ThomsonReuters

DECEMBER 19, 2023

To encourage this shift, the IRS offers a range of renewable energy tax credits for alternative energy sources like solar, wind, and geothermal power. For accountants, understanding renewable energy tax credits and how they relate to individuals and businesses is essential in helping clients maximize their tax benefits.

Tax 110

Tax accounting and finance Manufacturing income tax 110

CPA Practice

DECEMBER 13, 2023

CPAs, tax professionals and finance and accounting teams need to take stock of all that is in the legislation because it may make a significant difference in tax savings for clients if they are eligible homeowners and businesses.

Tax 105

Tax cpas income tax accounting and finance 105

Withum

NOVEMBER 17, 2022

Most of the income tax proposals in the 2021 “Build Back Better” bill did not make it into the IRA. General Income Tax Planning. Postpone income until 2023 and accelerate deductions into 2022. For example, common states where people move to reduce state taxes are Florida, Texas, Wyoming, and Nevada.

tax planning 98

tax planning Tax Construction income tax 98

Withum

DECEMBER 4, 2024

An exception from the limitation on the business interest deductions is also provided for floor plan financing (i.e., financing for the acquisition of motor vehicles, boats, or farm machinery for sale or lease and secured by such inventory). Section 179 expensing, unlike bonus depreciation, can give rise to state income tax benefits.

Tax 105

Tax income tax Construction Non-Profits 105