[Updated] KBKG Tax Insight: R&D Tax Credits – Protective 280C(c)(3) Elections

08/11/2021

Updated September 16, 2020 The Section 41 Research Credit was enacted in 1981 as a temporary code section and made permanent with the passage of the Protecting Americans from Tax Hikes (“PATH”) Act of 2015. The research credit is an incentive providing taxpayers across all industries, performing qualified activities, the opportunity to reduce their tax … Read More

KBKG Tax Insight: Guide to Expensing HVAC Costs

04/19/2021

As featured in AICPA Tax Adviser – April 15, 2021 Heating, ventilation, and air conditioning (“HVAC”) replacement costs can be significant expenses for businesses that own or lease real estate. This guide is intended to help tax practitioners distinguish between deductible repairs and more extensive work that must be capitalized. Each year, tax professionals who … Read More

KBKG Tax Insight: Biden Will Have to Deal With Tax Revenue Shortfall From COVID-19

02/11/2021

As featured in Accounting Today When Joe Biden was inaugurated last month, he assumed all the responsibilities of the American presidency, including tax policy decisions. With the advantage of a Democratic majority in both houses of Congress, his administration will probably pursue tax policy options to raise revenues to offset the deficit attributable to the … Read More

[PRESS RELEASE] KBKG Welcomes Three New Principals to Their Cost Segregation and Research & Development Tax Credit Services

02/10/2021

PASADENA, CA, – Nationwide tax specialty firm KBKG promoted Eddie Price to Principal of Cost Segregation Services, as well as Paul McVoy and Jonathan Tucker to Principals of Research & Development Tax Credit Services. Eddie Price leads KBKG’s Cost Segregation practice and oversees KBKG’s Southern region and its Texas-based operations. He is a Certified Cost … Read More

Tax Incentives in the Life Science and Pharmaceutical Industry

01/28/2021

As featured in PICPA As the world raced to create treatments for the worldwide coronavirus pandemic, a spotlight was on the domestic life sciences and pharmaceutical industry like never before. Companies across the industry leveraged artificial intelligence, data analytics, and novel applications of historical medicines, among other ideas to combat the virus. The demand for … Read More

KBKG Tax Insight: Qualified Improvement Property (QIP) Guidance from the IRS

04/07/2020

For the most up-to-date information on Qualified Improvement Property, see our latest post. In response to our previous release last week, Qualified Improvement Property (QIP) Technical Correction in CARES Act, KBKG has received several inquiries related to the changes in QIP law. Since that post, we have also learned more through discussions with high ranking … Read More

KBKG is Exhibiting at the LEA Global World Conference

01/09/2020

Our Director, William Long and Regional Director Kyle Ernsberger will be representing KBKG at the LEA Global World Conference from January 13th through 15th. William Long is part of our New York team. Kyle Ernsberger is part of our Midwest team. At KBKG, we are passionate about helping business owners and accounting professionals across the … Read More