Deducting research and development (R&D) expenditures now looks different for companies, due to changes to Section 174 of the Internal Revenue Code. These changes were enacted as part of 2017’s…
Recent Insights
How to Recession Proof Your Franchise
Run a Stress Test to Gauge Your Franchise’s Financial Resiliency The drumbeat of recession is getting louder every day. According to a recent article in The Wall Street Journal, two-thirds…
The Return of the State Small Business Credit Initiative
Did you know that a federal small business credit initiative is once again available to local entrepreneurs? The State Small Business Credit Initiative (SSBCI) Program, administered by the U.S. Department…
SECURE Act 2.0 Key Highlights for Retirement Savers
The 2023 Consolidated Appropriations Act (CAA), which President Biden signed on December 29, 2022, contains a multitude of laws and legislative provisions. From a retirement saving perspective, the CAA’s biggest…
Tax Alert: IRS Widens Exemption for 2022 International Filings with New Schedule K-2 and K-3 Instructions
On December 2, 2022, the IRS issued new draft instructions for both Schedule K-2 and K-3 related to 2022 tax year compliance. These new instructions, which are an update to…