With the sunset of many of the Tax Cuts and Jobs Act provisions at the end of 2025, a much-anticipated tax and spending package was released by the House Ways…
Optimizing Section 174 R&D Capitalization for Construction Contractors
Since it was first enacted in 1954, IRC Section 174 has allowed for a deduction and potential cash savings for research and experimental (R&E) expenditures for a wide range of…
Beneficial Ownership Reporting is Back: What Does It Mean for Your Business?
Updates as of February 28, 2025: FinCEN will not issue penalties or fines for failure to report beneficial ownership information (BOI) by current deadlines. We anticipate receiving revised deadlines and…
Still on Hold (as of 1/23): Beneficial Ownership Reporting
Due to a second injunction by a Texas Judge, Beneficial Ownership Information (BOI) filing requirements remain on hold despite the Supreme Court’s stay on the initial injunction. The back-and-forth volleying…
Federal Disaster Tax Relief: New Opportunities for Taxpayers
On December 12, 2024, then-President Biden signed the Federal Disaster Tax Relief Act of 2023 into law, introducing significant tax relief measures for individuals and families impacted by disasters. This…
