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Unpacking the Clean Vehicle Credits under IRA ’22

RogerRossmeisl

The credit generally applies to vehicles having >4 wheels that are placed in service from 1/1/2023 – 12/31/2032. The post Unpacking the Clean Vehicle Credits under IRA ’22 appeared first on Roger Rossmeisl, CPA. Who Qualifies You may qualify for.

CPA 246
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Pocket a Tax Break for Making Energy-Efficient Home Improvements

RogerRossmeisl

You can claim the credit for improvements made through 2032. The credit equals 30% of certain qualified expenses for energy improvements to a home located in the United States, including: The post Pocket a Tax Break for Making Energy-Efficient Home Improvements appeared first on Roger Rossmeisl, CPA.

Tax 245
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Mastering Labor Challenges Can Drive Growth for CPA Firms

CPA Practice

Bureau of Labor Statistics estimates employment of accountants and auditors to grow by about 4% each year through 2032, with an annual number of job openings expected to be about 126,500. The results are profound: more than 99% of the top CPA firm leaders in the US said they can’t adequately fill their staffing needs domestically.

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Home Energy Credits Under the Inflation Reduction Act

CPA Practice

By Mike D’Avolio, CPA, JD. For property placed in service in 2023 through 2032 , the credit is increased for each tax year to 30% of the sum of: Qualified energy efficiency improvements installed during the year, and Residential energy property expenditures paid or incurred during that year.

CPA 122
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What to Know about Tax Savings in the Inflation Reduction Act

CPA Practice

After your CPA teams explore the requirements to see who is eligible, clients may benefit from tax credits that cover 30% of the cost of switching over to solar power, as well as a tax credit up to $5 per square foot to support energy efficiency improvements that deliver lower utility bills.

Tax 105
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New Tools Help Governments Tap Clean Energy Tax Credits

CPA Practice

The IRA authorizes the program through 2032. The direct credit program is authorized through 2032, and Blanchard thinks it’s likely to be renewed. There is no limit to the number of entities that can apply for the credits or the number of projects for which any one applicant could receive them.

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5 Ways to Attract and Retain Talent in the Accounting and Finance Industry

Cherry Bekaert

Accounting and finance employment is projected to grow 4% from 2022 to 2032, with about 126,500 openings for accountants and auditors each year on average. Further adding to the issue, fewer CPA examinations are taken each year as the appeal to a career in accounting declines among college students—thus creating a CPA shortage.