Specific Tax Provisions to Leverage for Optimized Results The March 27th, 2020 signing of the Coronavirus Aid, Relief, and Economic Support (CARES) Act created immediate economic support in the form of loans, subsidies, and much-needed tax relief, including several important tax provisions. The CARES Act increases interest expense
If you’re used to mailing your tax returns or payments close to the deadline, a recent change from the U.S. Postal Service (USPS) could have a big impact on your filing strategy. Here’s what’s changing, how it could affect you, and what you can do to ensure your documents are
“Tax” Is an International Language There’s a world of opportunities out there — literally. And to out-maneuver global competition, you’ve got to be poised to make the most of every advantage. We work with corporate clients on international tax issues, so wherever your company is based, and whether you’re big
As of March 23, 2020, S.3548, the Coronavirus Aid, Relief, and Economic Security Act, or more commonly known as the CARES Act, has gone through a series of revisions and is awaiting a final vote in the Senate. Proposed changes to the CARES Act (not yet passed at this time)
The QBI deduction: A quick refresher The Qualified Business Income (QBI) deduction, introduced by the Tax Cuts and Jobs Act (TCJA), has been a major tax benefit for owners of pass-through businesses like sole proprietorships, partnerships, and S corporations. The QBI deduction allows eligible non-corporate taxpayers to deduct up to
https://www.youtube.com/watch?v=j-L4sFoqQPs Can’t watch the video? Get the transcript. While 2023 is drawing to a close, there are still steps you can take to minimize your tax burden. Top tax pros Andre Williams and Mark Hamad share strategies and insights on renewable energy credits, expiring provisions of the Tax Cuts and
Did you receive an IRS notice to submit a previously filed 2020 tax return? As the Internal Revenue Service struggles with a still massive backlog generated by the pandemic and staffing challenges – the same issues impacting nearly every sector of the economy – some automatically generated IRS notices are
With the signing of the Infrastructure Innovation and Jobs Act by President Biden on November 15th, an additional $500 billion is expected to be invested in “hard” infrastructure projects over the next five years. One of the tax offsets to help pay for the project was closing the
For multinational businesses, there is perhaps no greater source of confusion and frustration in the tax arena than transfer pricing. Transfer pricing is the arm’s length price charged for good and services between related parties. In cross- border transactions, establishing the correct transfer price is particularly critical because each country
Owners of energy-efficient commercial buildings have the opportunity for potentially significant income tax breaks, based on the extension of section 179D of the Tax Cuts and Jobs Act (TJCA). The Energy-Efficient Commercial Buildings deduction 179D was part of TJCA in 2017, and was set to expire – but in December
Current market conditions may be wreaking havoc on your retirement account – but while no one likes to see the numbers drop, there may be a silver lining: if you’ve ever considered converting to a Roth IRA, now may be the perfect time. Here’s why: a significant drop in your
Increase in Qualified Small Business Payroll Tax Credit for Increasing Research Activities The Inflation Reduction Act is now signed into law – and it’s big news for some qualified small businesses. The bill increases the amount of the research tax credit that may be applied against the payroll tax liabilities