Tax incentives are an essential part of business operations in the United States. They provide a powerful source of financial support for businesses
2023 will bring some exciting and lucrative tax incentives for small and medium businesses across America. Taking advantage of these opportunities can significantly impact your business’s bottom line, so it’s essential to stay informed about the incentives available.
Section 179D – Tax Incentives For Energy Efficient Buildings — Good News From Congress And The Courts
There has recently been a fair amount of activity in the world of Section 179D – an important tax incentive for energy efficient building design. As background, in 2005, Congress enacted Section 179D of the Internal Revenue Code, – the energy efficient commercial building deduction – in an effort to impact the country’s largest consumer of energy, our buildings, and to encourage and incentivize the construction (including rehab) of greener buildings.
The pandemic accelerated the digitalization of day-to-day business operations, ushering in a new era of tech-dependence, particularly around cloud migration. Now, companies of all sizes are racing to update their infrastructure, data, and critical applications to the cloud.