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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

R&D

R&D Tax Credits for Software Development

Companies who develop software for sale or use by customers or third parties, or for operating equipment or products, or

Alex Pak January 21, 2021

R&D

Another Source of Cash From Government Tax

Many small and midsize businesses affected by COVID-19 are struggling to maintain their cashflow, operational capabilities, and internal research and

Source Advisors January 21, 2021

R&D

What is the R&D Tax Credit Carryforward Period?

The R&D Tax Credit Carryforward Rules When it comes to claiming R&D Tax Credits, many taxpayers are unaware of the rules

Rachel Bishop, CPA January 21, 2021

R&D

Are R&D Tax Credits Refundable or Recoverable?

The R&D Tax Credit is not refundable; however, unused credits can still provide a cash windfall. A commonly asked question:

Rachel Bishop, CPA January 21, 2021

R&D

R&D Tax Credits now Provide Payroll Tax Relief

Without question, one of the major highlights of the recently enacted PATH Act of 2015 is the provision making the R&D

Deb Roth, CPA January 21, 2021

R&D

New Opportunity for Life Sciences & Biotech Companies to Benefit from the R&D Tax Credit

It’s common knowledge that Life Science companies spend millions of dollars on research activities but did you know that many

Deb Roth, CPA January 21, 2021

R&D

The IRS 4-Part Test for R&D Tax Credits Explained

The R&D 4-Part Test Imagine the 4-part test as a sturdy bridge connecting your R&D activities to tax credit rewards. Each part acts as a pillar, ensuring your project meets the eligibility criteria: Permitted Purpose – What Problem Are You Solving?The core of your R&D activity must be to develop

Alex Pak March 1, 2024

4 Mistakes You Might Be Making on Your R&D Tax Credit Claim

Are you making the most of your R&D tax credit claim? Here are four common mistakes that businesses often make when it comes to claiming their R&D tax credits. 1. Documentation Deficit: Leaving Money on the Table Robust documentation is the backbone of a successful claim. Keep detailed records of

Rachel Bishop, CPA February 13, 2024

Cost Segregation

Cost Seg

When Should a Cost Segregation Study be Performed?

There are several situations where a cost segregation study should be performed. A cost segregation study should be performed immediately after construction or acquisition or following major capital improvements (including leasehold improvements). The study can also be performed after a change in ownership, including inherited property and change in partnership

Raul Soto July 28, 2020

Cost Seg

Identifying a Quality Cost Segregation Study

What is Cost Segregation? Cost segregation is a highly beneficial and widely accepted tax compliance strategy utilized by commercial real estate owners and tenants to accelerate depreciation deductions, defer tax, and improve cash flow. Once used only by large accounting firms type accounting firms and the nation’s largest real estate owners,

John Gail July 26, 2020

Energy

Sales & Use Tax

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 ability to tax remote sellers through economic and marketplace nexus rules. However, as a result of the South Dakota v. Wayfair, sales tax has worked its way to the top

Chris Vignone February 21, 2024

Sales & Use Tax

Utility Studies for Sales and Use Tax Exemptions

While specific exemptions vary from state to state most manufacturers are aware that all states offer some type of sales & use tax exemptions for having operations located within their state. Manufacturers always capture all of the savings pertaining to sales tax exemptions on raw materials, machinery and equipment, but

Kamal Shah, CPA February 19, 2024