News & Insights
Understanding Business Interest Expense Limitation Changes & Tax Credit Opportunities
October 28th, 2022
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Tax Credits
Before the 2017 Tax Cuts and Jobs Act (TCJA), section 163(j) of the Internal Revenue Code applied only to certain interests paid or accrued by corporations. However, the TCJA significantly […]
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What do the 2023 Cost-of-Living Adjustments Mean for You?
October 27th, 2022
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Tax |
Tax Credits
The IRS recently issued its 2023 cost-of-living adjustments for more than 60 tax provisions. With inflation up significantly this year, many amounts increased considerably over 2022 amounts. As you implement […]
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Inflation Reduction Act (IRA) Expands Deductions for Energy-Efficient Construction
October 20th, 2022
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Business Tax Services |
Tax |
Tax Credits
Mitigating the adverse effects of climate change is one of the primary targets of the recently enacted Inflation Reduction Act (IRA). To that end, the legislation is packed with tax […]
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Work Opportunity Tax Credit Provides Help to Employers
October 8th, 2022
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Business Tax Services |
Tax |
Tax Credits
In today’s tough job market and economy, the Work Opportunity Tax Credit (WOTC) may help employers. Many business owners are hiring and should be aware that the WOTC is available […]
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Inflation Reduction Act Expands Valuable R&D Payroll Tax Credit
September 30th, 2022
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Tax |
Tax Credits
When President Biden signed the Inflation Reduction Act (IRA) into law in August, most of the headlines covered the law’s climate change and health care provisions. But the law also […]