News & Insights
Navigating IRA Elective Pay for Nonprofits and Governmental Entities
March 20th, 2025
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By Christopher Young |
Tax |
Tax Credits
The 2022 Inflation Reduction Act (IRA) opened new opportunities in tax credits. Nonprofits and governmental entities can now use certain tax credits even though they might not be liable for […]
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Ways to Manage the Limit on the Business Interest Expense Deduction
March 5th, 2025
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Business Tax Services |
Tax |
Tax Credits
Prior to the enactment of the Tax Cuts and Jobs Act (TCJA), businesses were able to claim a tax deduction for most business-related interest expense. The TCJA created Section 163(j), […]
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IRS Workforce Reduction Likely to Have Adverse Consequences for Taxpayers
March 4th, 2025
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Business Tax Services |
Tax |
Tax Credits
The federal government on February 19 announced the layoff of many IRS “probationary” employees (those who have worked at the IRS for fewer than 12 months or who have been […]
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Bonus Depreciation is Phasing Out: Learn How These Changes are Taking Effect and How Section 179 Can Help
February 28th, 2025
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By Matt Latham |
Business Tax Services |
Tax |
Tax Credits
In 2002, Bonus Deprecation first went into effect, serving as a groundbreaking new tax policy. Instead of traditionally spreading out deprecation over an asset’s useful life, businesses now had the […]
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Inflation Reduction Act (IRA) Energy Credits for Affordable Housing
February 7th, 2025
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By Christopher Young |
Tax |
Tax Credits
The Inflation Reduction Act (IRA) opened opportunities for businesses and entities to use tax credits to subsidize the purchase and implementation of renewable energy property. The affordable housing sector received […]