The Tax Filing Deadline Is Drawing Near
Filed your 2022 tax returns? April 18 is the tax-filing deadline. Make sure to file your return or file for an automatic extension by this date.
Changes in Section 174 Mean You Should Review Your R&E Strategy
Several provisions in the TCJA have expired or will expire in the next few years. Last year was the end of current deductibility for R&E expenses.
Many Taxpayers Could See Smaller Tax Refunds This Year
COVID pandemic-related benefits have come to an end. These decreases in federal tax benefits will mean smaller 2022 tax refunds for taxpayers..
Buying a New Business Vehicle? A Heavy SUV Is a Tax-Smart Choice
Buying or replacing a vehicle that you’ll use in your business? A heavy SUV may provide a more generous tax break this year than a smaller vehicle.
Implications of the R&D Tax Policy Changes on Manufacturers Everywhere
Do you know about a recent R&D tax policy change? It will impact the way that R&D is handled when it comes to income taxes in the United States.
Planning On Claiming the New Electric Vehicle Tax Credit?
The tax credit for purchasing a new electric vehicle can still be as much as $7,500. However, Congress added new qualifications for vehicles to qualify.
Annual Adjustments to Penalties for Health Benefits & Employer Plans
DOL announced 2023 annual adjustments to penalties for benefits-related violations. 2023 adjustments are effective for penalties assessed after 1/15/2023.