Businesses of all sizes and industries can reduce federal income taxes for qualified research expenses

For companies that own commercial real estate, multifamily housing, or tenant improvements

Offset the costs associated with building energy efficient properties with these tax credits

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Federal Tax Credit for Renewable Energy Projects

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Our Latest Insights

A CPA’s Basic Guide to SALT Requirements

Benjamin Kluwgant January 22, 2024

State and local taxes affect every business in Illinois in one way or another. To ensure their clients remain tax

LIFO vs. FIFO: Choosing the Right Inventory Identification Method

Karen Koch, CPA, MT March 4, 2024

Inventory identification is a crucial aspect of managing a company’s finances. It impacts your cost of goods sold (COGS), profitability,

IRS Announcement 2024-24: Updated Reference Standard 90.1 for § 179D

Imran Syed May 20, 2024

IRS Announcement 2024-24: Updated Reference Standard 90.1 for § 179D Announcement 2024-24 refers to the upcoming updates that will align

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Businesses of all sizes and industries can reduce federal income taxes for qualified research expenses

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Blogs

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

Featured Blogs

person using laptop for research and development

The Three Types of Research and Development

Riz Malik October 1, 2024

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 exploratory and theoretical Studying the properties of a new material  Investigating the behavior of a biological process  Exploring the fundamental laws of physics  Businesses that conduct basic research for aerospace,

R&D

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

Riz Malik October 1, 2024

SALT

A CPA’s Basic Guide to SALT Requirements

State and local taxes affect every business in Illinois in one way or another. To ensure their clients remain tax

Benjamin Kluwgant January 22, 2024

Cost Seg

The When and Why of Cost Segregation Studies

What are the Benefits of a Cost Segregation Study? There are a number of benefits associated with a Cost Segregation

Patrick Esteban January 12, 2024

Cost Seg

Qualified Professionals for Cost Segregation

Who Can Perform a Cost Segregation Study? When it comes to performing a cost segregation study, choosing the right provider

Greg Bryant January 10, 2024

R&D

What is Research & Development?

Many industries invest in research and development to drive innovation and maintain a competitive edge within their respective markets. By

Deb Roth, CPA July 18, 2024

R&D tax credit challenges man walking wire above alligators

R&D

Common Challenges When Claiming R&D Tax Credits

The R&D tax credit is a governmental incentive designed to encourage research and development activities in the US. This credit

Rachel Bishop, CPA July 11, 2024

person choosing a 5-star R&D provider on their laptop

R&D

Is Your Research & Development (R&D) Provider the Right Fit for You?

The Research & Development (R&D) tax credit enables companies of all sizes across various industries to reduce their federal income

Deb Roth, CPA June 21, 2024

R&D

Understanding the Alternative Simplified Credit Calculation for R&D

The Research and Development (R&D) Tax Credit is a valuable incentive offered by the US government to encourage innovation. However,

Rachel Bishop, CPA April 12, 2024

R&D

R&D Payroll Tax Credit

The Research and Development payroll tax credit, also known as the R&D payroll tax credit is a tax incentive designed

Deb Roth, CPA April 1, 2024

45L

How Does a Tax Credit Work? Federal Tax Credits Explained

What are Federal Tax Credits? Tax season can be a daunting time, filled with forms, calculations, and the question: am

Brian Coddington March 11, 2024

Cost Segregation

Cost Seg

Cost Segregation for Residential Real Estate  

Tailored Solutions for Residential Real Estate Owners  Several tax incentives could financially benefit owners of residential real estate. Cost segregation

Raul Soto August 26, 2024

Cost Seg

Tangible Property Regulation Studies

What is a TPR (Tangible Property Regulation) study? A Tangible Property Regulation (TPR) study is an analysis that examines a

Greg Bryant April 26, 2024

Cost Seg

Cost Segregation for Short Term Rentals

As a short-term rental property owner, maximizing your tax savings is essential for the success of your investment. One effective

Patrick Esteban February 28, 2024

Cost Seg

Don’t Hire a Cost Segregation Provider Until You Ask These 10 Questions

Top 10 Questions to Ask a Cost Segregation Provider Before Working with Them Navigating the complexities of tax planning can

Brian Coddington September 17, 2023

Cost Seg

The Life Cycle of Real Estate

It’s not a “one size fits all” approach. We make it a point of understanding our clients’ needs – not

Greg Bryant May 11, 2023

Cost Seg

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

Greg Bryant May 9, 2023

Energy

179D

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

Imran Syed September 5, 2024

45L

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

Imran Syed June 14, 2024

person reviewing franchise tax papers on desk

179D

Impact of the Inflation Reduction Act on EPACT Section 179 Tax Deduction

In August of 2022, The Inflation Reduction Act was signed into law which made significant changes to the Energy Policy

Imran Syed May 21, 2024

179D

State & Local Tax

SALT

Understanding Franchise Tax: A Simple Explanation

What Is Franchise Tax? It’s essential to differentiate between franchise tax and income tax. While income tax is based on

Chris Vignone May 8, 2024

SALT

How State and Local Taxes Can Affect Your Business’s Exit Strategy

Exit strategies for a company involve planning and execution on various fronts, including handling state and local taxes. These strategies

Chris Vignone April 25, 2024

SALT

Understanding Sales and Use Tax Audits

Sales and use taxes are the lifeblood of many state and local governments. But for businesses, navigating the complexities of

Chris Vignone April 10, 2024

SALT

You Received a Sales & Use Tax Audit Notice. What Do You Do Now?

Sales & use tax audit notices are never a great letter to receive in the mail. But, by following the

Benjamin Kluwgant April 5, 2024

SALT

Refund of Tax Paid on Software Purchases

Refund of Tax Paid on Software Purchases by Companies Located Illinois, Massachusetts, New York, Pennsylvania, Washington or Utah The multiple

Kamal Shah, CPA March 13, 2024

SALT

Sales Tax Due Diligence in a Post Wayfair World

Over the past five years, sales tax awareness has increased amongst the private equity world as states have expanded their

Chris Vignone February 21, 2024

LIFO

Last In, First Out (LIFO) Inventory Method: Pros and Cons

Inventory valuation is an accounting process used by companies to assign value to their inventory. It determines the cost of

Sara Richardson May 30, 2024

LIFO

Can LIFO Still Provide Tax Savings in 2023?

While inflation is not at the high levels seen in the last couple of years, if you haven’t elected LIFO

Sara Richardson December 15, 2023

LIFO

How Inflation Drives LIFO

Understanding LIFO as an effective mitigation strategy for inflation is an economic challenge that significantly impacts a wide range of

Source Advisors April 13, 2021

Employee Retention Credit

Section 174

person working with floating 174 expenditure bar graph

Section 174

Section 174 Explained

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

Deb Roth, CPA June 4, 2024

Section 174

Offsetting Section 174 R&E Software Development Tax Liability With R&D Tax Credits

Section 174 Changes Impact R&D Tax Credits for Software The new changes to Section 174 have a significant impact on

Deb Roth, CPA April 16, 2023

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