45L: The Energy Efficient Home Credit – Infographic

08/14/2017Energy Tax Incentives, Tax Insight

Homebuilders and multi-family developers have a unique opportunity to capitalize on an energy efficient home credit that is often overlooked. The 45L Tax Credit offers $2,000 per qualified dwelling unit that can also be claimed retroactively if missed in prior years; however, the clock is ticking. There is a limited timeframe for claiming missed credits, … Read More

KBKG Tax Insight: Maximizing the Value of the Orphan Drug Tax Credit

07/19/2017News, R&D Tax Credit, Recent News, Tax Insight

The Pharmaceutical and Life Sciences industry currently faces a range of issues, including the rising costs of discovery and development, major losses of revenue due to patent expirations, and increased complexities due to demanding regulatory requirements. Moreover, developers of orphan drugs must overcome a host of additional challenges that make it difficult to recoup investments … Read More

KBKG Tax Insight: Is a More Valuable R&D Credit Coming Soon?

06/08/2017News, Tax Insight

The R&D tax credit, which awards companies large and small for their innovative efforts and that was made permanent in 2015, could now be more lucrative with new bi‐partisan support. Senators Chris Coons (D‐DE) and Pat Roberts (R‐KS) have introduced a bill increasing the R&D credit up to 25% for companies that not only conduct … Read More

Press Release: KBKG Launches New Payroll Tax Credit Estimator for Small Businesses & Start-Ups

05/18/2017News, R&D Tax Credit, Recent News

Pasadena, California, May 16, 2017 – KBKG, a nationwide tax services firm headquartered in Pasadena, California, recently launched a free calculator to help early-stage businesses save up to $250,000 in payroll tax. The Research and Development Tax Credit is now permanent, and its benefits extend to small businesses and start-ups who were previously unable to … Read More

KBKG Tax Insight: IRS Takes Controversial Position on Building Placed in Service Dates

05/11/2017Cost Segregation, News, Recent News, Tax Insight

Internal Revenue Service in Action on Action on Decision 2017-02 announced that it will continue to litigate the issue surrounding placed in service dates for certain buildings that have received their certificate of occupancy but aren’t ready and available for their “specifically assigned function.” In the case of a retail building, the IRS appears to … Read More

KBKG Tax Insight: R&D Tax Credits Payroll Tax Offset – Interim Guidance Notice 2017-23

04/24/2017News, R&D Tax Credit, Recent News, Tax Insight

The Treasury Department and Internal Revenue Service (IRS) released interim guidance surrounding the payroll tax credit election available to certain small businesses under Section 41(h) of the Internal Revenue Code (IRC). The addition of the payroll tax offset was introduced as part of the Protecting Americans from Tax Hikes (“PATH”) act of 2015. Notice 2017-23 … Read More