The Inflation Reduction Act Gives the Solar Tax Credit New Life
The Inflation Reduction Act gives new life to the federal solar tax credit. It also provides guidelines allowing batteries to also qualify for the credit.
The New Home Energy Improvement Credit Is Bigger and Better
A tax credit for making energy-saving improvements to a home isn't new. However, the Inflation Reduction Act enhanced the home energy improvement credit.
Electric Vehicle Credit Undergoes Major Overhaul
Recently, the Inflation Reduction Act of 2022 was passed. With it, the electric vehicle credit has undergone some major changes.
IRS News Regarding Employer Reversion and Spinoff/Termination
What happens when a qualified retirement plan terminates with surplus funds? Employer reversion. And the IRS has specific rules governing this process.
Should There Be New Tax Rules for Telecommuters?
Employers and employees enjoy being telecommuters - even post-pandemic. Should the IRS update the tax rules re: the deductibility of travel expenses?
Inflation Reduction Act Provisions of Interest to Small Businesses
The Inflation Reduction Act (IRA) was signed into law by President Biden on August 16. It contains provisions that provide tax relief for small businesses
Reel in Job Candidates with a Relocation Package
Competition among employers for many types of employees remains fierce. You may have to offer a financial incentive like a relocation package.