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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

Unlocking New Potential: How the “One Big Beautiful Bill” Transforms LIHTC

Imran Syed June 16, 2025

The Low-Income Housing Tax Credit (LIHTC) has long been a cornerstone for financing affordable housing—but the new One Big Beautiful Bill (OBBB), introduced in May 2025, is shaking things up in a big way. Whether you’re a developer, investor, or funder, these updates offer major new opportunities to get projects off the ground faster, qualify more easily, and maximize return.

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sales tax consulting
Sales & Use Tax
Kamal Shah, CPA

Which States Have the Most Complex Sales Tax Laws?

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

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Kamal Shah, CPA June 13, 2025

R&D

man reviewing 481a adjustment papers with pen
R&D
Matt McKinney

IRC 481 (a) Adjustment For Changes in Accounting Methods

What is a 481(a) Adjustment? A change in method of accounting requires restatement of the tax accounts on the first day of the year of change as if the taxpayer had always used the new method of accounting. A mismatch between the old and new method of accounting will have

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Matt McKinney April 7, 2025
person using laptop for research and development
R&D
Riz Malik

The Three Types of Research and Development 

Research and Development (R&D) is a vital component of innovation and technological advancement that involves the creation of new knowledge and applications of that knowledge to develop new products, processes, or services. There are three primary types of R&D: 1. Basic Research Seeks to discover new facts or principles, often

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Riz Malik October 1, 2024

Cost Segregation
Cost Seg
Raul Soto

Qualified Professionals for Cost Segregation

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

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Raul Soto May 18, 2025

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

sales tax consulting
Sales & Use Tax
Kamal Shah, CPA

Which States Have the Most Complex Sales Tax Laws?

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

Read More »
Kamal Shah, CPA June 13, 2025
sales tax consulting
Sales & Use Tax
Kamal Shah, CPA

How New Tariffs Impact Sales & Use Tax for Multi-State Businesses

What CPAs and Taxpayers Need to Know As new tariffs from the Trump administration take effect—particularly on imports like electronics, industrial goods, and apparel—many businesses and advisors are asking a key question: How do tariffs affect sales and use tax obligations for companies operating in multiple states? While tariffs themselves

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Kamal Shah, CPA April 16, 2025

LIFO

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
sales tax consulting
LIFO
Sara Richardson

How Inflation Equals LIFO Opportunities for 2024 Tax Year

With overall inflation around 3% for 2024 and prices on the rise for 2025, now is a good time to consider a Last-In-First-Out (LIFO) election if you carry inventory. Even if you are already on LIFO, analyzing the IPIC LIFO method for 2024 could be a great opportunity. IPIC LIFO

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Sara Richardson April 30, 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
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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