Accountants Head Overseas for Talent
The crunch for talent within the accounting profession remains one of the biggest obstacles for U.S. accounting firms today.
Small Businesses Face Big Tax Bills From Research-Deduction Change
Laura Lynn Gonzalez expected a tax refund this year, after her two-employee data-visualization company experienced a $30,000 loss. Instead, she said, she is facing a $100,000 federal tax bill that is about as large as her 2022 salary.
The Big Section 179D Tax Court Win for Designers
Alliantgroup recently won a major decision in U.S. Tax Court where the court wholly validated alliantgroup’s 179D process.
Sec. 179D Scores Wins in Congress, Tax Court, Tax Pro Says
Recent legislation and litigation involving the property deduction for energy efficient building projects should be seen as two major victories for taxpayers, particularly designers and contractors, according to a tax professional at a consulting firm specializing in the benefit.
Ex-IRS Chief Says He Is Confident Daniel Werfel Will Do Well as Agency’s New Leader
Former IRS chief, Mark Everson, believes new IRS chief Daniel Werfel is the right person to lead the agency during its $80 billion transformation.
Historic Fusion Ignition Breakthrough Could Fuel New Industries
Dr. Robert Ambrose, Chairman of Robotics & Artificial Intelligence, alliantgroup & Former NASA Software, Robotics and Simulation Division Chief & Deirdre Ricketts, Lead Science Teacher & STEAM Lab Facilitator
Absence Of Confirmed Tax Heads Could Hinder Major Projects
Without Senate-confirmed leaders, the DOJ’s Tax Division and the IRS Office of Chief Counsel are reluctant about taking up significant tax projects.
Supply Chain Issues for CPA Firms???
Even CPA Firms Are Facing “Supply Chain” Issues. It is no secret that the US is facing a serious shortage of accounting professionals which will result in severe circumstances for the CPA profession and the market for CPA firm services. The latter point is always overlooked.
R&D Tax Credit for Software Development Firms
Software development firms are easily one of the largest businesses that can benefit from the Research and Development (R&D) tax credit because of their significant investment in innovation and the development of new technologies.
IRS commissioner nomination advances amid debate over $80 billion agency funding
The Senate Finance Committee this week voted to advance Daniel Werfel’s nomination to become IRS commissioner amid fierce debate over the agency’s $80 billion in funding.