News & Insights

Understanding Business Interest Expense Limitation Changes & Tax Credit Opportunities

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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?

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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

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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

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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

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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 […]

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