Accountants Head Overseas for Talent
The crunch for talent within the accounting profession remains one of the biggest obstacles for U.S. accounting firms today.
The crunch for talent within the accounting profession remains one of the biggest obstacles for U.S. accounting firms today.
For anyone who has relocated to a new office building or high-rise apartment, one of the most frustrating experiences is lugging furniture up flights of stairs only to discover a hidden freight elevator the moment after setting down the last box. For architecture, construction, design and engineering firms, the 179D tax deduction is just like that elevator, an easily accessible means of improving business by utilizing work already underway.
Congress has been the piñata in every poll lately, but recently presented bipartisan legislation — the Start-up Innovation Credit Act of 2013 (SICA) introduced by Senator Chris Coons (D-DE) — is proof that Capitol Hill has its share of good ideas. In brief, SICA allows start-ups to take advantage of the R&D tax credit for the first time.
The 2012 Republican presidential nomination contest brought taxes front and center. The subject of tax reform — not just tax rates — was part of our national political dialogue.
Many businesses still think that this lucrative tax benefit is onlyfor the white lab coat set—much to their detriment, according to a speaker at the FAE’s May 1 Apparel & TextileBreakfast Conference
The IRS recently released its enforcement results for 2011. Based on a number of conversations with senior IRS officials, reviewing the statistics and what we are seeing first hand in our tax controversy practice at alliantgroup – one trend is clear (and will be continuing) — that the IRS is focusing greater resources on small and medium businesses.
The Small Business Jobs Act of 2010 (Jobs Act), signed into law in late September 2010, provides a little-reported change in the tax laws that can have a big impact on the ability of small and medium businesses to claim general business credits such as the research and development (R&D) tax credit.