Kansas Issues New Notice to the Research and Development Tax Credits Thought Leadership by Jonathan Tucker, Principal – Research and Development Tax Credit Services As certified public accountants, staying abreast of changes in tax laws and regulations is crucial to best serve your clients. In this blog, we’ll dive into the recent amendments by House Bill … Read More
KBKG Tax Insight: Qualified Improvements, Bonus Depreciation, and 179 By John Manolos | Senior Manager – Cost Segregation With the passage of the CARES Act on March 27, 2020, Congress addressed the much anticipated “Retail Glitch” associated with the 2017 Tax Cuts and Jobs Act (TCJA). This rule previously prevented investments in qualified improvement property … Read More
Putting Dollars Back on Campuses How colleges and universities benefit from the 179D Tax Deduction Colleges and universities have historically resorted to private donors and alumni to help with the financing of campus improvements. While these methods have proven to be effective, many administrators and facilities directors are unaware of how certain tax incentives established … Read More
IRS Pauses New Claims for Employee Retention Credit Program Thought Leadership from KBKG, Sep 15, 2023 In response to mounting concerns about the integrity of the Employee Retention Credit (ERC) program, the Internal Revenue Service (IRS) has taken the significant step of suspending the acceptance of new ERC claims until at least December 31, 2023. … Read More
KBKG Tax Insight: IRS Releases Guidance on Section 174 R&E Expenses Monday, September 11, 2023 By Kevin Zolriasatain | Principal, Research & Development Tax Credits On Sept. 8, 2023, the Internal Revenue Service (IRS) unveiled Notice 2023-63. This significant and eagerly awaited update to tax regulations under Section 174 marks a pivotal moment in the realm … Read More
KBKG to Host Webinar Series with AIA Los Angeles PASADENA, Calif. – 7/26/2023 – KBKG, a leading provider of turnkey tax services and solutions, is set to host a series of webinars alongside AIA Los Angeles on August 1 and August 8. The two-part series is to educate architects on effective cost-saving strategies through various … Read More
R&D Tax Credit for Software Development Has your company paid to create or improve software? You may be eligible for the research and development tax credit for software companies. The government offers incentives for R&D software development, both domestically and internationally. What Is R&D Software Development? Companies do R&D projects to acquire knowledge as a long-term … Read More
R&D Tax Credits for Small Businesses Did you know that businesses that engage in research and certain manufacturing processes may be eligible for a tax credit? The Research and Development tax credit, or R&D credit, may be able to reduce your small business’s tax burden and allow you to obtain funding for further research. To … Read More
Eddie Price, CCSP, was elected President of the American Society of Cost Segregation Professionals (ASCSP) for a two-year term, effective August 1, 2023. Cost Segregation is a commonly used strategic tax planning tool that allows companies and individuals who have constructed, purchased, expanded, or remodeled real estate to increase cash flow by accelerating depreciation deductions and deferring … Read More
Boost to Businesses – Build It In America Act by Kevin Zolriasatain | Principal, KBKG, 6/15/2023 Tax Insight: Research and Development (R&D) Tax Credit / Research and Expenditures On Tuesday, June 13, the House Ways and Means Committee approved three bills: the Small Business Jobs Act, or H.R. 3937, and the Build It in America Act, or … Read More