• R&D Tax Credit Update
    By : Categories : R&D,Tax Insight Comment: Comments Off

    The federal tax credit for “increasing research activities” – commonly known as the R&D credit – is one of several “tax extenders” currently being discussed by lawmakers. The credit expired at the end of 2013, but the expectation is that it will be renewed, as it has done consistently since the credit was first enacted…

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  • Expire Act 2014: Tax Extenders for 2014-2015 Passed by Senate Finance Committee
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    Yesterday, on April 3, the Senate Finance Committee overwhelmingly approved the Expiring Provisions Improvement Reform and Efficiency (EXPIRE) Act of 2014 with a strong bipartisan vote, setting the stage for Congress to address. The bill extends many long awaited business tax extenders that originally expired at the end of 2013 and modifies certain tax provisions….

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  • California Competes Tax Credit Applications Closes April 14
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    Businesses may now apply for the first round of awards under the California Competes Tax Credit program. The last date to register for the current application window is April 14, 2014. The California Competes Tax Credit was part of Governor Brown’s three part successor program to the Enterprise Zone tax credit, which is currently being…

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  • Rev. Proc. 2014-16 – IRS releases procedural guidance to implement Final Repair Regulations
    By : Categories : Repair Regulations,Tax Insight Comment: Comments Off

    The IRS recently released Revenue Procedure 2014-16, providing the procedural rules taxpayers follow to make “automatic” accounting method changes under the Final Repair Regulations. This revenue procedure modifies Rev. Proc. 2011-14 and supersedes Rev. Proc. 2012-19 regarding certain changes for amounts paid to acquire, produce, or improve tangible property. IRS PROCEDURE 2014-16   » Full…

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  • Case Study: Retirement of Building Components
    By : Categories : Repair Regulations,Tax Insight Comment: Comments Off

    The Final Repair Regulations clarified the rules related to whether a building expenditure is a capital improvement or can be a repair expense. However, one of the most significant rules that has changed under these Regs is in regards to the disposition of structural components of buildings. In the past, when a taxpayer renovated an…

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  • Energy Efficient Buildings Can Pay Off with Tax Credits
    By : Categories : News Comment: Comments Off

    Federal Tax Incentives for Multi-Family Developers Developers in the multifamily industry are faced with the decision to build their projects to more energy efficient specifications or to keep them standard. The question for many has been – whether the prospective tenants will pay more in rent for a more energy efficient “green” property. Findings have…

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  • New office in Bedford Texas
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    KBKG has recently opened a new office in Bedford, Texas. Bedford is conveniently located in the heart of the DFW Metroplex. The new office in Bedford, TX is under the care of our Senior Director, Eddie Price. Eddie is a Certified Cost Segregation Professional (CCSP) and he serves on the Executive Committee of the American…

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  • IRS issues Final Revised Tangible Property Repair Regulations
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    On Friday (9/13/2013), the IRS issued the final, revised Tangible Property Repair Regulations for Sections 162(a) and 263(a) which modify and supersede the Temporary Regulations that were issued on December 23, 2011. While this is the fourth iteration of the Repair Regulations the IRS has released, it is the first time they have issued them…

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  • Giving Back to the Community
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    To promote team-building, philanthropy and overall support, KBKG has planned numerous volunteer activities in the upcoming months. The events that we have achieved thus far include: donating to the Foothill Unity Center for the “Warm the Tummy, Warm the Heart” Soup Drive in February, donating clothes to the Dolores Mission Thrift Shop during our “Spring…

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  • Eddie Price, Speaker at the Growth & Profitability Summit
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    Eddie Price, Director of Cost Segregation at KBKG, will be speaking at the Growth & Profitability Summit on “Clearing up the Confusion: The Latest on the Repair vs. Cap Regs”. His session will be held on Tuesday, October 22, from 11:40 a.m. – 12:30 p.m. To learn more about the Repair Regulations, go to: kbkg.com/repair-vs-capitalization…

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