Dr. Robert Ambrose, Chairman of Robotics & Artificial Intelligence, alliantgroup & Former NASA Software, Robotics and Simulation Division Chief & Deirdre Ricketts, Lead Science Teacher & STEAM Lab Facilitator
alliantgroup, the nation’s premier consulting firm for small and medium-sized businesses, is celebrating a historic win for taxpayers. The U.S. Tax Court issued a precedent-setting opinion on IRC sec. 179D for alliantgroup’s client.
The Employee Retention Credit (ERC) remains one of the best tax benefits out there for small and medium business – as well as tax-exempt entities – to keep doors open and employees on payroll during this difficult economy.
Working with a tax professional can help you understand what tax credits you qualify for and how to claim them. Tax season brings rule changes for business owners, and this year is no different.
The COVID-19 pandemic has shown no mercy in its impact on the construction sector, inducing a storm of high costs and volatility from materials to labor. According to a recent survey by the Associated General Contractors of America and Autodesk, 93% of contractors have been impacted by the supply chain disruption-induced rising material prices, and 88% are experiencing project delays.
Did you know that you can save thousands of dollars through a federal tax incentive on work done to make government buildings more environmentally sound? The 179D energy efficient tax deduction is a tax saver that can be applied on energy-efficient improvements to commercial and government-owned buildings.
While business owners may be understandably concerned about the possible tax increases coming from D.C., there is some decidedly good news on the tax front for architects, engineers and construction companies.
The Consolidated Appropriations Act of 2021 passed by Congress and signed into law by President Trump on Dec. 27, 2020, did more than just fund our government. It also included several key tax provisions impacting already existing incentives.
alliantgroup is excited that Congressional leaders have reached a late tax deal that will extend a number of popular tax provisions, including the Section 179D deduction for Energy Efficient Commercial Buildings.
So nothing, nothing, nothing – and then bang! Like the parent who waits to the last minute to get to the toy store – Congress suddenly decided to move on taxes in a big way – repealing some unpopular taxes as well as extending a number of popular tax provisions – including Section 179D Energy Efficient Commercial Buildings (big news for designers of government buildings) and Work Opportunity Tax Credit (WOTC).