needs to hear. here are the biggest takeaways:

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art werner: maximize retirement for 2025 | quick tax tip

retirement planning isn’t just about saving – it’s about strategy.

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quick tax tip
with art werner
cpe today

with tax laws constantly evolving, finding the right balance between financial planning, tax reduction, and compliance with the internal revenue code can feel like a moving target. fortunately, powerful opportunities are available in 2025 to maximize your retirement savings while minimizing your tax burden.

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for instance, contribution limits to 401(k)s have significantly increased. in 2025, you can contribute up to $23,500; if you’re 50 or older, you can add an extra $7,000 in catch-up contributions. that’s a major opportunity to secure your financial future while reducing your taxable income today.

but should you contribute to a roth 401(k), a traditional 401(k), or other savings account?

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art werner: navigating the corp. transparency act | quick tax tip

the new responsibility for tax professionals is also a chance to grow your practice and billable hours.

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quick tax tip
with art werner
cpe today

as a tax professional, you are already well-versed in dealing with the complexities of the internal revenue service (irs). however, a new player in the compliance landscape requires your attention: fincen—the financial crimes enforcement network.

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while fincen has long been responsible for monitoring financial activities related to money laundering, organized crime, and terrorism, a new regulation—the corporate transparency act (cta)—has expanded its reach. effective january 1, 2024, this law requires businesses to report beneficial ownership information (boi) to fincen, creating a new compliance responsibility for which tax professionals must be prepared.

related: fincen calls a much needed time out for beneficial ownership information reporting while congress mulls changes “on february 27, 2025, fincen announced that no enforcement actions (read: fines and penalties) would take place for noncompliance with the requirements until at least the u.s. treasury department promulgated new guidance. this announcement was affirmed by treasury on march 2, 2025…”

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art werner: you can still help clients reduce tax burden | quick tax tip

look for silver linings in tough situations.

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quick tax tip
with art werner
cpe today

with tax season in full swing, many accountants are deep in the trenches, sorting through clients’ paperwork and preparing returns. while proactive tax planning is ideal, there are still opportunities to help clients optimize their tax situation—even in february and march.

tax expert art werner stresses that while year-end planning is crucial, tax professionals can still take strategic steps to ensure clients don’t overpay.

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“sometimes, we have to make the best of bad situations,” werner explains. “if something unexpected happened to a client—whether it’s a financial loss, a major expense, or a shift in income—there may be ways to maneuver the tax code to lighten the load.”

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art werner: the godfather and tax issues | quick tax tip

the corleone family’s quest for legitimacy mirrors modern business succession planning.

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quick tax tip
with art werner
cpe today

imagine a tax class inspired by “the godfather” by mario puzo. beyond its thrilling narrative of crime and family loyalty, this iconic novel is surprisingly rich in business succession and adaptation lessons. while such a class might remain hypothetical, its concept offers a fascinating lens for understanding contemporary tax issues like the corporate transparency act (cta).

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at its core, “the godfather” chronicles the corleone family’s struggle to transition their empire from illegal activities to legitimate business ventures. this narrative mirrors the challenges many businesses face in succession planning: ensuring smooth continuity while navigating regulatory landscapes. for tax professionals, the story underscores the importance of understanding compliance and transparency requirements, particularly as they pertain to ownership structures.

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art werner: beneficial ownership and control | quick tax tip

learn how a 1% owner can wield more power than a 99% shareholder under specific agreements.

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quick tax tip
with art werner
cpe today

in today’s complex regulatory environment, the term “beneficial ownership” might sound straightforward, but it encompasses far more than simply owning shares in a company. a beneficial owner holds a controlling interest in a business entity. this control might be linked to shared ownership, but it can also extend to individuals who influence decisions in other ways.

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for example, under the corporate transparency act, anyone owning 25% or more of a company is generally considered a beneficial owner. however, there are important exceptions that expand this definition.

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art werner: due diligence and irs enforcement | quick tax tip

the irs is increasing scrutiny, and your due diligence must meet the challenge.

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quick tax tip
with art werner
cpe today

as the irs increases its enforcement efforts fueled by new funding and additional agents, understanding and practicing due diligence is more critical than ever for tax professionals. due diligence requirements, established to ensure compliance with tax law, place a significant responsibility on tax practitioners to verify their clients’ eligibility for certain tax benefits.

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tax professionals must now certify positions related to the american opportunity tax credit, the earned income tax credit, the child tax credit, and the filing status of head of household. these certifications require meticulous documentation, a thorough understanding of the client’s situation, and adherence to the law.

failing to uphold due diligence can have serious consequences.

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