New rules require taxpayers to capitalize and amortize R&E costs incurred in taxable years beginning on or after Jan. 1, 2022. Read on to learn more.
New rules require taxpayers to capitalize and amortize R&E costs incurred in taxable years beginning on or after Jan. 1, 2022. Read on to learn more.
Though there will be challenges in the year ahead, there is also potential for hospitality leaders to capitalize on the evolving market. Here are some of the top challenges and trends we anticipate in 2023 and how businesses can overcome them.
After a period of rapid change during the pandemic, evidence suggests hybrid work is here to stay. As professional services firms adjust to shifting workplace norms — reevaluating their real-estate portfolios and workforce policies — one overarching priority has emerged: flexibility.
This article provides an introduction to renewable energy tax credits and highlights several key factors that buyers and sellers of these credits should consider.
State and local taxes represent a key and often material part of a business’s total tax liability. Many states are reporting budget surpluses, reducing tax rates and offering new credits and incentives, but states are also looking to expand taxation of the digital and internet economy.
Deducting losses is a high-priority item for taxpayers in the highest marginal income tax bracket. The topic is especially relevant during this tax compliance season because of recent declines in the stock market and a challenging overall business environment.
The IRS and Treasury Department have issued interim guidance on the corporate excise tax introduced in the Inflation Reduction Act. Here's what you need to know.
The Treasury Department and the IRS issued interim guidance on how the new corporate AMT applies to partnership interests, consolidated return groups and other significant events that affect corporations, including merger and acquisition activities and excepted cancellation of debt income.
Goering & Granatino is pleased to announced that we have joined the BDO Alliance USA, a nationwide association of independently owned local and regional accounting, consulting and service firms with similar client service goals. As an independent member of the BDO Alliance USA, we can expand the services offered to clients by drawing on the resources of BDO USA, LLP.
Gear up to make some last-minute tax moves you can make to reduce your tax liability. Keep reading to see what you could be implementing in your tax plan.