2023 Tax Calendar

To help you make sure you don’t miss any important 2023 deadlines, we’ve provided this summary of when various tax-related forms, payments and other actions are due. Please review the calendar and let us know if you have any questions about the deadlines or would like assistance in meeting them. Date Deadline for  January 10 […]

How the Inflation Reduction Act Is Extending and Expanding Solar Energy Tax Incentives

Written by Zachary Dech Contact Zach Updates to the Solar Investment Tax Credit (ITC) Among the Inflation Reduction Act’s expansions to existing tax credit opportunities are those that promote the adoption of solar energy systems. The IRA extends the provisions of the Solar Investment Tax Credit (ITC) so residential homeowners who install designated solar energy […]

Year-End Tax Planning: Act Now to Reduce Your 2022 Tax Bill

It’s been a tumultuous year for many businesses, and the current economic and political climate promises more uncertainty for the short term, if not longer. Regardless of how your company has fared so far in 2022, there’s still time to engage in efforts that may reduce your federal tax liability. Here are some strategies worth […]

2022 Year End Tax Planning for Businesses — Recorded Webinar

Summary It always seems to come too quickly, but December 31st will soon be here. Our tax experts have devloped two webinars focused on year-end and 2023 tax planning. On Wednesday, December 7, 2022, Phil Hurak, David Albrecht and Zach Gubser (joined by moderator Brendan Walsh) will discuss strategies and planning for businesses to consider […]

Inflation Reduction Act Expands Valuable R&D Payroll Tax Credit

Expanded R&D Payroll Tax Credit

When President Biden signed the Inflation Reduction Act (IRA) into law in August, most of the headlines covered the law’s climate change and health care provisions. But the law also enhances an often-overlooked federal tax break for qualifying small businesses. The IRA more than doubles the amount a qualified business can potentially claim as a […]

Clean Vehicle Credit Comes with Caveats

Clean Vehicle Credit Comes with Caveats

By David JohnsonSenior Manager The Inflation Reduction Act (IRA) includes a wide range of tax incentives aimed at combating the dire effects of climate change. One of the provisions receiving considerable attention from consumers is the expansion of the Qualified Plug-in Electric Drive Motor Vehicle Credit (IRC Section 30D), now known as the Clean Vehicle Credit. While […]

The Inflation Reduction Act Includes Wide-Ranging Tax Provisions

Inflation Reduction Act Overview

President Biden signed the Inflation Reduction Act (IRA) into law on August 16, 2022. The IRA includes significant provisions related to climate change, health care, and, of course, taxes. The IRA also addresses the federal budget deficit. According to the Congressional Budget Office (CBO), the IRA is projected to reduce the deficit by around $90 billion […]

Cost Segregation Case Study: Purchase and renovate a property, gain financial benefits

Building with parking lot

Download our cost segregation case study to see how a manufacturing company that purchased and renovated a property was able to benefit from conducting a cost segregation study. And if you haven’t already, check out our infographic and FAQs to see how cost segregation can increase your manufacturing and distribution company’s cash flow and reduce […]