Boosting Domestic R&D Amid the Latest Chip Tariffs
Businesses concerned about the effects of new chip tariffs on their bottom lines can find a powerful offset via the Section 41 R&D Credit.
Big Beautiful Tax Relief For Small Businesses — R&D Tax Credit
The One Big Beautiful Bill Act (OBBB) has a number of important provisions providing tax relief for small businesses.
Big Beautiful Bill Encourages Nuclear, But Regulations Still Don’t
The One Big Beautiful Bill (OBBB) Act recently passed by the US Congress accelerated the phasing out of many federal incentives like Investment Tax Credit…
Beyond the pilot: How CIOs can scale AI successfully
As CIOs face increasing pressure to mount successful AI projects, they’re contending with a sobering reality: only between 5% to 20% of AI pilots result in high-impact, enterprise-wide deployments with real, measurable value.
Better IRS Data Will Help, Not Hurt, the American Taxpayer
In its recently released Strategic Plan for Fiscal Years 2022-2026, the IRS described how it will leverage technology and data analytics as a key component for achieving its goals within four strategic areas: service, enforcement, people, and transformation. In the plan, the IRS listed “improving data management and analytics” as one of its six focus areas for improving taxpayer experience and transforming the agency.
Best Practices for R&D Tax Credit Documentation
Protecting the bottom line is essential for long-term success in the ever-evolving business landscape. One often overlooked avenue for achieving this is leveraging available tax credits and incentives.
Astronaut Visit
Our Chief Technology Officer, Steven Hunter, who also serves on the board of Compudopt, got together with his IT team to kick off 2023 with a special donation!
As the IRS targets wealthy Americans for audits, here are red flags for everyday filers
The IRS is working on plans to avoid increased audits on taxpayers making less than $400,000 — but certain areas can invite scrutiny, regardless of income.
As IRS Spending on AI Skyrockets, Congress Boosts Oversight
IRS spending on artificial intelligence rose by over 700% in the last half-decade as it hones the use of machine learning to identify tax cheats and improve taxpayer communication, according to Bloomberg Government contracting data.
Opinion: American farmers also feel the inflation squeeze. Here’s what they can do.
This summer, gas prices soared while inflation skyrocketed to a new 40-year high, putting a squeeze on American consumers who were just beginning to fully reengage with the market in the wake of the pandemic.