News & Insights
The IRS Warns Businesses About ERTC Scams
August 21st, 2023
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Accounting & Outsourced Solutions |
Business Tax Services |
Tax |
Tax Credits
The airwaves and internet are inundated these days with advertisements claiming that businesses are missing out on the lucrative Employee Retention Tax Credit (ERTC). While some employers do indeed remain […]
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Three Tax Credit Opportunities for Manufacturers Under the Inflation Reduction Act
June 13th, 2023
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Tax |
Tax Credits
In 2022, Congress passed the Inflation Reduction Act (IRA), a broad piece of legislation featuring provisions to advance clean energy production and domestic manufacturing capacity. Changes to tax credits and […]
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IRS Guidance Coming Regarding the IRA’s Clean Vehicle Credit
April 17th, 2023
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Tax |
Tax Credits
The Inflation Reduction Act (IRA) extended and expanded the Section 30D Clean Vehicle (CV) Credit, previously known as the Electric Vehicle (EV) Credit. The credit now covers “clean vehicles,” which include […]
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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 […]