About theadmin

This author has not yet filled in any details.
So far theadmin has created 75 blog entries.

Newly Expanded R&D Credit Offers Savings for Start-ups

While large companies enjoy substantially reduced tax burdens each year through the Research and Development (R&D) Tax Credit, many smaller and newly launched businesses routinely miss the opportunity to save. Start-ups in particular have traditionally faced formidable barriers to claiming the credit.  Fortunately, the Protecting Americans from Tax Hikes (PATH) Act of 2015 made the [...]

By |2016-05-18T06:39:40-07:00May 18th, 2016|Uncategorized|Comments Off on Newly Expanded R&D Credit Offers Savings for Start-ups

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

Minimum Wage Rates are Escalating: WOTC Can Help to Defray Expenses

With laws and regulations constantly changing, businesses must always be vigilant about the impact that these requirements may have on their operations.  Laws dictating minimum wage rates are particularly important to businesses, as the cost of paying employees is a major factor in formulating budgets and estimating profits.   This year, numerous businesses in the US can [...]

By |2016-02-26T07:35:45-07:00February 26th, 2016|Uncategorized|Comments Off on Minimum Wage Rates are Escalating: WOTC Can Help to Defray Expenses

The R&D Credit is Here to Stay — Act Now to Maximize Tax Savings!

Thanks to the Protecting Americans from Tax Hikes (PATH) Act, the Research and Development (R&D) Credit is now a permanent part of the tax code and is available to a broader group of business taxpayers than it had been in the past.  Signed into law on December 18, 2015, the PATH Act ended the previous [...]

By |2017-03-30T16:13:47-07:00January 22nd, 2016|Uncategorized|Comments Off on The R&D Credit is Here to Stay — Act Now to Maximize Tax Savings!

Clarification on the Standards for §179D

The recently enacted Protecting Americans from Tax Hikes (PATH) Act extended the §179D deduction for energy-efficient commercial buildings through the end of 2016 and retroactively renewed it for projects completed during 2015.  Section 179D provides a deduction of up to $1.80 per square foot when energy efficiency measures are implemented in new or existing commercial [...]

By |2017-03-30T16:14:40-07:00January 22nd, 2016|Uncategorized|Comments Off on Clarification on the Standards for §179D

How to Apply §179D Under the New PATH Act

Following the renewal of the §179D deduction as part of the Protecting Americans from Tax Hikes (PATH) Act, which was signed into law on December 18, 2015, tax professionals were anticipating guidance from the IRS regarding the specific stipulations of the deduction under the new law.  However, citing budget constraints, the IRS has stated that [...]

By |2017-03-30T16:15:38-07:00January 5th, 2016|Uncategorized|Comments Off on How to Apply §179D Under the New PATH Act

In a Triumph for Taxpayers, President Obama Signs Major Tax Extender Deal

Update: President Obama has signed into law the Protecting Americans from Tax Hikes Act, renewing tax extenders like the §179D deduction and the Work Opportunity Tax Credit and making the Research and Development Credit a permanent part of the tax code. Following weeks of Congressional debate, President Obama has signed into law a bill that [...]

By |2015-12-21T23:54:35-07:00December 18th, 2015|Uncategorized|Comments Off on In a Triumph for Taxpayers, President Obama Signs Major Tax Extender Deal

Boost Your End-of-the-Year Net Profit with Tax Incentives

With the end of the year looming on the not-so-distant horizon, businesses should be taking the time to review opportunities to boost their bottom lines through tax savings.  At some point before December 31, Congress will vote on whether to renew a set of popular tax provisions, collectively known as tax extenders.  The tax extenders [...]

By |2015-12-09T16:35:23-07:00December 7th, 2015|Uncategorized|Comments Off on Boost Your End-of-the-Year Net Profit with Tax Incentives
Go to Top