The IRS has issued long-awaited regs on the tax treatment of amounts paid to acquire, produce, or improve tangible property. These new rules help the taxpayer determine what they can expense today and what they must capitalize and deduct at another time.
Generally, the regs must be followed for tax years that begin after December 31, 2013. The regs are lengthy and complex.
Please contact us to schedule some time to discuss how these changes apply to your business.
Learn how Artificial Intelligence is transforming worker productivity and its impact on businesses and the labor market.
The IRS has released warning signs to identify misleading Employee Retention Credit scams. The release also recommends simple steps for avoiding the filing of a misleading claim.
From financial institutions to car dealerships, MFA is becoming a requirement for companies across industries. This article outlines the expanding use cases for MFA, the different features and functionalities of various MFA solutions, and the need for a holistic security strategy.
Companies should use multifactor authentication as part of a layered security strategy that includes identity and access management which exceeds passwords.
If your employees travel for work purposes, it’s important to understand the various methods of tracking and substantiating travel expenses so that you can maintain accurate records, control costs, and take advantage of potential tax benefits. Watch this video to learn about business travel expenses, per diem allowances, and how they affect employees and employers.
A revocable living trust, or RLT, offers many benefits, including probate avoidance, privacy, and flexibility in managing assets during one’s life, incapacity, and death. However, despite their popularity as an estate planning tool, there are many misconceptions surrounding revocable trusts that lead to confusion and misunderstandings. Watch this video to learn about the top six misconceptions.
Signs point to increasing credit risk in commercial real estate loan portfolios, as recent skittishness around lending has compounded existing concerns.
See how the new required tax treatment of R&D costs under section 174 affects federal, state, and international taxes, as well as software development.
New rules for EV credit reduce the number of eligible models after Apr. 17, 2023. The list of eligible models is likely to grow.
IRAs are an important tool for many individuals when it comes to managing their long-term financial goals. IRAs are generally considered investment vehicles that are exempt from tax, but this may not always be the case.