Northern California accountants count down 2021 and where corporate finance is heading in 2022
Mariya Pioszak: Anxiety – many issues raised by the IRS to us and our clients are urgent, requiring a phone call or letter to resolve, which is difficult to do when the IRS answering machine says they are no longer taking calls for the day or when their processing times are twice the time given to taxpayers to respond.
Pioszak, CPA, is tax manager, Montgomery Taylor Wealth Management, 2880 Cleveland Ave., Suite 2, Santa Rosa 95409; 707-576-8700; montgomerytaylorwealth.com.
Pioszak earned her master’s degree in economics from Tver State University in Tver, Russia, arrived in Boulder, Colorado in 1998, and has since gained over 20 years of comprehensive accounting experience. She began her career in financial accounting establishing and managing control functions including treasury, payroll compliance, sales/use/property taxes and financial statement preparation.
His experience in public accounting stems from his work with CPA firms providing tax planning and compliance services to private businesses and high net worth individuals.
When she’s not solving tax problems or solving financial puzzles, Mariya enjoys swimming, growing tomatoes from seed or flying kites with her husband and two daughters.
Andy Veder: The biggest impact of the IRS backlog has been the opportunity cost of clients having to allocate resources to prior filings. We work hard with our clients to be forward-looking and opportunity-driven, but too often we find ourselves waiting for IRS rulings or addressing issues that should have been resolved with the tax filing. origin. Taxpayers deserve a reliable partner on the revenue agency side so they can make informed planning decisions.
Vedder, CPA, is with Linkenheimer LLP CPAs & Advisors, 187 Concourse Blvd., Santa Rosa 95405; 707-546-0272; linkcpa.com.
Vedder joined the Linkenheimer team in September 2015 with three years of public accounting experience. After a successful career running his own business, he decided to pursue higher education and studied at Santa Rosa Junior College and Sonoma State University, where he graduated in May 2013 with a degree in accounting and economics.
A resident of Ukiah, Vedder enjoys the rural beauty and wide open spaces of Mendocino County, traveling with his family and, of course, a good book.
If there was one change in the tax code that you could make, what would it be and why?
Michelle Muth Ausburn: Like many, I would make it less complicated. A simpler tax system would be more business-friendly, boost productivity and keep our country’s economy more competitive on the world stage.
Muth Ausburn, CPA, is Partner in Charge of North Bay, BPM LLP, 110 Stony Point Road, Suite 210, Santa Rosa 95401; 707-524-6588; bpmcpa.com.
A certified public accountant in the State of California, Muth Ausburn’s area of expertise is GAAP accounting and financial reporting. She spends the majority of her time working with wineries, vineyards, real estate entities, traders, custom crushing facilities, wine and spirits distributors, natural and organic food companies and agricultural businesses. non-wine.
She graduated from St. Mary’s College in California.
Brewer: I would remove the $10,000 cap on state and local taxes (SALT).
The SALT cap unfairly limits the deduction for taxpayers who live in high-tax states like California. Itemized deduction should be allowed for amounts paid for state income taxes, property taxes and other state and local taxes without limitation.
Dal Poggetto: I would change the due dates for personal income tax returns to coincide with the taxpayer’s birth month, to spread out the workload beyond April 15.
Flynn: To simplify the general tax code. There are so many nuances and intricacies in the tax code that it is almost impossible to stay on top of and informed about everything.
Shell: I would remove the cap on the amount of state taxes that individuals can deduct.
Pioszak: Tax policy is used by government to promote certain behaviors and discourage others. However, it takes time to implement and see the fruits of labor.
The biggest change I would like to see would be a limit on the frequency of tax law changes (for example, no more than once every three years) and effective dates (at least six months after the date of promulgation and prohibiting retroactive application). This should be a policy, not a pun.
Veder: I would like to see improvements made to the qualifying business income deduction in line with recent AICPA recommendations.