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Unlocking Refunds and Mitigating Risk with a Use Tax Review

George Messropian August 24, 2026

What Is Consumer Use Tax? Consumer use tax is a complementary tax owed on taxable goods and services when the vendor does not collect sales tax at the time of purchase, commonly occurring with out-of-state vendors, online orders, or untaxed digital software. Why Consumer Use Tax Creates Audit Risk During an audit, state examiners routinely target expenses and fixed asset

LIFO

Unlocking Refunds and Mitigating Risk with a Use Tax Review

George Messropian August 24, 2026

LIFO

How to Choose the Right LIFO Advisor

For businesses with inventory, the Last-In, First-Out (LIFO) accounting method can provide substantial tax savings by matching current inventory costs against current revenue. During periods of inflation, those savings can translate into improved cash flow and lower tax liability. However, realizing the full value of LIFO depends on more than

Sara Richardson August 17, 2026

LIFO

Unlocking Refunds and Mitigating Risk with a Use Tax Review

What Is Consumer Use Tax? Consumer use tax is a complementary tax owed on taxable goods and services when the

George Messropian August 24, 2026

LIFO

How to Choose the Right LIFO Advisor

For businesses with inventory, the Last-In, First-Out (LIFO) accounting method can provide substantial tax savings by matching current inventory costs

Sara Richardson August 17, 2026

person working on sales tax nexus on laptop

R&D

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

Alex Velazquez August 13, 2026

R&D

man reviewing 481a adjustment papers with pen

R&D

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

Deb Roth, CPA April 7, 2025

person using laptop for research and development

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

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

The R&D 4-Part Test: How to Determine Eligibility for the Research & Development Tax Credit

The Research & Development (R&D) Tax Credit is one of the most valuable tax incentives available to businesses investing in innovation. However, not every project qualifies. To determine eligibility, the IRS applies a framework known as the R&D 4-Part Test under Internal Revenue Code (IRC) Section 41. Understanding how this

Source Advisors May 7, 2026

R&D

The R&D Four Part Test: What You Need to Know to Claim R&D Tax Credits

The Research & Development (R&D) tax credit can significantly reduce a company’s tax liability—but qualifying isn’t as simple as doing something “new.” The IRS applies an eligibility standard known as the R&D 4-Part Test to determine whether an activity qualifies for the credit under IRC §41. To help you or

Deb Roth, CPA November 11, 2025

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

man calculating tangible property regulation study

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

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

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

John Gail 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 Segregation Study Examples

What is Cost Segregation? A cost segregation study might be thought of as an interest free loan that frontloads the depreciation deductions a property would otherwise receive over 27.5 or 39 years. Cost segregation studies free up capital by accelerating the depreciation of § 1245 tangible personal property, land improvements, and

Raul Soto November 28, 2025

Cost Seg

A Guide to Real Estate Depreciation for Tax Purposes

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

Raul Soto July 17, 2025

Energy

45L

A&E Firms: Unlock Savings and Go Green with the 45L Tax Credit

The Architecture & Engineering (A&E) industry plays a crucial role in shaping sustainable communities. Did you know your firm’s commitment

Imran Syed March 28, 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

Matt McKinney March 11, 2024

179D

The IRA’s Impact on Your Real Estate Clients’ 2023 Tax Returns

The Inflation Reduction Act of 2022 brought changes to the §179D Energy Efficient Commercial Building Tax Deduction, a flagship federal

Benjamin Kluwgant January 19, 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 Act (EPAct) Section 179D tax deduction. The benefits and expansion of eligibility for energy-efficient commercial buildings were now enhanced, opening the door for companies who made energy-efficient upgrades to their

Imran Syed May 21, 2024

45L

A&E Firms: Unlock Savings and Go Green with the 45L Tax Credit

The Architecture & Engineering (A&E) industry plays a crucial role in shaping sustainable communities. Did you know your firm’s commitment to energy-efficient design can be rewarded with significant tax savings? The 45L tax credit offers a powerful incentive specifically for A&E firms working on residential projects that prioritize energy efficiency.

Imran Syed March 28, 2024

Sales & Use Tax

person looking at laptop with magnifying glass

Sales & Use Tax

Understanding Use Tax Audits

A use tax audit is a review of a business’s compliance with use tax laws. It can be a daunting

Chris Vignone November 5, 2024

woman using phone with money signs floating above

Sales & Use Tax

Sales Tax versus Use Tax: What is the Difference?

Understanding Sales and Use Taxes Sales tax and use tax are both taxes imposed on the sale or use of

Benjamin Kluwgant October 23, 2024

Sales & Use Tax

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

Sales & Use Tax

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

Sales & Use Tax

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

business women going through a stack of papers

Sales & Use Tax

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

Sales & Use Tax

5 Steps to Determine Sales Tax Nexus for an eCommerce Business

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

Kamal Shah, CPA July 17, 2025

Sales & Use Tax

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

Kamal Shah, CPA June 13, 2025

LIFO

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

Sara Richardson May 5, 2025

LIFO

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

Sara Richardson April 30, 2025

LIFO

What is the LIFO Conformity Rule?

The LIFO Conformity Rule is a tax regulation in the United States that mandates businesses to use the LIFO method

Sara Richardson February 24, 2025

LIFO

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

Sara Richardson August 27, 2025

LIFO

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

Sara Richardson May 5, 2025

Section 174

Section 174

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

Jordan Fazio February 26, 2025

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

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 software development costs. For tax year 2022, any cost that has been paid or incurred related to software development is now considered a Section 174 R&E expenditure. This means it

Deb Roth, CPA April 16, 2023

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