Explore our extensive library of tax resources put together by our industry thought leaders.
The Inventory Price Index Computation (IPIC) LIFO method is a specialized approach to the Last-In, First-Out (LIFO) inventory valuation method. It was developed by the Treasury Department to help businesses simplify LIFO calculations while still complying with IRS requirements under the Internal Revenue Code. Unlike traditional LIFO methods that require tracking inflation year over year for each SKU or product
The Inventory Price Index Computation (IPIC) LIFO method is a specialized approach to the Last-In, First-Out (LIFO) inventory valuation method. It was developed by the Treasury Department to help businesses simplify LIFO calculations while still complying with IRS requirements under the Internal Revenue Code. Unlike traditional LIFO methods that require
Choosing the Best R&D Tax Credit Provider When it comes to claiming the Research & Development (R&D) tax credit, the difference between maximizing your benefit and leaving money on the table often comes down to the expertise of your provider. A top-tier R&D tax credit consultant not only identifies qualifying
The Inventory Price Index Computation (IPIC) LIFO method is a specialized approach to the Last-In, First-Out (LIFO) inventory valuation method.
Choosing the Best R&D Tax Credit Provider When it comes to claiming the Research & Development (R&D) tax credit, the
The One Big Beautiful Bill (OBBB) represents one of the most comprehensive clean energy legislative updates since the IRA. For
Choosing the Best R&D Tax Credit Provider When it comes to claiming the Research & Development (R&D) tax credit, the
Navigating the complex world of R&D tax credits requires more than just general tax knowledge—it demands a deep understanding of
What is a 481(a) Adjustment? A change in method of accounting requires restatement of the tax accounts on the first
Research and Development (R&D) is a vital component of innovation and technological advancement that involves the creation of new knowledge
Many industries invest in research and development to drive innovation and maintain a competitive edge within their respective markets. By
The R&D tax credit is a governmental incentive designed to encourage research and development activities in the US. This credit
Choosing the Best R&D Tax Credit Provider When it comes to claiming the Research & Development (R&D) tax credit, the difference between maximizing your benefit and leaving money on the table often comes down to the expertise of your provider. A top-tier R&D tax credit consultant not only identifies qualifying
Navigating the complex world of R&D tax credits requires more than just general tax knowledge—it demands a deep understanding of IRS regulations, evolving legislation, and the ability to identify and document qualified research activities. Whether you’re a growing technology firm, a manufacturing company, or a CPA looking to better serve
Real estate depreciation is a cornerstone concept in real estate investment and tax planning. Understanding how it works—and how to
How do I find a qualified professional to perform a cost segregation study? When it comes to performing a cost
Real property investors understand that today’s market is challenging, and that it’s important to take advantage of every deduction to
Tailored Solutions for Residential Real Estate Owners Several tax incentives could financially benefit owners of residential real estate. Cost segregation
What is a TPR (Tangible Property Regulation) study? A Tangible Property Regulation (TPR) study is an analysis that examines a
As a short-term rental property owner, maximizing your tax savings is essential for the success of your investment. One effective
Real estate depreciation is a cornerstone concept in real estate investment and tax planning. Understanding how it works—and how to maximize its benefits—can significantly impact your bottom line. In this guide, we’ll break down what real estate depreciation is, how it’s calculated, and how investors can leverage it to optimize
How do I find a qualified professional to perform a cost segregation study? When it comes to performing a cost segregation study, choosing the right provider is crucial. Not only will a reputable provider ensure accurate and reliable results, but they will also help you maximize your tax savings and
The 179D tax deduction is calculated based on a commercial building’s square footage and the energy cost savings achieved by
The IRS Form 8908 (also referred to as the Energy Efficient Home Credit) states that “eligible contractors can claim a
In August of 2022, The Inflation Reduction Act was signed into law which made significant changes to the Energy Policy
The 179D tax deduction is calculated based on a commercial building’s square footage and the energy cost savings achieved by improving its envelope, lighting, or HVAC systems. It’s important to note that 179D is not only applicable to building owners. Design firms, such as architects, engineers, and contractors, can also
The IRS Form 8908 (also referred to as the Energy Efficient Home Credit) states that “eligible contractors can claim a credit for each qualified energy-efficient home sold or leased to another person during the tax year for use as a residence.” This tax credit is a fiscal incentive designed to
As eCommerce continues to grow, so does the complexity of state and local tax compliance. One of the most important
Which States Have the Most Complex Sales Tax Laws? The sales tax landscape in the United States presents a maze
What CPAs and Taxpayers Need to Know As new tariffs from the Trump administration take effect—particularly on imports like electronics,
The digital age has brought incredible advancements to businesses, but it has also complicated tax compliance, particularly when it comes
A use tax audit is a review of a business’s compliance with use tax laws. It can be a daunting
Understanding Sales and Use Taxes Sales tax and use tax are both taxes imposed on the sale or use of
As eCommerce continues to grow, so does the complexity of state and local tax compliance. One of the most important considerations for online sellers is determining which states they are required to collect and remit sales tax. This begins with understanding how to determine sales tax nexus, a critical step
Which States Have the Most Complex Sales Tax Laws? The sales tax landscape in the United States presents a maze of regulations that can differ dramatically from one state to another. Recognizing which states have the most complex sales tax laws is crucial for both businesses and individuals, as these
The Inventory Price Index Computation (IPIC) LIFO method is a specialized approach to the Last-In, First-Out (LIFO) inventory valuation method.
Recent tariffs imposed by the Trump administration have reintroduced import taxes on a wide range of goods. While the goal
With overall inflation around 3% for 2024 and prices on the rise for 2025, now is a good time to
The Inventory Price Index Computation (IPIC) LIFO method is a specialized approach to the Last-In, First-Out (LIFO) inventory valuation method. It was developed by the Treasury Department to help businesses simplify LIFO calculations while still complying with IRS requirements under the Internal Revenue Code. Unlike traditional LIFO methods that require
Recent tariffs imposed by the Trump administration have reintroduced import taxes on a wide range of goods. While the goal is aimed at bolstering domestic manufacturing, the tariffs come with side effects that ripple through the economy, including increased prices that affect manufacturers, distributors, and retailers. For businesses that rely
Understanding Section 174 and Its Impact Section 174 of the Internal Revenue Code governs the treatment of Specified Research or
What is Section 174? Section 174 of the Internal Revenue Code now defines the treatment of Specified Research or Experimental
Section 174 Changes Impact R&D Tax Credits for Software The new changes to Section 174 have a significant impact on
Understanding Section 174 and Its Impact Section 174 of the Internal Revenue Code governs the treatment of Specified Research or Experimental (SRE) expenditures. The Tax Cuts and Jobs Act (TCJA) of 2017 amended Section 174, requiring businesses to amortize SRE expenditures over time rather than deducting them in full in
What is Section 174? Section 174 of the Internal Revenue Code now defines the treatment of Specified Research or Experimental (SRE) expenditures. Section 174 was amended by the Tax Cuts and Jobs Act of 2017 to require amortization of SRE expenditures paid or incurred for tax years beginning after December
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