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

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Blogs

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

Featured Blogs

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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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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R&D

person using laptop for research and development
R&D
Deb Roth, CPA

What is Research & Development?

Many industries invest in research and development to drive innovation and maintain a competitive edge within their respective markets. By investing in this credit, businesses can increase their cash flow and reduce their tax rate, thus opening opportunities to further invest in advancements within their industry. Some of the common

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R&D tax credit challenges man walking wire above alligators
R&D
Rachel Bishop, CPA

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 offers a dollar-for-dollar reduction on federal taxes for qualified expenses related to developing new or improved products, processes, software, technique, formula, or invention. Although claiming this credit can offer considerable

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Cost Segregation

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Cost Seg
Brian Coddington

Hotels and Cost Segregation

What is Cost Segregation? Cost segregation is a highly beneficial and widely accepted tax compliance strategy utilized by commercial real estate

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Cost Seg
Raul Soto

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 studies are a great financial strategy that helps property owners accelerate depreciation and can provide valuable data that supports tax-related initiatives throughout the property’s holding period.  Apartment buildings or short-term

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Cost Seg
Greg Bryant

Tangible Property Regulation Studies

What is a TPR (Tangible Property Regulation) study? A Tangible Property Regulation (TPR) study is an analysis that examines a company’s compliance with the Tangible Property Regulations. In this context, tangible property refers to real property such as land and improvements to land (e.g., site improvements and buildings), as well

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Energy

person reviewing franchise tax papers on desk
179D
Imran Syed

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

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45L
Imran Syed

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.

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Sales & Use Tax

state and local credits
Sales & Use Tax
Chris Vignone

Sales Tax Nexus Explained

For businesses operating across state lines, understanding the concept of sales tax nexus is critical. It’s the determining factor on

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person looking at laptop with magnifying glass
Sales & Use Tax
Chris Vignone

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 process, but with proper preparation, its impact can be minimized. What is a Use Tax Audit? Use taxes are imposed on the storage, use, or consumption of tangible goods purchased

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woman using phone with money signs floating above
Sales & Use Tax
Benjamin Kluwgant

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 tangible goods within a state or municipality. While they are similar in nature, it is important to understand the key distinctions between the two. Definitions: Sales Tax: A sales tax

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LIFO

LIFO
Source Advisors

How Inflation Drives LIFO

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

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boxes in warehouse for lifo
LIFO
Sara Richardson

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 consistently for both tax reporting and financial statement reporting. In other words, if a company chooses LIFO for tax purposes to reduce taxable income, it must also use LIFO when

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fully stocked warehouse for LIFO
LIFO
Sara Richardson

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 unsold goods at the close of an accounting period and plays a critical role in calculating the cost of goods sold (COGS) and the gross profit for the period. The

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Section 174

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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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