1.13.23
Significant Changes to the 179D Energy-Efficient Commercial Buildings Deduction
The Inflation Reduction Act of 2022 (the “Act”), signed into law in August, has a direct impact on the construction industry. The Act includes new…
1.12.23
Employers Should Be Wary of ERC Claims That Are Too Good To Be True
The Employee Retention Credit (ERC) was a valuable tax credit that helped employers that kept workers on staff during the height of the COVID-19 pandemic.…
1.6.23
Significant Tax-Focused Changes Arising From the SECURE 2.0 Act of 2022
On December 29, 2022, President Biden signed the Consolidated Appropriations Act of 2023, which contained the Setting Every Community Up for Retirement Enhancement (SECURE) 2.0…
1.4.23
The Standard Business Mileage Rate Is Going Up in 2023
Although the national price of gas is a bit lower than it was a year ago, the optional standard mileage rate used to calculate the…
1.4.23
How To Minimize the S Corporation LIFO Recapture Tax
If you’re considering converting your C corporation to an S corporation, be aware that there may be tax implications if you’ve been using the last…
1.3.23
Are You at Risk of Retirement Plan Leakage?
Generally, the term “leakage” has negative connotations. So, it’s not surprising that the same is true in the context of retirement planning, where leakage refers…
1.3.23
Are You at Risk for Investment Fraud?
Many perpetrators of investment fraud know how to push the right psychological buttons to entice their “marks” to buy worthless or nonexistent securities. You can…
1.3.23
Six Key Tax Q&As for 2023
Right now, you may be more concerned about your 2022 tax bill than you are about how to handle your personal finances in the new…
12.21.22
2023 Q1 Tax Calendar: Key Deadlines for Businesses and Other Employers
Here are some of the key tax-related deadlines affecting businesses and other employers during the first quarter of 2023. Keep in mind that this list…
12.16.22
Tax Implications of Operating in Multiple States (Nexus)
In the ever-changing environment of state income, franchise and sales tax, being proactive is the best way to stay in compliance and avoid penalties. Companies…