Section 174 Research Deduction Changes for 2022
Have you been deducting your R&D expenses as they occur? Starting in the new year, that…
Read this Insight...Can I Claim a Home Office Deduction During COVID?
Many of us have rearranged, redecorated, or reimagined our homes to convert them into office spaces…
Read this Insight...Tax Tips for Law Firms
Whether you’re a partner or an associate in a law firm, the IRS has rules that…
Read this Insight...Tax Deductions from Land Donations Under Scrutiny
The IRS announced that they will be keeping a watchful eye on certain land donation deals…
Read this Insight...CA, You’re Not Alone – Treasury Bans All SALT Deduction Workarounds
The Treasury Department and the IRS recently issued final regulations blocking all states from trying to…
Read this Insight...IRS Released Safe Harbor Guidance for Vehicle Deductions
The IRS recently released a safe harbor method that harmonizes 100% bonus depreciation with the annual…
Read this Insight...Teach Them Young – How to Leverage Summer Job Salaries
If you want to teach your child the value of a dollar this summer, take a…
Read this Insight...New Bill Delays Three Taxes
The president signed a “continuing resolution” on January 22, delaying three health-related taxes: the medical device…
Read this Insight...New Option for Claiming Research Credit
The IRS recently provided interim guidance to qualified small businesses on a new option for claiming…
Read this Insight...CA Partial Sales and Use Tax Exemption
As a way to encourage economic growth in California, a new tax law recently went into…
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