Act Now to Take Advantage of the PATH Act’s Generous Bonus Depreciation Allowance

Business taxpayers had many reasons to celebrate the enactment of the Protecting Americans from Tax Hikes (PATH) Act in December 2015.  In addition to making the Research and Development (R&D) Credit permanent, extending the Work Opportunity Tax Credit (WOTC) through 2019, and renewing the §179D deduction through 2016, the Act made permanent a maximum §179 [...]

By |2016-03-23T08:58:44-07:00March 23rd, 2016|Uncategorized|Comments Off on Act Now to Take Advantage of the PATH Act’s Generous Bonus Depreciation Allowance

IRS Offers Guidance and Transition Relief on the Work Opportunity Tax Credit (WOTC)

On March 7, the IRS issued Notice 2016-22 providing further guidance on some of the changes made to WOTC under the Protecting Americans from Tax Hikes (PATH) Act of 2015.  The Notice also extended the deadline for requesting certification of qualifying new hires as a form of transition relief for businesses. The Work Opportunity Tax [...]

By |2016-03-18T08:34:59-07:00March 18th, 2016|Uncategorized|Comments Off on IRS Offers Guidance and Transition Relief on the Work Opportunity Tax Credit (WOTC)

Facing a Higher Minimum Wage? Stabilize Your Hotel’s Bottom Line with Tax Savings

When faced with rising operating costs, what can hotels do to maintain a stable profit margin without impairing the guest experience?  In various cities across the country, hotels are seeking to solve this dilemma as they are subjected to escalating minimum wage rates. The nationwide push for low-wage workers to secure better pay is intensifying, [...]

By |2016-03-03T06:58:20-07:00March 3rd, 2016|Uncategorized|Comments Off on Facing a Higher Minimum Wage? Stabilize Your Hotel’s Bottom Line with Tax Savings