Insights
2023 Year-End Guide – International Tax
2023 has seen important activity with regulation of international tax. Following is a list of items to consider and be aware of for 2023 year-end planning and beyond.
2023 Year-End Guide – State and Local Tax
With thousands of taxing jurisdictions, from school boards to counties and states, and many different types of taxes, state and local taxation is complex. Each tax type comes with its own set of rules — by jurisdiction — all of which require a different level of attention.
2023 Year-End Guide – Tax Accounting Methods
A taxpayer’s tax accounting methods determine when income is recognized and costs are deducted for income tax purposes. Strategically adopting or changing tax accounting methods can provide opportunities to drive tax savings and increase cash flow.
2023 Year End Guide – Business Incentives & Tax Credits
There has been a lot of activity with tax incentives and credits for business in 2023. Following is a list of incentives discussed in this article.
2023 Year End Guide – Business Incentives & Tax Credits
The employee retention credit (ERC) is a refundable payroll tax credit for wages and health plan expenses paid or incurred by an employer (1) whose operations were either fully or partially suspended due to a COVID-19-related governmental order; or (2) that experienced a significant decline in gross receipts during the COVID-19 pandemic.
2023 YEAR-END TAX PLANNING FOR INDIVIDUALS
With rising interest rates, inflation and continuing market volatility, tax planning is as essential as ever for taxpayers looking to manage cash flow while paying the least amount of taxes possible over time.
2022 Year-End Tax Planning for Individuals
With rising interest rates, inflation and continuing market volatility, tax planning is as essential as ...
2022 Year-End Tax Planning for Businesses
U.S. businesses are facing pressure to drive revenue, manage costs and increase shareholder value, all ...
IRS Provides Broad Penalty Relief For Some 2019, 2020 Returns
The IRS on August 23, 2022, announced it will grant automatic penalty relief for late-file penalties imposed with ...
Inflation Reduction Act Becomes Law
President Biden signed the Inflation Reduction Act into law at a White House ceremony on August 16, finalizing a ...
Tax Changes for R&E Expenditures as of 2022
Businesses that invest in research and development, particularly those in the technology industry, should be aware ...
IRS Penalties & Interest
How does the IRS go about applying penalties and interest to taxpayers?
In this article we’ll be discussing the 4 ...
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