IRS Makes Statements on CARES Act Employee Retention Tax Credit Risks

Last year, the IRS issued a news release warning employers to be wary of third parties who have ramped up campaigns to try and get employers to claim the CARES Act Employee Retention Tax Credit (ERTC) when they may not actually qualify.

2023-02-15T14:36:39-05:00February 1, 2023|Categories: Tax: Business, Tax: Exempt Organizations|Tags: , , |

§179D Energy-Efficient Commercial Building Deduction Expanded to Benefit Non-Profit Organizations

For businesses contemplating a commercial project, the §179D deduction, a provision from the Inflation Reduction Act, is now available for any qualifying commercial energy-efficient building.

Why Do Nonprofits Need Financial Statement Services? Part 2: Federal Compliance

Federal compliance requirements like single audits require nonprofits to have financial statement services performed.

2023-01-18T10:36:36-05:00January 18, 2023|Categories: Audit & Assurance, Not-for-Profit|Tags: , , |

IRS releases draft instructions to claim amended R&D credits

IRS issues draft instructions for Form 6765 that formalizes the information required for claiming research credits on an amended tax return or an administrative adjustment request (AAR) for BBA partnerships.

2023-08-09T10:09:15-04:00January 18, 2023|Categories: Tax: Business, Tax: Credits & Incentives|Tags: , |

Accounting System Compliance Risk – Before and After Contract Award

Government contractors should perform an internal assessment of their compliance before an audit is performed and participate in the audit process to ensure a favorable result.

2023-01-10T08:58:10-05:00January 10, 2023|Categories: Government Contracting|Tags: |

Closing the Coverage, Participation and Savings Gap with SECURE 2.0

The SECURE 2.0 Act of 2022 includes over 90 provisions that have implications for retirement plans. Here are some of the changes that will be more impactful to retirement plans and plan sponsors.

2023-01-09T09:46:41-05:00January 9, 2023|Categories: Plan Design and Administration|Tags: , |
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