insights
credits and incentives, and regional events.
updates on industry-specific credits
and incentives, and regional events.
Featured Article
- KBKG Tax Alert: Update on the 174 Capitalization Fix, 2024 Tax Relief ActKBKG Tax Alert: Update on the 174 Capitalization Fix, 2024 Tax Relief Act The American Families and Workers Act of 2024 (“the Act”), aimed at reinstating the ability to deduct R&D expenditures, extending bonus depreciation, and expanding the Child Tax Credit has hit a significant roadblock in the Senate. Despite its bipartisan passage in the House earlier in the year, the bill faces staunch opposition from key senators, including Senator Mike Crapo, the top Republican on the Finance Committee. The Act, crafted through negotiations between Democratic Senate Finance Committee Chairman Ron Wyden and Republican House Ways and Means Chairman Jason Smith, sailed through the House with bipartisan support in January, with a vote of 357 to 70. Despite hopes to swiftly advance the bill in the … Read More
KBKG Tax Insights
- KBKG Tax Alert: Update on the 174 Capitalization Fix, 2024 Tax Relief ActKBKG Tax Alert: Update on the 174 Capitalization Fix, 2024 Tax Relief Act The American Families and Workers Act of 2024 (“the Act”), aimed at reinstating the ability to deduct R&D expenditures, … Read More
- ERC Tax Season Reminders and UpdatesERC Tax Season Reminders and Updates Thought Leadership by Ian Williams, Principal | KBKG As we near tax filing deadlines we are also approaching the first Employee Retention Tax Credit (ERC or ERTC) … Read More
- Biotech R&D Tax BenefitsUnderstanding R&D Tax Credits for Biotech, Bioscience, and Pharma Research and development (R&D) is a huge part of the biotech, bioscience and pharmaceutical industries. Biotech, bioscience, … Read More
- KBKG Tax Insight: Overcoming Passive Losses from Self-Rental Property Using the Grouping ElectionKBKG Tax Insight: Overcoming Passive Losses from Self-Rental Property Using the Grouping Election By Eddie Price & Amar Patel | Principals – Cost Segregation When business owners acquire a … Read More
Regional News & Events
- KBKG to Attend and Exhibit at the New England Practice Management ConferenceOur Principal, Alex Martin, and Regional Director, Alexis McClellan will be exhibiting at the New England Practice Management Conference. This conference takes place from November 16th to 18th at the Foxwoods Resort Casino in Mashantucket, CT. About the New England Practice Management Conference … Read More
- This Month’s WebinarsLooking for CPE credit? We have several sessions available this month. Click the links below to register. If you have questions or need help registering, please email [email protected]. Research & Development Tax Credits 11/1/2022 | 12:00 PM PT | 1 hour | 1 CPE credit This webinar will cover the … Read More
- KBKG to Exhibit at the GSCPA Southeastern Accounting ShowOur Regional Directors Chad Niehaus and Matt Kemp are exhibiting at the GSCPA Southeastern Accounting Show. The conference is taking place from Wednesday, August 24, 2022, to Thursday, August 25, 2022, at the Cobb Galleria Centre in Atlanta, Georgia. About the GSCPA Southeastern Accounting Show The … Read More
- KBKG to Exhibit and Sponsor at the ICPA Summit ’22Our Director, Robert VanDeVeire and Regional Director, Todd French are exhibiting at the (Illinois) ICPA Summit ’22. The conference is taking place from August 23rd to August 24th at the Donald E. Stephens Convention Center, in Rosemont, Illinois. About the ICPA Summit ‘22 The ICPAS SUMMIT22 is one … Read More
Timely Tips & Reminders
Firm Updates
KBKG Tax Insight – Does Coke Owe the IRS $10+ Billion for Transfer Pricing?
12/09/2023What Happens if Coke Continues to Lose in Tax Court? Coca-cola recently lost an appeal of a transfer pricing court case, which concluded that Coke owes an additional $3.1 billion in tax for 2007 through 2009.¹ In addition to denying the Motion for Reconsideration on procedural grounds, Tax Court Judge Albert Lauber decided to elaborate … Read More
KBKG Experts Appointed to the Board of the American Society of Cost Segregation Professionals
06/28/2023Eddie 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
Putting Dollars Back in Classrooms
06/26/2023School districts have traditionally resorted to private contributions from the community to raise funds for necessary projects that provide an interactive, quality education for students. While this method is proven to be effective, many leaders of K-12 school districts need to be made aware of how specific tax incentives set forth by the federal government … Read More
KBKG’s Five Phases of Architecture for Claiming 179D
03/22/2023In 2008, the 179D Energy Efficient Commercial Building Program was modified as a powerful stimulus to the Architecture and Design Community. Since then, Architects and other designers have been inspired to reduce their carbon footprint by designing more energy-efficient commercial buildings. As a result of this initiative, the program permanently became part of the U.S. … Read More
[PRESS RELEASE] KBKG Named One of the World’s Leading Transfer Pricing Practices by International Tax Review
09/19/2022Chicago – September 19, 2022 – For the second year in a row, KBKG, a nationally recognized tax specialty firm, was named one of the world’s leading transfer pricing firms by the International Tax Review for 2022-23. The International Tax Review, which surveys and analyzes more than 13,000 clients and 2,700 practitioners, identifies the most … Read More
[PRESS RELEASE] KBKG Expands Atlanta Footprint with Office in Buckhead
04/22/2022After five years in the north Atlanta metro region, the firm has moved operations inside the city’s perimeter to better serve surrounding businesses. Nationwide tax specialty firm KBKG has recently moved its existing Atlanta metro operations from the original Alpharetta location to the heart of Atlanta’s Buckhead business district. The firm’s southeast team has upgraded … Read More
KBKG Promotes Sumit Sharma to Principal Overseeing Cost Segregation in the Northeast
03/21/2022PASADENA, CA, – Nationwide tax specialty firm KBKG promoted Sumit Sharma, CCSP, to principal effective January 1, 2022. Sumit leads the firm’s cost segregation practice in the northeast out of their Manhattan-based office. As a Principal, Sumit specializes in Cost Segregation and Fixed Assets. Sumit has over 17 years of experience conducting fixed asset depreciation … Read More
Gian Pazzia Appointed New CEO of KBKG a Tax Credits, Incentives, and Cost Recovery Firm
02/07/2022After over 20 years in the industry, Gian will oversee the firm’s cost segregation, research and development tax credits, green building tax incentives, and transfer pricing practices as Chief Executive Officer. PASADENA, Calif., February 7, 2022 – Nationwide tax specialty firm KBKG, announced a new Chief Executive Officer effective January 1, 2022. Gian Pazzia, CCSP … Read More