Articles & Publications

The deduction under Section 179D has long served as an incentive for energy efficiency in commercial and certain residential buildings. Originally established in 2006, recent updates under the Inflation Reduction Act of 2022 have significantly expanded its scope and. Read More >>

On December 20, 2023, the Internal Revenue Service (“IRS”) issued Notice 2024-2 providing guidance, in Q&A format, on 12 specific sections of the SECURE Act 2.0. Per an internal revenue bulletin from the IRS, the notice is not intended. Read More >>

The Tax Relief for American Families and Workers Act of 2024 has made its way through the House Ways and Means Committee and is headed for a full House vote on January 29th. Several of its provisions are retroactive. Read More >>

The IRS has released the annual optional standard mileage rates for 2024, encompassing the expenses associated with using your personal vehicle. This commonly applies to business usage and is also relevant if you use your vehicle for medical, moving. Read More >>

On December 21, 2023, the Internal Revenue Service (“IRS”) unveiled details concerning the Employee Retention Credit Voluntary Disclosure Program (“ERC-VDP”). This program is aimed at taxpayers who mistakenly claimed and received Employee Retention Credit (“ERC”) refunds for specific quarters. Read More >>

*as seen in Crain’s Corporate Growth & M&A Section In the dynamic landscape of mergers and acquisitions, the intricate dance between buyers and sellers requires a careful examination of tax implications. Whether opting for a pure asset deal or. Read More >>

Beginning January 1, 2024, many business owners will be required to file a Beneficial Ownership Information (BOI) report with the Financial Crimes Enforcement Network (FinCEN). Businesses that are obliged to file this report include corporations, limited liability companies (LLCs),. Read More >>

As we approach the close of another year, it’s time to take stock of your financial strategies and consider smart year-end tax planning. While legislative uncertainties persist, we’ll focus on practical considerations that transcend the political landscape. These considerations. Read More >>

The IRS has announced the 2024 cost-of-living adjustments (COLAs), which impact retirement plans for more than 71 million Americans. These taxpayers will see a 3.2% bump in monthly Social Security benefits and supplemental security income payments in 2024, which. Read More >>

The Ohio Department of Taxation has released additional guidance for Ohio’s Commercial Activity Tax (CAT) following the enactment of  House Bill 33. These changes, which largely come into effect for tax periods beginning in January 2024, will have a. Read More >>