Jan 10 KRS CPAs Named Among the Top 101 Best & Brightest Companies to Work for in the Nation for a Third Year!
Encore! We're once again honored to be named one of the 101 Best and Brightest Companies to Work For in the Nation!...
Jan 10 Unlock Savings With State and Local Tax Credits and Incentives
State and local tax (SALT) credits and incentives programs continue to be underutilized. Despite the substantial value they can add for businesses, BDO’s 2024 CFO Outlook Survey found that just 34% of CFOs plan to optimize costs by claiming tax credits in the next 12...
Jan 10 IRS Clean Vehicle Tax Credit FAQs
The Inflation Reduction Act of 2022 has altered the requirements for the clean vehicle tax credit, particularly for electric vehicles, including fuel cell vehicles. The credit is available for eligible commercial clean vehicles in addition to vehicles that were previously owned....
Feb 10 What To Know About Health Care Credits
A premium tax credit is designed to lower the total cost of health insurance plans that are already relatively expensive in the United States....
Jan 27 Changes in Homeowners’ Deductions for Mortgage Interest and Taxes
What are the rules that apply to deductions for interest payments on mortgages? They can get confusing....
Aug 25 The Inflation Reduction Act: What Does It Contain?
On August 12, Congress passed the Inflation Reduction Act, over 700 pages of economic changes. What does the act do? And just as important, what does it not do?...
Mar 10 IRS Updates Recovery Rebate Credit FAQ
The IRS has updated its Recovery Rebate Credit FAQ, which is organized into eight categories. The full document is available online, but you can find some of the updates below. ...
Jan 19 Lookout for IRS letters in January
With preparations for the next tax season starting there is something important you should be aware of. The IRS will be sending out two letters to taxpayers in January: Letter 6419 - Advance Child Tax Credit Payments Letter 6475 - Economic Impact (stimulus) Payment It is important that you...
May 25 IRS Updates Form 941 To Reflect COVID-19 Tax Credits
Here’s what you need to know to use updated Form 941 for COVID-related tax credits The IRS has revised Form 941, Employer’s Quarterly Federal Tax Return, to accommodate COVID-19-related employment tax credits granted under the Families First Coronavirus Response Act (FFCRA) and the Coronavirus Aid, Relief,...
Jun 27 R&D Tax Credits for Food & Beverage Companies
Companies operating in the food and beverage industry are constantly facing increased costs in raw materials, fuel, and regulatory changes while trying to keep pricing competitive and gain market share. Rising costs can be related to research and development (R&D), which include developing new products...