News & Blog

Employee Retention Credit

Can You Apply for an Employee Retention Credit After Receiving a Payment Protection Program Loan?

During the pandemic, employee retention became a widespread problem amongst businesses. Between 2020 and 2021, Congress passed legislation that assisted businesses during the financial downturn. Two of these benefits are the Payment Protection Program (PPP) and the Employee Retention Credit (ERC).    Although the ERC ended in September 2021, there is still an opportunity to claim this tax credit, even

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Employee Retention Credit

What is the Employee Retention Credit and How to Retroactively Claim it in 2022

What is the Employee Retention Credit?  The Employee Retention Credit (ERC) is a refundable tax credit that businesses can claim on qualified wages, including certain health insurance costs, paid to employees. This credit, passed under the CARES Act, encourages businesses to keep employees on their payroll. The refundable tax credit is 70% of up to $10,000 in wages paid by

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Opportunity Zoning

How to Maximize Tax Benefits with Cost Segregation

Cost segregation studies are the easiest way to unlock your capital by reducing and deferring income taxes. Combining this incentive with opportunity zoning can be a powerful tool with commercial and residential rental real estate.  Understanding Opportunity Zone Fund Investments The Tax Cuts and Jobs Acts of 2017 gave advantages to certain investments in lower-income areas through the Opportunity Zone

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real estate boom

How Builders Can Make the Most of the Current Real Estate Boom

If you looked at buying real estate in the past few months you can agree, that the market is not a buyer’s market. But with record low mortgages, it’s not a seller’s market either… The national house shortages have made a lot of people press pause on big purchases or life decisions, but the one industry taking advantage is builders.

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An,Accountant,Man,Holding,Pen,And,Using,Calculator for Taxes

How Technology Companies Can Claim the R&D Tax Credit

The R&D tax credit may be claimed by taxpaying businesses that develop, design, or improve products, processes, formulas, or software. Technology companies are constantly innovating and advancing, making them the perfect match for R&D tax credits. With the increase of technological advances, the number of companies that could benefit from the tax credit is continually increasing.    It’s important to calculate

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cost segregation study

When is the Best Time for a Cost Segregation Study?

If you have real estate or clients who own real estate, it’s important to know beneficial tax planning strategies to maximize your investments. One of the best tools to use is a cost segregation study!  What is a Cost Segregation Study?  Cost segregation studies are a strategic tax planning tool that is completed to maximize federal income tax depreciation deductions

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engineering firm

How Architectural and Engineering Firms Can Qualify for R&D Tax Credits

Are you missing out on potential tax credits? While the technology, pharmaceutical, and manufacturing industries are thought of as the typical research and development (R&D) tax credit recipients, however, architectural and engineering firms can qualify, too. Through everyday activities where they continuously develop new and improved designs, concepts, and processes. The more qualifying activities you are participating in, the higher

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ASHRAE Changes to 179D Tax Deduction

How to Navigate the Upcoming ASHRAE Changes to the 179D Tax Deduction

Climate change has been a top priority for the current administration. The Budget Reconciliation Bill is moving quickly through Congress. This is the most comprehensive climate proposal coming out of Washington, tax incentives are changing to promote building with clean energy in mind. Here’s how to navigate the upcoming ASHRAE Changes to the 179D Tax Deduction. What Are We Watching?

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45L Tax

Will 45L Be Extended at the End of 2021?

In 2005, the Internal Revenue Code added an internal revenue incentive called the Energy Efficient Home Credit, more commonly known as 45L. This incentive allowed “Eligible Contractors” to collect tax credits for the construction of energy-efficient homes. Eligible Contractors are categorized by the IRS as any trust, estate, partnership, company, or corporation that was in charge at the time of

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Moving Forward Act

What is the Moving Forward Act and Why Should You Be Following?

We’ve all heard the saying that politics is personal. Whether you love the news or hate it, it’s important to follow what legislation is making its way through Capitol Hill and how it affects you and your bank. What is the Moving Forward Act and why should you be following? What Should We Be Watching?  The Moving Forward Act is

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