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Explore our extensive library of tax resources put together by our industry thought leaders.

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Explore our extensive library of tax resources put together by our industry thought leaders.
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Featured Blogs

Featured Blogs

person working on sales tax nexus on laptop

AI Token and Cloud Computing Costs as Qualified R&D Expenses

Alex Velazquez August 13, 2026

Artificial intelligence has become an increasingly important component of software development, quantitative research, modeling, and technology innovation across the financial services industry. Hedge funds, proprietary trading firms, asset managers, and fintech companies are integrating AI into various core R&D processes. These include coding acceleration, model enhancement, large-volume data analysis, test automation, and software improvement. Rather than replacing traditional research efforts,

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person working on sales tax nexus on laptop
R&D
Alex Velazquez

AI Token and Cloud Computing Costs as Qualified R&D Expenses

Artificial intelligence has become an increasingly important component of software development, quantitative research, modeling, and technology innovation across the financial services industry. Hedge funds, proprietary trading firms, asset managers, and fintech companies are integrating AI into various core R&D processes. These include coding acceleration, model enhancement, large-volume data analysis, test

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Alex Velazquez August 13, 2026
cost segregation real estate buildings
Cost Seg
Greg Bryant

How Cost Segregation Studies Work

Are You Looking to Free Up Capital for Your Company?  Cost Segregation studies might be the solution you need.  By accelerating the depreciation of tangible personal property (§1245), land improvements, and Qualified Improvement Property (QIP) as well as identifying various expensing opportunities associated with commercial and residential properties, a Cost

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Greg Bryant August 5, 2026

R&D

person working on sales tax nexus on laptop
R&D
Alex Velazquez

AI Token and Cloud Computing Costs as Qualified R&D Expenses

Artificial intelligence has become an increasingly important component of software development, quantitative research, modeling, and technology innovation across the financial services industry. Hedge funds, proprietary trading firms, asset managers, and fintech companies are integrating AI into various core R&D processes. These include coding acceleration, model enhancement, large-volume data analysis, test

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Alex Velazquez August 13, 2026
payroll tax credit paper work
R&D
Source Advisors

R&D Tax Credit Documentation Requirements

The Research & Development (R&D) Tax Credit can provide valuable tax savings for businesses investing in innovation. However, qualifying activities alone are not enough to secure the credit. Companies must also maintain adequate documentation to support their claim and demonstrate compliance with IRS requirements. As IRS scrutiny of R&D tax

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Source Advisors May 24, 2026

Cost Segregation

cost segregation real estate buildings
Cost Seg
Greg Bryant

How Cost Segregation Studies Work

Are You Looking to Free Up Capital for Your Company?  Cost Segregation studies might be the solution you need.  By accelerating the depreciation of tangible personal property (§1245), land improvements, and Qualified Improvement Property (QIP) as well as identifying various expensing opportunities associated with commercial and residential properties, a Cost

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Greg Bryant August 5, 2026
payroll tax credit paper work
Cost Seg
Source Advisors

100% Bonus Depreciation is Back. Is Your Project Eligible?

100% Bonus Depreciation is Back. Is Your Project Eligible? The permanent return of 100% bonus depreciation creates a significant opportunity to improve cash flow on new construction and renovation projects. Even if your project started before January 19, 2025, you may still qualify through the component election, allowing eligible portions

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Source Advisors July 22, 2026

Energy

Solar Energy
179D
Imran Syed

How is 179D Calculated?  

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

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Imran Syed September 5, 2024
Person filling out form 8908 at desk
45L
Imran Syed

Form 8908: Instructions Regarding Prevailing Wages

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

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Imran Syed June 14, 2024

Sales & Use Tax

washington business people working at table with laptop
Sales & Use Tax
Kamal Shah, CPA

What is a Reverse Sales & Use Tax Audit?

A Reverse Sales & Use Tax Audit (RSUTA) is a structured review of prior period purchase activity designed to identify and recover Sales & Use Tax overpayments as opposed to the traditional focus on underpayments in state audits. Whereas State initiated audits are aimed at detecting underpayments and assessing additional

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Kamal Shah, CPA April 16, 2026
washington business people working at table with laptop
Sales & Use Tax
Jaclyn Harris

What is Washington Business & Occupational (B&O) Tax?

Washington Business & Occupation (B&O) Tax is a tax imposed by the state of Washington on the privilege of doing business within the state. It is a tax on gross receipts, regardless of profit, and is based on the type of business activity being conducted. The tax is imposed on

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Jaclyn Harris January 14, 2026

LIFO

Room full of boxes eligible for LIFO
LIFO
Sara Richardson

IPIC LIFO Overview 

The Inventory Price Index Computation (IPIC) LIFO method is a specialized approach to the Last-In, First-Out (LIFO) inventory valuation method.

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Sara Richardson August 27, 2025
Room full of boxes eligible for LIFO
LIFO
Sara Richardson

IPIC LIFO Overview 

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

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Sara Richardson August 27, 2025
boxes in warehouse for lifo
LIFO
Sara Richardson

How Tariffs & Inflation Reinforce the Value of LIFO

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

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Sara Richardson May 5, 2025

Section 174

person working with floating 174 expenditure bar graph
Section 174
Deb Roth, CPA

Section 174 Explained

What is Section 174? Section 174 of the Internal Revenue Code now defines the treatment of Specified Research or Experimental

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Deb Roth, CPA June 4, 2024
working as a team
Section 174
Jordan Fazio

Educating Clients on Section 174: A Guide for CPAs 

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

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Jordan Fazio February 26, 2025
person working with floating 174 expenditure bar graph
Section 174
Deb Roth, CPA

Section 174 Explained

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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Deb Roth, CPA June 4, 2024

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