The IRS has furloughed nearly half of its employees after updating its government shutdown contingency plan last week, and the agency is now set to permanently lose nearly 1,500 employees as the administration pushes broad reductions in force. The moves could freeze audit activity, slow down new guidance, and create processing backlogs.

The president signed into law a sweeping reconciliation tax bill in a July 4 signing ceremony, capping a furious sprint to finish the legislation before the self-imposed holiday deadline. The Senate approved the bill in a 51-50 vote on July 1 after making a number of last-minute changes following intense bicameral negotiations.

As we gear up for the approaching tax season, we understand that this time of year can be accompanied by added stress.

At EHTC, we are committed to making your experience as smooth and successful as possible. We believe that staying organized and addressing important details ahead of time can greatly alleviate the pressure associated with tax season.

Finding a good advisor can be difficult and time consuming, but it is worth the extra effort. An advisor that understands your wants, needs, goals and pain points, is key to achieving your or your company’s full potential.