What COVID Has Taught Us
It has been a very long while since I have written a Bottom Line article and I would like to open with an expression of gratitude for all of our loyal clients. I hope that all of you have been able to cope with the challenges of the past year and that you are all...
PPP Update
By Max Vignola, CCSP As you may have noticed, 2021 is already proving to be highly unpredictable. In our last Bottom Line post, we discussed the COVID-19 Paycheck Protection Program (“PPP”) and how it might impact the R&D tax credit. The IRS released Notice...
How the Agricultural Industry Can Harvest R&D Tax Credits and Yield More Cash Flow
By Max Vignola, CCSP Key Takeaways • Investing in continuous new and improved products is not only good for business; it can help you qualify for valuable research tax credits. • There are four main types of qualified research activities. Chances are you engage in at...
Consolidated Appropriations Act, 2021 Permanently Extends EPAct 179D
With the signing of the Consolidated Appropriations Act or "CAA", we finally have some much needed good news. While the bill helps everyone including businesses and individuals, one of the most important provisions in the bill is the permanent extension of the EPAct...
A Year Unlike Any Other
By: Max Vignola, CCSP - Director of Tax and R&D Services I think we can all agree that 2020 has been an extremely unconventional year for businesses and individuals. With uncertainty, we should all remember to be on the lookout for tax planning strategies to help...
Passing of Time
It has been a while since our last edition of The Bottom Line and I promised my staff that I would prepare this edition before I headed out for some over-due time off. I am sure all our CPA clients can relate with that! For most of this year, we have been dealing with...
Cash Flow from R&D Tax Credits
By Max Vignola, CCSP - Director of Tax and R&D Services Key Takeaways Your research and development (R&D) activities can be a substantial source of tax savings and improved cash flow during these challenging times. Companies in a wide range of activities can...
Coronavirus Aid, Relief and Economic Security Act (CARES Act)
To Our Valued Clients: The CARES Act was signed into law by President Trump on March 27, 2020. The Act contains many types of aid and other benefits to help businesses of all sizes get through the ongoing pandemic. With an estimated cost of $2.2...
It’s Back!
After a very long wait, Congress has reinstated the EPACT 179D Commercial Buildings Energy Efficiency Tax Deduction. Legislation has been signed by the President which provides retroactive application of 179D for both the 2018 and 2019 tax years and extension through...
Seeking the Truth Part two
Energy efficiency and the consumer Written by: Patti Hagewood – Energy Analyst and edited by Karen Koch CPA - Partner & Manager of Energy Services This is part two of our energy series originally published last week. If you have not read part one, please do that...
