New IRS Guidance: Tax Treatment for Energy Efficiency Rebates
The Inflation Reduction Act (IRA) introduced and broadened several incentives aimed at encouraging taxpayers to boost their use of renewable energy sources and embrace various energy-efficient upgrades. Notably, the legislation allocates funding of nearly $9 billion towards home energy rebates. Although the rebates are not currently accessible, numerous states are anticipated to roll out their […]
Is Manufacturing Technology in Industry 4.0 or Industry 5.0?
Navigating the Next Frontier of Manufacturing Technology Manufacturing technology is constantly evolving. Industry leaders have an array of innovations to keep up with. You have likely heard discussion of Industry 4.0 and Industry 5.0, but which era are we in? Which of these matter most for your business? This question is not just a matter […]
Leveraging AI to Add Value to Your Business
Artificial intelligence (AI) has been around for years. In November 2022, however, the technology became more broadly used by the general public with the advent of Chat Generative Pre-Trained Transformer (ChatGPT). This conversation bot, also known as Generative AI, uses AI to immediately respond to user prompts, simulating the ability of human beings to think and […]
The Latest on Cybersecurity Regulations from the SEC
Businesses continue embracing innovation and technology, but with the rise of digitization comes the critical challenge that no organization can afford to ignore, cybersecurity threats. Publicly traded companies are prized targets for cyber attackers seeking to exploit vulnerabilities and obtain sensitive information because of the volume of data they send, receive, and store. In recognition […]
4 Key Benefits of a Cybersecurity Live Fire Exercise
Every business faces threats to their cybersecurity and, hopefully, has a variety of policies and procedures in place to keep them safe. How do you know if your safeguards are reliable? How can you ensure that your employees are following the policies as intended and executing the necessary steps if you are faced with a […]
The Benefits of Your Own Custom Applications
In today’s fast-paced digital world, businesses are constantly seeking innovative ways to stay ahead of the competition and meet the evolving needs of their customers. One powerful tool that can help businesses achieve this is a custom application tailored to their specific requirements. Custom applications offer unique advantages over off-the-shelf software solutions, providing businesses with […]
Risk-Based Auditing: Evaluate Today for a Safer Tomorrow
In today’s business environment, it is more important than ever for businesses and financial institutions to have a strong risk management program in place. A risk management program helps organizations identify, assess, and mitigate risks to their operations, finances, and reputation. One of the most important components of a risk management program is risk-based auditing. […]
CHIPS Act Poised to Boost U.S. Businesses
The Creating Helpful Incentives to Produce Semiconductors for America Act (CHIPS Act) was recently passed by Congress as part of the CHIPS and Science Act of 2022 and signed into law by President Biden on August 9, 2022. Among other things, the $52 billion package provides generous tax incentives to increase domestic production of semiconductors, […]
Cost Segregation: Frequently Asked Questions
If your company is planning to build, purchase or renovate a building, or has done so in the past several years, a cost segregation study is a powerful tool that may help boost your cash flow and decrease your tax liability. These Frequently Asked Questions (FAQ) were designed to help you determine whether a cost […]
Cost Segregation Infographic: Tax Advantages of Your Property
If your company is planning to build, purchase or renovate a building, or has done so in the past several years, a cost segregation study is a powerful tool that may help boost your cash flow, reduce your tax burden and save your company significant money. Check out this infographic below to learn if you […]