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What Is a QAP? Understanding Qualified Allocation Plans and LIHTC

Safa Bari September 24, 2026

What Is a QAP? Understanding Qualified Allocation Plans and LIHTC A Qualified Allocation Plan (QAP) is the framework a state housing agency uses to establish priorities and criteria for awarding Low-Income Housing Tax Credits (LIHTC) to affordable housing developments. Because demand for LIHTC funding often exceeds the amount of credits available, the QAP plays an important role in determining which

Energy Tax Incentive

What Is a QAP? Understanding Qualified Allocation Plans and LIHTC

Safa Bari September 24, 2026

Cost Seg

Overview of Form 3115: What Business Owners Need to Know About Changing Your Accounting Method

Overview of Form 3115: What Business Owners Need to Know About Changing Your Accounting Method Form 3115, Application for Change in Accounting Method, is the IRS form businesses file to request or report a change in how they recognize income or expenses for tax purposes — such as switching from

Matt McKinney September 15, 2026

Energy Tax Incentive

What Is a QAP? Understanding Qualified Allocation Plans and LIHTC

What Is a QAP? Understanding Qualified Allocation Plans and LIHTC A Qualified Allocation Plan (QAP) is the framework a state

Safa Bari September 24, 2026

Cost Seg

Overview of Form 3115: What Business Owners Need to Know About Changing Your Accounting Method

Overview of Form 3115: What Business Owners Need to Know About Changing Your Accounting Method Form 3115, Application for Change

Matt McKinney September 15, 2026

washington business people working at table with laptop

Sales & Use Tax

The Same Digital Service, Different Tax Result:Why State-by-State Taxability Reviews Matter in 2026

Digital products and technology services continue to blur the traditional line between taxable property and nontaxable services. For multistate businesses,

Deborah Dingess September 14, 2026

R&D

Can the R&D Tax Credit be Used to Offset the Alternative Minimum Tax?

The Protecting Americans from Tax Hikes (PATH) Act of 2015 includes provisions that allow certain taxpayers to offset their AMT

Alex Pak November 13, 2021

R&D

How does the R&D Tax Credit’s “Startup Provision” Work?

R&D Tax Credit Startup Activities and Industries With the expansion of the Research and Development Tax Credit over the years, more

Alex Pak November 13, 2021

R&D

How has the R&D Tax Credit Expanded Over the Years?

Governments typically incentivize private industry to produce research and development (R&D) as a strategic tool to advance their economies. Initially

Deb Roth, CPA November 13, 2021

R&D

How do you Calculate R&D Tax Credit Expenses?

How to Calculate R&D Tax Credits There are two general methods for computing the Research and Development Tax Credit, the

Alex Pak November 12, 2021

R&D

Food Manufacturers Benefit From R&D Tax Incentives

During the holiday season, many of us end up at a holiday party or two, celebrating with friends, family, and

Alex Pak January 25, 2021

Impact of the Tax Cuts and Jobs Act on R&D Tax Credits

The largest and most complex tax cut in U.S. history, the Tax Cuts and Jobs Act (TCJA), has left American

Deb Roth, CPA January 23, 2021

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 tax for qualified research expenses. Claiming this credit can potentially result in significant cost savings and an increase in cash flow, making it highly beneficial for startup and existing companies.

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, calculating this credit can involve complex formulas and historical data analysis. This is where the Alternative Simplified Credit (ASC) method comes in, offering a streamlined approach for qualifying businesses. Traditional

Rachel Bishop, CPA April 12, 2024

Cost Segregation

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 study and its various applications. To the extent you have taxable income, a study will help mitigate some or all of the tax liability for the current and possibly future

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 be overwhelming for businesses. One area that can offer significant tax savings is Cost Segregation. A well-executed Cost Segregation study can lead to accelerated depreciation deductions, allowing businesses to maximize

John Gail September 17, 2023

Energy

Sales & Use Tax

What is the New York State Telecommunications and Utility Services Tax?

The New York State Telecommunications and Utility Service Tax In New York, there is an excise tax that applies to

Kamal Shah, CPA January 27, 2023

Sales & Use Tax

Sales Tax Registration Requirements for Businesses

Sales Tax Registration for Businesses A business that is selling goods and services within a state must register with the

Chris Vignone January 24, 2023

Sales & Use Tax

What is New York City’s Commercial Rent Tax?

What is New York City’s Commercial Rent Tax? The Commercial Rent Tax (CRT) is a tax imposed on businesses that

Kamal Shah, CPA January 20, 2023

Sales & Use Tax

Sales Tax Voluntary Disclosure Agreements

What is a sales tax voluntary Disclosure Agreement (VDA)? A sales tax voluntary disclosure agreement (VDA) is a program offered

Chris Vignone January 18, 2023

California Legislature paperwork and calculator

Sales & Use Tax

Sales Tax Refund Claims: What You Need to Know

If you have paid sales tax in error or have paid more sales tax than you owe, you may be

George Messropian January 10, 2023

What Happens If You Don’t Collect or Remit Sales Tax?

Over the past four years, the sales tax landscape in the United States has changed significantly. The introduction of economic nexus –

Chris Vignone March 23, 2022

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 are crucial for minimizing tax liabilities and ensuring compliance with legal requirements. Here are three short steps for formulating an exit strategy with a focus on state and local taxes:

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 sales tax compliance and facing a potential audit can be stressful. This blog aims to shed light on what sales and use tax audits are and how to prepare for

Chris Vignone April 10, 2024